Analysts at Bank of America Securities say they are in the minority in believing Fannie Mae and Freddie Mac should return to serving as the main backstop buyers of agency mortgage-backed securities. BofA Securities has said the return of the GSEs as major MBS purchasers “would be welcomed in managed form, particularly given their retained […]
Fed, not GSEs, should be mortgage securities backstop: BofA Read More »
Fannie Mae has staged a new round of layoffs impacting 62 people viewed as working in noncore functions, according to Federal Housing Finance Agency Director Bill Pulte’s social media post. Pulte, who has said he posts announcements informally on social media platforms like X first to provide immediate transparency, indicated that the cuts were made
Fannie Mae laying off 62 in DEI, COO, and other units: Pulte Read More »
Freddie Mac, like larger counterpart Fannie Mae, reported another profitable quarter that could fuel more interest in a potential new public offering for some of their shares. The government-sponsored enterprise earned $2.8 billion in net income during the quarter, compared to $2.39 billion the previous fiscal period and $3.11 billion a year earlier. The pattern in
Credit provision shifts drive Freddie Mac’s earnings Read More »
Enjoy complimentary access to top ideas and insights — selected by our editors. A coalition of real estate and banking groups, including the Community Home Lenders of America, the Independent Community Bankers of America, and the National Association of Realtors, wants Fannie Mae and Freddie Mac to buy conventional mortgage-backed securities to help the mortgage
Reviving GSE MBS purchases would repeat the Fed’s mistake Read More »
Fannie Mae’s latest results show stockholders’ equity rose further in the third quarter as earnings came in higher than in the previous fiscal period and approached year-ago numbers. The government-sponsored enterprise, which is the larger of two conservatorship entities the Trump administration is considering monetizing through a new stock offering, reported $3.9 billion in net
Fannie Mae’s earnings rise, equity nears $106B Read More »
Pennymac outlined what it considers key priorities for a healthy housing market as the Trump administration weighs possible near-term reforms to the government-sponsored enterprises. “The potential for structural action at the GSEs is more elevated now than at any point since the conservatorships began in 2008,” Pennymac’s public policy and government affairs experts wrote in
What Pennymac wants prioritized in GSE reform Read More »
Fannie Mae’s latest economic and housing outlook reflects more positive expectations. The government-sponsored entity notably lowered its mortgage rate expectations for the end of the year to 6.3% from 6.4% in its previous outlook, while its 2026 fourth quarter forecast remained the same at 5.9%. A quarter-over-quarter drop to 6.3% from 6.6% would mark the
Mortgage rates, home prices improve in Fannie Mae forecast Read More »
If federal regulators were to reduce or do away with loan level pricing adjustments at the government-sponsored enterprises, the effect on borrowers would be modest, but it would reduce earnings at Fannie Mae and Freddie Mac, a Keefe, Bruyette & Woods analysis found. Lower return on equity could put a crimp in privatization plans as
KBW says loan level pricing cuts could hurt GSE earnings Read More »
Fannie Mae Senior Vice President Jake Williamson will fill in as the single-family division’s chief and Tom Klein will temporarily take on general counsel responsibilities as those who previously held the positions depart. Executive Vice President Malloy Evans’ departure from the single-family post and Danielle McCoy’s exit as general counsel follow other changes at the
Fannie Mae names Jake Williamson acting single-family head Read More »
After another money-losing quarter for Primelending, Hilltop Holding’s mortgage subsidiary through Plainscapital Bank, company management was cautiously optimistic about the future. In the third quarter, the mortgage business lost $7.2 million on a pretax basis. While it did turn a pretax profit of $3.2 million in the second quarter, in the three prior periods, Primelending
Primelending management cautiously optimistic about 2026 Read More »