Latest Updates Around The World
HousingWire recently published an op-ed advocating for FHFA’s Bill Pulte to make Fannie and Freddie’s (the GSE’s) mortgages retroactive. The intention is noble – most mortgage lenders are indeed trapped by low interest rates of the pandemic, draining liquidity from the housing market and preventing these borrowers from moving when they should. The reality is […]
Nothing has been determined at this time, Habib said in an interview. In the meantime, Pulte has opened the discussion to other industry professionals. Introduced in 2008, LLPAs compensate government-sponsored enterprises (GSEs) for differences in borrowers’ credit risk, including factors such as loan-to-value (LTV) ratio and credit score. Previously, the GSEs charged a fixed guarantee […]
At the end of the third quarter, Freddie’s net assets were $68 billion, and its total mortgage portfolio was $3.6 trillion. “In the third quarter, Freddie Mac earned $2.8 billion in net revenues on $5.7 billion [net] revenue as we worked to restore the American Dream for families across the country,” said Bill Pulte, executive […]
Trade groups representing community banks and home lenders are urging the Trump administration to allow it Fannie Mae And Freddie Mac to purchase mortgage-backed securities (MBS) to help lower mortgage rates. The idea relies on amending the Preferred Stock Purchase Agreements (PSPA) to allow the GSEs to purchase and Ginny does MBS when the spread […]
In his blog, posted on Thursday, Broeksmit warned that a merger of Fannie-Feddie would harm competition and increase the risks in the American home financing system, and noted that A similar idea was put forward by the National Economic Council In September 2016 and “received a careful assessment throughout the industry” before he was finally […]
The comments from Fratantoni come when the Trump administration signals potential plans to merge the companies sponsored by the government (GSEs) and to pursue a supply offer this year. “There must be at least two GSEs and we think that competition in the secondary market is really beneficial for the system as a whole,” Fratantoni […]
Wells Fargo Analysts Mario Ikhaso and Jonathan Carroll also see challenges in a planned range of the companies sponsored by the government (GSEs). The movement of the administration indicates “a sense of urgency” in the privatization efforts, they wrote in a report on Friday. “We now place the chance of release at 40% because the […]
