Archive for April, 2014


Stress Tests Forecast $190 Billion in Losses at Fannie Mae, Freddie Mac in …

Fannie Mae and Freddie Mac could require another $190 billion in government support under a worst-case economic scenario, according to stress test results made public Wednesday by the firms’ federal regulator. The stress tests, mandated by the Dodd-Frank financial-regulatory overhaul, are designed to forecast potential losses in a “severely adverse” economic environment. The projections released […]

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Senators Delay Action on Fannie Mae Amid Democrats’ Rift

Prospects for a bipartisan housing-finance overhaul dimmed as Democrats on a U.S. Senate panel struggled to reach consensus on how to replace Fannie Mae (FNMA) and Freddie Mac. (FMCC) After a year of delicate bipartisan negotiations on a bill, Democrats on the 22-member Senate Banking Committee remained divided on issues including lending in disadvantaged communities, […]

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Fannie Mae securities catch a bid as bonds rally, affecting REITs

Why this week will be key for REITs like Annaly and homebuilders (Part 5 of 6) (Continued from Part 4) Trading in Fannie Mae TBAs  When the Federal Reserve talks about buying mortgage-backed securities (or MBS), it’s referring to the To-Be-Announced market (usually referred to as the TBA market). The TBA market allows loan originators […]

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Don’t “Reform” Fannie Mae, Rethink Housing Policy

Lawmakers in Congress are exhibiting a rare fit of bipartisanship and working to reform Fannie Mae and Freddie Mac. Of five separate bills attempting to address the challenge, the one furthest along is the handiwork of Senators Tim Johnson and Mike Crapo, which calls for private firms to perform the securitization role now carried out […]

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The Impact Of Freddie Mac And Fannie Mae Reform On Multifamily Lending

Congress may actually pass legislation this spring to break up mortgage giants Fannie Mae and Freddie Mac. “We have a chance to bring this across the finish line,” Shaun Donovan, Secretary of the U.S. Department of Housing and Urban Development, told the audience at an event hosted by the Bipartisan Policy Center and the New […]

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Johnson Crapo Bill Closing Fannie Mae, Freddie Mac DOA: Bove

Fannie Mae and Freddie Mac released a surprise statement to the Senate banking committee last week pointing out problems with the Johnson Crapo bill A new research report from Rafferty Capital’s Dick Bove suggests that the Johnson Crapo bill currently under consideration to wind down Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie […]

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Fannie Mae and Freddie Mac wind-down bill faces test

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Fannie and Freddie Rally As Vote to End Them is Postponed

Fannie and Freddie Rally story updated from 8:52 a.m. with closing share price and mention of Fairholme-backed group that wants to “preserve and strengthen” the GSEs. NEW YORK (TheStreet) — Fannie Mac (FNMA) and Freddie Mac (FMCC) shares traded higher Tuesday following a delay in a vote on a bill from Sens. Tim Johnson (D., […]

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Pending home sales are critical for Lowe’s and similar retailers

Why this might be 2014’s most pivotal week for financial releases (Part 3 of 7) (Continued from Part 2) The Pending Home Sales Index (or PHSI) The Pending Home Sales Index (or PHSI) is issued by the National Association of Realtors. The PHSI reading for March will be released on Monday, April 28. The Pending […]

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The Zacks Analyst Blog Highlights: Barclays, Freddie Mac, Fannie Mae, Wells Fargo and Prestige Brands Holdings

For Immediate Release   Chicago, IL – April 29, 2014 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Barclays PLC (BCS–Free Report), Freddie Mac […]

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