Archive for May, 2017


US Looks To Get Mortgage Giants Fannie And Freddie Out Of Conservatorship

AUDIE CORNISH, HOST: It’s been nearly nine years since Fannie Mae and Freddie Mac got into financial trouble and had to be placed in conservatorship. The mortgage giants needed a cash infusion of $188 billion, and they got it from the U.S. Treasury. The bailout worked. In fact, the government has so far netted $81 […]

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Freddie Mac May 2017 Outlook

The FINANCIAL — Freddie Mac on May 24 released its monthly Outlook for May, which analyzes why the U.S. housing market is on track to eclipse last year despite weak economic growth. Outlook Highlights Since March, mortgage rates have declined about a quarter of a percentage point to about four percent with little change. Expect […]

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Freddie Mac: Cash-out refinance activity highest since the bust

This years is shaping up to outpace expectations thanks to a resilience in refinance demand, especially when it comes to cash-out transactions. According to Freddie Mac’s May Economic and Housing Research Outlook report, 2017 is performing so well that its increased its 2017 forecast for mortgage originations by just over $200 billion and added $100 […]

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National Association of Realtors: Existing-home sales (and days on market) dropped in April

The March 2017 existing-home sales numbers from the National Association of Realtors (NAR) contained some hope that maybe (maybe!) inventory was about to normalize, with sales reaching their fastest seasonally adjusted annualized growth pace since February 2007. That hope was dashed with the release of NAR’s April numbers. Sales fell 2.3 percent from March’s rate, although […]

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Fannie Mae Prices $1 Billion Connecticut Avenue Securities Risk …

The reference pool for CAS Series 2017-C04 consists of more than 125,000 single-family mortgage loans with an outstanding unpaid principal balance of approximately $30.2 billion. The loans in this reference pool have original loan-to-value ratios between 80 and 97 percent and were acquired from October 2016 through December 2016. The loans included in this transaction […]

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Fannie Mae And Freddie Mac And Housing finance system

The first budget proposal of the Trump Administration has just two lines on the government sponsored enterprises, Fannie Mae and Freddie Mac, but those two lines speak volumes. On page 213, under the heading, “The Future of the GSEs,” the discussion reads, “The Administration has publicly expressed its desire to work with members of Congress […]

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After Complaints, Fannie Mae Will Stop Selling Homes to Vision …

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BRIEF-Freddie Mac issues monthly volume summary for April

May 23 Federal Home Loan Mortgage Corp * Freddie mac – total mortgage portfolio increased at an annualized rate of 0.5% in april * Freddie mac – single-family refinance-loan purchase and guarantee volume was $9.4 billion in april * Freddie mac – relief refinance mortgages comprised approximately 9% of total single-family refinance volume during april […]

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BRIEF-Freddie Mac announces pricing of $237.5 mln multifamily small balance loan securitization

May 23 Federal Home Loan Mortgage Corp * Freddie Mac announces pricing of $237.5 million multifamily small balance loan securitization * Freddie Mac says expects to guarantee about $237.5 million in multifamily SB certificates, which are anticipated to settle on or about may 30, 2017 Source text for Eikon: Further company coverage:

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Freddie Mac Portfolio Up 0.5 Percent

Freddie Mac’s total mortgage portfolio increased over the year, rising at an annualized rate of 0.5 percent between April 2016 and April 2017, according to the April Monthly Volume Summary released by Freddie Mac on Tuesday. Though the jump does mark year-over-year growth for the government-sponsored enterprise, April’s annual increase is significantly lower than March’s, […]

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