Posts Tagged mortgage


Fannie Mae: Mortgage Bankers Plan is Too Complex, Too Reliant on Congress

 Fannie Mae: Mortgage Bankers Plan Is Complex And Relies Too Much On Congress By User:AgnosticPreachersKid (Own work) [CC BY-SA 3.0], via Wikimedia Commons Developed by ValueWalk Team

Read More...

Did Mnuchin Just Say Fannie? Buy, Buy

FNMA (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) preferreds are on a roll for now. FNMAS is now up from a low of $5.42 on April 7th to $6.97 at Friday’s close, +4.5% today on big volume of 4.5 million shares vs. average volume of 1.6 million shares. It still has a long way to go to […]

Read More...

Do Or Die Time For Freddie And Fannie Shareholders? – Fannie …

The government had asserted various privilege claims to keep confidential more than 11,000 FNMA (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) documents, arguing that the information in the emails, draft memos, and other documents would destabilize the economy. This secrecy was so unusual that the New York Times intervened with the Court of Federal Claims requesting documents’ […]

Read More...

Fannie-Freddie Overhaul Is ‘Very Important’ Goal, Mnuchin Says

Treasury Secretary Steven Mnuchin said overhauling the mortgage-finance system is “very important” to President Donald Trump’s administration and that officials are working with congressional leaders and other regulators to figure out what to do with mortgage-finance giants Fannie Mae and Freddie Mac. “We are committed to working with the House and the Senate on having […]

Read More...

Morgan Stanley Treasurer Celeste Mellet Brown to Leave for Fannie …

Morgan Stanley Treasurer Celeste Mellet Brown is leaving after 17 years at the firm to become deputy chief financial officer at Fannie Mae, according to people familiar with the matter. Ms. Brown, who will be taking the new job in June, will succeeded by John Ryan, a finance executive who has worked over the years […]

Read More...

Fannie Mae And Freddie Mac -A Big New Bubble Brewing In Las …

Spring is in the air signaling the start of homebuying season. But here in Las Vegas, buyers “are aplenty,” 1st Realty Group owner Thomas Blanchard tells the Las Vegas Review Journal, but “we just don’t have the properties to sell them.” It hardly seems possible, not enough homes for sale. After all, squatting in bank-owned […]

Read More...

Fannie-Freddie Plan Would Create Utilities, Add Competitors

Fannie Mae and Freddie Mac would be turned into shareholder-owned utilities and face competition from new companies under a trade group’s mortgage-finance overhaul plan that could eventually require about $200 billion in private capital. The Mortgage Bankers Association proposal released Thursday calls for the U.S. government to remain involved in the housing market, putting its […]

Read More...

Morgan Stanley Treasurer Celeste Mellet Brown to Leave for Fannie Mae

Morgan Stanley Treasurer Celeste Mellet Brown is leaving after 17 years at the firm to become deputy chief financial officer at Fannie Mae, according to people familiar with the matter. Ms. Brown, who will be taking the new job in June, will succeeded by John Ryan, a finance executive who has worked over the years […]

Read More...

Fannie Mae: Meaningful economic growth appears unlikely in 2017 …

Fannie Mae held its economic growth forecast steady in April at 2% for the year, saying policy changes that could result in meaningful economic growth seem unlikely for this year, according to the company’s economic and strategic research group’s April 2017 Economic and Housing Outlook. The outlook explains that while confidence among consumers and in […]

Read More...

Fannie Mae Sees Faster Fed Rate Hikes

Fannie Mae has moved its projected timeline for further Federal Reserve price hikes forward by several months.  The company’s Economic Strategic Research (ESR) Group points to an increase in the Fed’s favored measure of inflation, the personal consumption expenditures (PCE) deflator, which increased by 0.1 percent in February, bringing it 2.1 percent higher than a […]

Read More...