Fannie Mae

Why Do People Own Fannie And Freddie? (Podcast)

The Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) scandal is the definition of a “special situation“ investment. Upside reward could be a …

Business

Mortgage investors don't seem worried about Fed's exit

Mortgage investors aren't worried about the Federal Reserve's upcoming exit from mortgage-backed securities because they think the Fed will come back …

Federal Reserve

Fannie Mae takes rosier view of U.S. economic growth thanks to business spending

Fannie Mae (OTCQB:FNMA) now sees U.S. economic growth at 3.0% this year, up from its prior view of 2.8% on the premise that inventory restocking will …

Real Estate

U.S. Fed buys $1.8 billion of mortgage bonds, sells none

NEW YORK (Reuters) - The Federal Reserve bought $1.782 billion of agency mortgage-backed securities in the week from Aug. 9 to Aug. 15, compared with $1.735 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday.<p>In a move to help the housing market begun in October …

Mortgage-Backed Securities

Fannie Mae, Freddie Mac offer home loans for 3% down

Fannie Mae and Freddie Mac announced new products for homebuyers on a budget.<p>For just a 3 percent down payment, certain consumers can now get a loan from both government-sponsored lenders for a home purchase or refinance transaction, which means the agency will finance up to 97 percent …

Real Estate

U.S. Pursues One of the Biggest Mortgage-Fraud Probes Since the Financial Crisis - WSJ

Owners of an apartment complex near Pittsburgh, who wanted to take out a mortgage on the buildings, allegedly made vacant units look occupied by turning on radios, placing shoes and mats outside doors and in one instance having a woman tell inspectors her boyfriend was asleep inside.<p>The owners …

Real Estate

Home builders souring on housing market?

Home builders’ confidence in the U.S. housing market edged lower in August as builders reported strong demand but also expressed concerns that rising prices loom as a potential threat to sales.<p>Builder confidence edged down to 67 in August on the National Association of Home Builders/Wells Fargo …

Real Estate

Bill Ackman has a new (undisclosed) large position

Speaking on the earnings call for Pershing Square (OTCPK:PSHZF), Bill Ackman says his fund has a new investment representing about 10% of his …

Freddie Mac

Fannie Mae program targets home buyers with three percent down payment

Real Estate

Libor's Heir Presumptive Prepared to Take on Bank Bond Market

The heir presumptive to dollar Libor is gaining traction with debt issuers and banks may be ready to sell floating-rate notes linked to it within …

World Bank

Police searching for missing Prattville woman

Prattville police are searching for a woman who has not been seen since she left her home in Prattville Sunday afternoon.<p>Fannie Mae Robinson left her …

Crime

Ten Years and One Month Ago at Grasping Reality: July 12-14, 2008

<i>BBC Reality TV?</i>: Andrew Samwick: "A News Program or Reality TV? | Capital Gains and Games: I agree with Stan—this post by Brad DeLong about his …

Freddie Mac

Fannie Mae starts eighth sale of reperforming loans

Fannie Mae (OTCQB:FNMA -0.6%) starts marketing its eighth sale of reperforming loans as part of its plan to reduce the size of its retained mortgage …

Real Estate

New loan programs target home buyers with just 3% down—or less

This article is reprinted by permission from NerdWallet.<p>For years, the Federal Housing Administration was the king of the low-down-payment mortgage …

Real Estate

Bank of America Says Pump the Brakes on Structured-Credit Risk

Signals are flashing red in the structured credit market, according to Bank of America.<p>Credit analysts at the bank are warning that structured credit …

Bank of America

The good – and bad – on escrow account-free mortgages

WASHINGTON — Do you really need an escrow account attached to your mortgage? Aren’t you capable of remembering when it’s time to pay tax and …

Real Estate

There are many investors that still do not know that Fannie Mae requiresadditional reserves from borrower’s that have more than one financedproperty.The Old req

There are many investors that still do not know that Fannie Mae requires<p>additional reserves from borrower’s that have more than one …

Real Estate

Romantic relationship triggers second rebuke for Fannie Mae CEO

Fannie and FHFA are again defending Mayopoulos against the watchdog’s latest allegations.<p>A government watchdog has rebuked the outgoing CEO of mortgage-finance giant Fannie Mae for failing to fully disclose potential conflicts arising from his romantic relationship with an executive at another …

U.S. Politics

Fake employer mortgage fraud widespread in California, Fannie warns

A mortgage fraud scheme involving fake employment records, initially thought to be contained to Southern California, is occurring statewide, Fannie …

Los Angeles

Fannie, Freddie could need $78B in crisis: FHFA

The mortgage giants Fannie Mae and Freddie Mac would have to draw as much as $78 billion in the event of a serious economic crisis, according to …

Freddie Mac

House panel plans FHFA oversight hearing, invites Watt to testify

The House Financial Services Committee has scheduled an FHFA oversight hearing for September in the wake of waste, fraud and abuse allegations.

Corruption

Making Mortgages More “Affordable” for Millennials

The Level 1 article in the August SMI newsletter touches on the topic of making an entire mortgage down payment with money received as a gift. Making …

Real Estate

Joshua Johnson And 1A Moves To 9 - 11 a.m., The Takeway Airs Moves To 11 a.m.

Starting next Monday, August 13th, the show <i>1A</i> with Joshua Johnson will be moving to 9 a.m. following NPR's Morning Edition. <i>The Takeaway</i> with Tanzina …

Colorado Springs

On immigration, the GOP is the grown-up party | Opinion

A while ago, I read a piece written by a female immigrant extolling the benefits to her family due to chain migration.<p>The Trump administration’s …

Protest

Escrow-free loans: money-saver or major credit risk?

Do you really need an escrow account attached to your mortgage? Aren’t you capable of remembering when it’s time to pay tax and insurance bills? These questions suddenly are more controversial than you might guess.<p>A new program offered by one of the country’s highest-volume lenders allows a wide …

Real Estate

UPDATE 1-Fannie Mae profit rises, to pay U.S. Treasury $4.5 bln

(Adds details on earnings, executive comments, background)<p>Aug 2 (Reuters) - Fannie Mae said on Thursday its earnings rose in the second quarter from …

Freddie Mac

Fannie Mae profit rises, to pay U.S. Treasury $4.5 bln

(Adds details on earnings, executive comments, background)<p>Aug 2 (Reuters) - Fannie Mae said on Thursday its earnings rose in the second quarter from …

Freddie Mac

Fannie Mae expects to pay $4.5B to U.S. Treasury

Fannie Mae (OTCQB:FNMA) reports Q2 net income of $4.5B, up from $4.3B earned in Q1 and expects to pay a $4.5B dividend to the U.S. Treasury by Sept. …

Business

Freddie Mac to issue 55-day `mirror' securities to prepare for single security

Freddie Mac (OTCQB:FMCC -1.9%) will start issuing new 55-day "mirror" mortgage-backed securities in a step that will eventually lead to a combined …

Freddie Mac

Berkowitz's Fairholme Fund Reduces Fannie Mae-Freddie Mac Stakes

Investor Bruce Berkowitz, one of the major holders of Fannie Mae and Freddie Mac preferred shares, has reduced his stakes in the two U.S.-controlled …

Freddie Mac