Movement on plans for an offering of shares from government-sponsored enterprises Fannie Mae and Freddie Mac is likely to be tabled until after the midterm elections, according to a Wedbush report. Processing Content “The only discussion we are expecting from the administration regarding these two until after the midterms, if at all, is around the […]
Fannie, Freddie share sale likely after midterms or later Read More »
Even if he was so-inclined to do so, President Trump might not be able to unilaterally release the government-sponsored enterprises from conservatorship because of the U.S. Supreme Court tariff ruling, a BTIG analyst report postulates. Processing Content Since Feb. 13, with the exception of Feb.18, mortgage rates have been under 6%, reaching 5.9% on Feb.
Tariff ruling could hamstring unilateral release of GSEs Read More »
Mortgage-backed securities purchases became the current focus of near-term plans for Fannie Mae and Freddie Mac due to lower-than-anticipated valuations for a planned stock offering, a housing official told Fox Business. Processing Content “Today some people say the businesses are worth up to $1 trillion. They’re worth $500 billion to $700 billion, we believe,” Federal
Trump’s $200B MBS plan set off by GSE valuation gap: Pulte Read More »
Freddie Mac posted lower fourth-quarter and full-year earnings as revenue slipped and credit costs climbed, even as lawmakers on Capitol Hill renewed debate over whether the company and Fannie Mae are anywhere close to having the capital needed to exit conservatorship. Processing Content Lower net revenues and a higher provision for credit losses drove a
Freddie profit falls; Congress pushes back on IPO Read More »
Trump administration officials respectively said Wednesday that Fannie Mae and Freddie Mac are “definitely ready” for a stock offering within a certain range and a conservatorship exit is an eventual goal. Processing Content Federal Housing Finance Agency Director Bill Pulte told Fox Business News that the GSEs could stage a secondary sale of 2.5-5% equity
GSE ‘IPO’ ready for 2.5-5% initial sale if Trump OKs: Pulte Read More »
A public stock offering for the government-sponsored enterprises remains on the table this year, but it is not the only path under serious consideration, according to Federal Housing Finance Agency Director Bill Pulte and industry survey results that align with NMN’s earlier reporting. Processing Content “There are very strong odds” of a GSE stock
Pulte: GSE stock move odds ‘strong,’ but ‘we don’t have to’ Read More »
As President Trump talks up ambitious housing initiatives at the World Economic Forum this week, a new Fannie Mae video ad circulating on social media, which features an AI-generated version of his voice, has a message for banks. Processing Content The AI voiceover in the ad, which was pinned to housing official Bill Pulte’s X
Trump administration ad hints at actions to widen credit box Read More »
Shares of Fannie Mae and Freddie Mac extended days-long losing streaks amid mounting unease about the impact of President Donald Trump’s policy moves on efforts to release the mortgage-finance giants from government control. Processing Content Fannie and Freddie common stock both sank around 10% in Friday trading to the lowest intraday levels since late November,
Fannie, Freddie stock woes deepen as IPO questions mount Read More »
Kenny Smith, a former Deloitte Consulting vice chairman is the new CEO of Freddie Mac, the company announced. He starts his new position on Dec. 17. Processing Content Michael Hutchins, who occupied the seat twice on an interim basis, will remain as Freddie Mac’s president. Hutchins had replaced Diana Reid after she was ousted in
Freddie Mac appoints Kenny Smith as latest CEO Read More »
Fannie Mae and Freddie Mac have added billions of dollars of mortgage-backed securities and home loans to their balance sheets in recent months, fueling speculation that they’re trying to push down lending rates and boost their profitability ahead of a potential public offering. Processing Content The government-backed housing-finance giants increased their retained portfolios — the
Fannie, Freddie quietly add billions to mortgage-bond portfolios Read More »