Apply Online
Schedule a Call

The Great American Mortgage Corporation

Fannie Mae names Akwaboah acting CEO, replacing Almodovar

Fannie Mae names Akwaboah acting CEO, replacing Almodovar

Career moves, Politics and policy, Secondary markets, The Great American Mortgage Corporation /

Fannie Mae Chief Operating Officer Peter Akwaboah has added the acting CEO title following the departure of Priscilla Almodovar, the company announced late Wednesday afternoon. Akwaboah, a former Morgan Stanley executive, came on board at Fannie in February 2024. In addition, John Roscoe and Brandon Hamara have been named as co-presidents of the government-sponsored enterprise.  […]

Fannie Mae names Akwaboah acting CEO, replacing Almodovar Read More »

Pulte: GSE stock offering ‘as early as the end of 2025’

Politics and policy, Secondary markets, The Great American Mortgage Corporation /

A potential government-sponsored enterprise stock offering President Trump and his team have been “opportunistically evaluating” could be done on a near-term basis, US Federal Housing Director Bill Pulte confirmed late Monday. That offering for an entity that Pulte and Trump have called the Great American Mortgage Corporation “could be as early as the end of

Pulte: GSE stock offering ‘as early as the end of 2025’ Read More »

FHFA seeks comment on new strategic plan for GSEs

Capital markets, Mortgage technology, Politics and policy, Secondary markets, The Great American Mortgage Corporation /

A government-sponsored enterprise oversight agency floated a new strategic plan on Wednesday that includes an emphasis on the supply side of the housing market in one portion of three overarching goals. US Federal Housing will be collecting comments through Nov. 5 on the new plan for its operations, two GSEs it oversees that are in

FHFA seeks comment on new strategic plan for GSEs Read More »

Pulte responds to Democrats on FHLBs, meeting transparency

FHFA, Politics and policy, Secondary markets, The Great American Mortgage Corporation /

A key Republican housing regulator’s responses to an inquiry from Sen. Catherine Cortez Masto, D-Nev., on the status of several Federal Home Loan Bank reforms suggests few are likely to move forward.  Federal Housing Finance Agency Director Bill Pulte, who oversees the Federal Home Loan Banks, said in a letter to the senator posted on

Pulte responds to Democrats on FHLBs, meeting transparency Read More »

Trump calls on Fannie Mae, Freddie Mac to boost homebuilders

Fannie Mae, Freddie Mac, Homebuilders, Housing Inventory, Politics and policy, The Great American Mortgage Corporation /

President Donald Trump called on Fannie Mae and Freddie Mac to boost homebuilders and help “restore the American Dream” in a Truth Social post on Sunday. The president said large homebuilders are sitting on 2 million empty lots, and compared the situation to the Organization of the Petroleum Exporting Countries keeping oil prices high before

Trump calls on Fannie Mae, Freddie Mac to boost homebuilders Read More »

FHFA floats new housing goals amid broader proposal review

Originations, Politics and policy, Secondary markets, The Great American Mortgage Corporation /

Fannie Mae and Freddie Mac could change how they approach affordable housing goals next year if their oversight agency’s new affordable-housing goal proposal moves forward. Some of the proposed benchmarks the Federal Housing Finance Agency published Thursday aren’t as high as those from a year ago and shift away from competitive efforts to serve low-income

FHFA floats new housing goals amid broader proposal review Read More »

How potential changes to the GSEs could affect mortgage rates

GSE Reform, Mortgage Rates, Originations, Politics and policy, Secondary markets, Servicing, The Great American Mortgage Corporation /

Some government-sponsored enterprise reform models could add three or four figures to monthly payments, but others could exert some limited downward pressure, a Stanford Institute for Economic Policy Research report finds. Estimated mortgage-rate hikes of 0.2% to 0.8% — an additional $500 to $2,000 for the typical homebuyer — could result in certain scenarios, authors

How potential changes to the GSEs could affect mortgage rates Read More »

Panel eyes GSEs’ guarantee as public offering talks progress

Capital markets, Politics and policy, Secondary markets, The Great American Mortgage Corporation /

The value of government-sponsored enterprises’ Fannie Mae and Freddie Mac stems from their mortgage-market role and experts at a Bipartisan Policy Center event at times took varying stances on what it would take to preserve and protect that position amid reform. The panel’s comments arrived ahead of Federal Housing Finance Agency Director Bill Pulte’s ongoing

Panel eyes GSEs’ guarantee as public offering talks progress Read More »

Freddie Mac appoints financial attorney as general counsel

Freddie Mac appoints financial attorney as general counsel

Career moves, GSEs, Industry News, The Great American Mortgage Corporation /

Freddie Mac announced the appointment of a new general counsel, whose hiring comes amid ongoing speculation about the future of the government-sponsored enterprises.  The GSE this week named Matthew D. Abrusci executive vice president, general counsel and corporate secretary. With a career across banking, capital markets and securities law, Abrusci joins Freddie Mac after recently

Freddie Mac appoints financial attorney as general counsel Read More »

Enterprises’ NPL sales reduce bad assets to a 9-year low

Capital markets, Distressed, Fraud, Secondary markets, Servicing, The Great American Mortgage Corporation /

Two large government-related investors saw their annual nonperforming-loan sales reverse course and resume an upward trend for the first time since 2021, adding to signs that more distressed mortgages are slowly making their way to market as pandemic restrictions get lifted. The number of NPLs Fannie Mae and Freddie Mac sold in 2024 rose to

Enterprises’ NPL sales reduce bad assets to a 9-year low Read More »