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The Great American Mortgage Corporation

Why MBA is renewing opposition to a Fannie-Freddie merger

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

The Mortgage Bankers Association’s chief issued a reminder of why it has opposed merging two influential government-sponsored loan buyers as federal officials signaled momentum in pursuing a public offering. “Creating a government-conferred monopoly would diminish innovation, degrade service to market participants and heighten systemic risk,” MBA President and CEO Bob Broeksmit said in a blog […]

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GSE talks revive push for 30-year loan changes

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

The 30-year mortgage without a prepayment penalty has long been standard in the U.S., but the latest round of GSE reform has some former officials questioning it. The debate has new relevance given that two influential GSE loan buyers that have been in government conservatorship are now exploring potential restructuring with industry input. Many housing

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Fannie, Freddie get first bull on Wall Street in Deutsche Bank

Fannie Mae, Freddie Mac, The Great American Mortgage Corporation /

Federal National Mortgage Association and Federal Home Loan Mortgage Corp. received their first buy recommendation from Wall Street on Thursday, as Deutsche Bank said the stocks’ dizzying rally can go further on expectations the mortgage giants will possibly be released from government control in the near future. Fannie Mae shares have jumped more than 320%

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How Fannie Mae, Freddie Mac release could change mortgage costs

Fannie Mae, Freddie Mac, GSE Reform, GSEs, The Great American Mortgage Corporation /

Enjoy complimentary access to top ideas and insights — selected by our editors. A number of observers have speculated about how the prospective release of Fannie Mae and Freddie Mac from government conservatorship will impact the residential mortgage market and mortgage loan costs. The good news is that the two GSEs will benefit dramatically from

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KBW lowers its Fannie Mae, Freddie Mac profit projections

Earnings, Secondary markets, The Great American Mortgage Corporation /

Keefe, Bruyette & Woods, while still expecting robust profits from Fannie Mae and Freddie Mac, has dimmed its outlook on both companies’ earnings per share potential as probabilities for a release from conservatorship increase. The stock rating for both are, and will remain at, underperform. KBW, in its fine-tuning of the earnings models, reduced earnings

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CHLA presses Trump team on Fannie, Freddie future

Fannie Mae, Freddie Mac, GSEs, Industry News, Politics and policy, The Great American Mortgage Corporation /

The Community Home Lenders of America is calling for nonbank lender support as it emphasizes the importance of mortgage industry input in any federal decision-making regarding the future of Fannie Mae and Freddie Mac.  The group representing small and mid-sized independent mortgage banks made its wishes known in a letter this week to Treasury Secretary

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Fannie, Freddie IPO awaits Trump’s decision on timing

Fannie Mae, Freddie Mac, GSEs, The Great American Mortgage Corporation /

A public offering of Fannie Mae and Freddie Mac shares hinges on when Donald Trump decides the government can fetch the highest price, their regulator said Thursday. Trump “has not made any decision” on when one will occur, Bill Pulte told Maria Bartiromo on  Fox Business Network Thursday morning, when she asked whether one could

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