Tag Archives: Fannie Mae

After seeing fairly little change in October, Fannie Mae's total Book of Business posted significant growth in November.

Keefe, Bruyette & Woods (KBW), a boutique investment bank and broker-dealer, is predicting "more of the same" for the mortgage market in 2013.

Fannie Mae and Freddie Mac may have lost billions of dollars as a result of borrowing rate manipulation.

The Mortgage Bankers Association (MBA) has assembled a GSE Single Family Task Force to revisit the association's 2009 proposal for the future of the secondary market and to further discourse on this topic. The task force will work in two phases. First, they will review the 2009 position and determine potential issues during a transition. Next, they will put together a "roadmap" for the transition.

After rising economic growth in the third quarter, overall economic growth is expected to decline this quarter and in early 2013, according to Fannie Mae. However, the GSE anticipates further strengthening in the housing market. Economists anticipate economic growth of less than 2 percent for the first half of 2013 followed by more accelerated growth for the remainder of the year. However, while the overall economy remains dismal, Fannie's economists finds a bright spot in the housing market.

Edward DeMarco's days directing the Federal Housing Finance Agency (FHFA) may be numbered, according to a report from The Wall Street Journal. "People familiar with the discussions" told The Wall Street Journal the White House is preparing to nominate a new director. According to those sources, administration officials are still in the process of gathering names for potential nominees. DeMarco has no shortage of nemeses both in and out of Washington, though he's not without supporters.

The Federal Housing Finance Agency (FHFA) isn't doing enough to monitor compensation for senior professionals at Fannie Mae and Freddie Mac, the Office of the Inspector General (FHFA-OIG) suggests in a new report. According to the report, senior professionals (classified as VPs and directors) earned a collective $455 million in 2011. The median cash compensation for the Enterprises' total 333 VPs was $388,000, while the median pay among the 1,650 director positions was $205,300.

After a quarter of growth, Fannie Mae's total Book of Business remained essentially flat in October.

Freddie Mac may ramp up repurchase demands with intentions to begin including mortgage loans made in 2004 and 2005 in its repurchase reviews.

Homeowners facing foreclosure will find a brief respite during this year├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós holiday season.