Fannie Mae and Freddie Mac investors made some careful moves after Monday’s court decision between American International Group (AIG) and the GSEs. The share of the GSE’s stock went up about 9 percent before dropping back down, however, Monday’s ruling may not necessarily mean good news for shareholders, according to multiple media reports.
Read More »Fifth STACR of 2015 Priced at $950 Million After RMBS Deal of the Year Award
Less than one week after Freddie Mac's Structured Agency Credit Risk (STACR) debt notes received the RMBS Deal of the Year award from Global Capital, Freddie Mac announced the pricing of the fifth STACR offering of 2015 on Monday.
Read More »The 30-Year Fixed-Rate Mortgage Rises Above 4 Percent
In response to the positive Bureau of Labor Statistics (BLS) employment data released on Monday, the 30-year fixed-rate mortgage rose above four percent this week for the first time since November 2014. Freddie Mac’s Primary Mortgage Market Survey (PMMS), revealed that the average fixed mortgage rates averaged 4.02 percent for the week ending June 11, 2015.
Read More »Senators Request Information from FHFA Concerning Credit Risk Transfers
A bipartisan group of Senate Banking Committee members wrote a letter to the Federal Housing Finance Agency (FHFA) requesting that the agency expand and provide better transparency of the development of the credit risk transfer programs. These programs shift credit risk from Fannie Mae and Freddie Mac to the private sector, according to a press release.
Read More »Former Flagstar SVP Hired as VP and Chief Economist for Freddie Mac
Freddie Mac recently announced that Sean Becketti, an executive with broad experience in the private sector, government, and academia was selected to be VP and chief economist for the GSE, according to a press release. In his role as chief economist, he will be expected to lead a team that forecasts mortgage and housing market trends and conducts analysis and research on economic and policy issues affecting Freddie Mac.
Read More »Texas and Oklahoma Borrowers to Receive Disaster Relief From Freddie Mac
In the wake of the recent storm disaster that swept through Texas and Oklahoma in late May, Freddie Mac, one of the largest investors in residential mortgages, announced today in a press release that it will provide disaster relief polices for eligible residents. These policies are being offered to homeowners whose home were damaged or destroyed due to the incessant storms that affected these areas.
Read More »Fitch Ratings: SHFA MBS Pass-Through Bonds Report Updated
Fitch Ratings has released a sector-specific report for rating state housing finance agency (SHFA) bonds secured, on a pass-through basis, primarily by mortgage-backed securities (MBS) called "State Housing Finance Agencies: MBS Pass-Through Bond Rating Criteria." This report will replace the September 2014 state housing finance agency Fitch rating report.
Read More »Strong Buyer Demand Driving Nearly 80 Percent of Top 100 U.S. Housing Markets
The Multi-Indicator Market Index (MiMi) released monthly by Freddie Mac, revealed today that the housing market is continuing to stabilize with the most improving metro markets seeing stronger demand for home sales for the spring homebuying season.
Read More »Mortgage Applications Down; Mortgage Rates Experience Slight Decrease
The Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey found that mortgage applications are down 1.5 percent from last week. Freddie Mac also released the results of its Primary Mortgage Market Survey (PMMS), revealing that the average fixed mortgage rates moved just slightly lower following three consecutive weeks of increases.
Read More »FHFA Issues New Seller, Servicer Eligibility Requirements
The Federal Housing Finance Agency (FHFA) recently announced in a news release that Fannie Mae and Freddie Mac will issue new operational and financial eligibility requirements for all current and potential single-family mortgage sellers and servicers.
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