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How Fannie and Freddie Prop Up America's Favorite Mortgage

  • How Fannie and Freddie Prop Up America's Favorite Mortgage How Fannie and Freddie Prop Up America's Favorite Mortgage 4:29
1:24 p.m. Today - By Joy Wiltermuth
Lending standards to slide for homeowners with spotty credit, Moody’s warns in 2020 outlook U.S. housing market ‘resembles that of a fixer upper,’ say JPMorgan analystsShrinking home affordability and increased competition among lenders are poised to lead to lower loan standards for homeowners with less-than-stellar credit, Moody’s warns in year-ahead mortgage bond outlook.
7:52 a.m. Today - By Edward J. Pinto
To solve the problem of unaffordable entry-level housing, abolish single-family zoning Allowing 2-, 3- and 4-family structures amid single-family homes could add 10% to today’s housing stockAllowing 2-, 3- and 4-family structures amid single-family homes could add 10% to today’s housing stock.
4:37 a.m. Dec. 7, 2019 - By Jacob Passy
Mortgage rates hold steady, but economists say don’t expect that to last Mixed economic data meant that interest rates on home loans remained unchanged this weekMixed economic data meant that interest rates on home loans remained unchanged this week.
11:26 a.m. Dec. 6, 2019 - By Joy Wiltermuth
U.S. government bond yields end higher after big gains in new jobs Nov. adds 266,000 jobs, unemployment at 50-year low of 3.5%U.S. Treasury yields closed higher Friday after data from the Labor Department showed the U.S. created 266,000 new jobs in November, more than expected and the biggest monthly gain since January.
Fannie Mae stock price target cut to $2 from $3 at B. Riley FBR
2:48 a.m. Dec. 6, 2019
2:11 p.m. Dec. 3, 2019 - Barrons.com
The Maximum Mortgage Limit Increased for the Fourth Straight Year. Why That Could Be a Bad Sign. The Federal Housing Finance Agency has raised the maximum conforming-loan limit to as high as $765,600 in some markets.
4:14 a.m. Dec. 3, 2019 - By Jacob Passy
Fannie Mae, Freddie Mac will soon let borrowers take out mortgages over $500K The Federal Housing Finance Agency has raised the maximum conforming loan limit for the fourth straight yearThe Federal Housing Finance Agency has raised the maximum conforming loan limit for the fourth straight year.
12:24 p.m. Nov. 26, 2019 - By MarketWatch
The surprising thing about Amazon founder Jeff Bezos and his divorce and 3 reasons not to do your holiday shopping on your smartphoneTuesday's Personal Finance Stories Tuesday’s Personal Finance Stories Tuesday’s Personal Finance Stories Tuesday’s Personal Finance Stories
4:07 a.m. Nov. 23, 2019 - By Keith Jurow
This home mortgage disaster is ready to punish housing markets Cash-out refinancing is popular again — and still dangerousCash-out refinancing is popular again — and still dangerous, writes Keith Jurow.
5:07 a.m. Nov. 21, 2019 - By Jacob Passy
Elizabeth Warren and Tom Steyer want to build millions of homes — where the 2020 presidential candidates stand on affordable housing For the first time this election cycle, the Democratic candidates for president discussed the nation’s affordable housing crisis during a debateFor the first time this election cycle, the Democratic candidates for president discussed the nation’s affordable housing crisis during a debate.
8:40 a.m. Nov. 18, 2019 - By Joy Wiltermuth
The Fed is buying billions of mortgage bonds — here’s why it matters Fed’s goal is to eventually shed its MBS holdingsThe Federal Reserve is back to buying billions worth of mortgage bonds each month, but here’s why that doesn’t mean the central bank is stockpiling more of this type of debt on is balance sheet.
4:47 a.m. Nov. 5, 2019 - By Jacob Passy
Down-payment assistance may not make borrowers more likely to default on their mortgages, after all Previous research suggested down-payment assistance increased the odds of borrowers defaulting on their home loanPrevious research suggested down-payment assistance increased the odds of borrowers defaulting on their home loan.
11:48 a.m. Nov. 2, 2019 - By Jacob Passy
Borrowers won’t be left behind as Fannie and Freddie privatize, regulator says For the first time, the Federal Housing Finance Agency called on Fannie Mae and Freddie Mac to strategize exits from conservatorshipFor the first time, the Federal Housing Finance Agency called on Fannie Mae and Freddie Mac to strategize exits from conservatorship.
9:50 a.m. Nov. 2, 2019 - By Rachel Koning Beals
Banks increasingly unload flooded-out mortgages at taxpayer expense Climate change could impact your mortgage even if you live nowhere near a coast, a research paper findsSome banks are cutting their own climate-change exposure by selling riskier disaster-area mortgages to taxpayer-supported entities.
5:18 a.m. Oct. 26, 2019 - By Jacob Passy
Regulator says government will ‘wipe out’ Fannie Mae and Freddie Mac shareholders if needed The comment came during a congressional hearing regarding the Trump administration’s housing finance reform plansThe comment came during a congressional hearing regarding the Trump administration’s housing finance reform plans.
1:19 a.m. Oct. 8, 2019 - By Brett Arends
Meet the quiet Christian money manager who’s comfortably beating the market Mark Mulholland tells MarketWatch he set up a mutual fund, Matthew 25, after a homeless man quoted a section of that gospel from the bibleMark Mulholland tells MarketWatch he set up a mutual fund, Matthew 25, after a homeless man quoted a section of that gospel from the bible.
4:12 a.m. Oct. 7, 2019 - By Keith Jurow
This widening crack in the mortgage market could sink U.S. home prices Re-defaults on already modified mortgages are a threat to homeownersRe-defaults on already modified mortgages are a threat to homeowners, writes Keith Jurow.
3:05 a.m. Oct. 5, 2019 - Barrons.com
This Crack in the Mortgage Market Could Sink U.S. Home Prices Re-defaults on already modified mortgages are a threat to homeowners
4:40 a.m. Sept. 30, 2019 - By Andrea Riquier
Fannie, Freddie can hold more capital, per Treasury-FHFA agreementFannie Mae and Freddie Mac , the mortgage guarantors under government control, will hold higher levels of capital, according to an agreement between the Treasury Department and their regulator. The enterprises had been required to send all their profits to Treasury after a 2012 agreement, but an amendment in 2017 allowed them to retain a slim capital buffer of $3 billion each. The additional capital is one of several steps recommended by Treasury as a way forward for the housing finance system and may be a precursor to a new capital raise for the enterprises. Fannie will retain $25 billion and Freddie $20 billion. Shares of both companies are up more than 200% in the year to date.
5:04 a.m. Sept. 26, 2019 - By Victor Reklaitis
Many legislative efforts in Washington ‘were already effectively dead,’ and impeachment push doesn’t change that, analyst says Top House Republican blasts Pelosi for focusing on impeachment rather than key issues before CongressIf you had any hopes that Congress would have big accomplishments on gun control or other key issues this year, they probably have been dashed by the impeachment effort launched by House Speaker Nancy Pelosi, according to one analyst.
4:20 a.m. Sept. 18, 2019 - By Jacob Passy
Home-builder confidence rises, despite growing concerns about the economy The median square footage of new single-family construction fell 4.3% in the second quarterThe median square footage of new single-family construction fell 4.3% in the second quarter.
9:38 a.m. Sept. 16, 2019 - By Jacob Passy
FHFA says Fannie and Freddie must direct over one-third of multifamily loans towards affordable housing The Federal Housing Finance Agency expands multifamily lending caps for the two government-controlled organizations Over a third of the multifamily loans the two firms purchase must now be directed toward affordable housing.
4:59 a.m. Sept. 14, 2019 - By Steve Goldstein
Gundlach sees 75% recession chance, has a warning about the corporate bond market Fixed-income-investing notable sees neither Trump nor China as willing to agree to a trade dealJeffrey Gundlach on Thursday struck a pessimistic tone, saying there was a 75% chance of a recession before the next election as he warned the corporate bond market was a crisis waiting to happen.
7:11 p.m. Sept. 13, 2019 - By Jacob Passy
5 major changes the Trump administration wants to make to housing finance Creating competitors to Fannie Mae and Freddie Mac, and loosening mortgage regulations are among the proposed reformCreating competitors to Fannie Mae and Freddie Mac, and loosening mortgage regulations are among the proposed reform.
1:14 p.m. Sept. 12, 2019 - Barrons.com
Gundlach Predicts a 75% Chance of Recession Before the Next Election Fixed-income-investing notable sees neither Trump nor China as willing to agree to a trade deal
3:56 a.m. Sept. 11, 2019 - By Jacob Passy
Housing finance reform battle lines drawn in Senate hearing There’s bipartisan support for reforming Fannie and Freddie — but not as much agreement on how to approach affordable housingThere’s bipartisan support for reforming Fannie and Freddie — but not as much agreement on how to approach affordable housing.
Fannie Mae stock price target raised to $3 from $2 at B. Riley FBR
3:08 a.m. Sept. 11, 2019
4:21 p.m. Sept. 10, 2019 - By Jacob Passy
The surprising ways foreclosures make housing-market downturns even worse Foreclosures caused by a burst housing bubble have many long-term consequences for the housing marketForeclosures caused by a burst housing bubble have many long-term consequences for the housing market.
11:26 a.m. Sept. 9, 2019 - By Chris Matthews
Dow logs longest win streak in 8 weeks but other indexes slip as tariff, growth woes linger AT&T shares rise 1.5% on Elliott Management planThe Dow books its fourth gain in a row on Monday but the broader market notch slight losses as investors looked ahead to European Central Bank and the Federal Reserve monetary policy moves,
Fannie Mae's stock soars 21% to highest price seen since October 2017
4:36 a.m. Sept. 9, 2019
Fannie Mae's stock extends gain, soars 25% in premarket trading
3:59 a.m. Sept. 9, 2019
3:41 a.m. Sept. 9, 2019 - By Tomi Kilgore
Fannie, Freddie stocks soar after Mnuchin says deal is close to end profit sweepShares of Fannie Mae and Freddie Mac both shot up 14% in premarket trading Monday, after Treasury Secretary Steven Mnuchin said on Fox Business that an agreement between the Treasury and the Federal Housing Finance Agency soon that ends the Fannie and Freddie profit sweep. Mnuchin said the deal would allow the government-sponsored enterprises to begin retaining earnings. Fannie's stock tumbled 8.8% on Friday and Freddie's shares shed 8.2% after the Trump administration , which included a recapitalization and of the GSEs. Fannie shares have rallied 79.5% and Freddie's stock has climbed 71.3% over the past 12 months, while the S&P 500 has gained 3.7%.
Fannie Mae's stock soars 14% premarket after Mnuchin says on Fox expect Treasury to soon end profit sweep
3:30 a.m. Sept. 9, 2019
3:43 p.m. Sept. 6, 2019 - Barrons.com
Mallinckrodt Shares Near Penny-Stock Status as Troubles Mount The stock collapses on lawsuits involving the drugmaker’s pricing policy, sales practices, and opioid business. Now Bloomberg says it has hired restructuring advisers.
9:20 a.m. Sept. 6, 2019 - By Tomi Kilgore
Fannie Mae, Freddie Mac stocks sink after Trump administration's plan unveiled; Moody's says it's credit negativeShares of Fannie Mae plunged 12.3% and Freddie Mac plummeted 11.4% in afternoon trading Friday, after the , including recapitalization and ending the conservatorship of Fannie and Freddie. "Although Treasury does not believe a government guarantee is required, Treasury would support legislation that authorizes an explicit, paid-for guarantee backed by the full faith and credit of the Federal Government that is limited to the timely payment of principal and interest on qualifying mortgage-backed securities," the Treasury Department said. Moody's analyst Warren Kornfeld said he Treasury's proposals are "credit negative" for the government-sponsored enterprises' (GSE) unsecured creditors, as the reduction in the GSE's systemic importance wold reduce the likelihood of government support. Moody's rates Fannie's and Freddie's long-term senior unsecured debt at Aaa. Thursday's selloff in Fannie and Freddie shares come after both more than doubled year to date, with Fannie's stock up 145.8% and Freddie's up 134.0% this year. In comparison, the Dow Jones Industrial Average rose 14.8% year to date.
7:25 a.m. Sept. 6, 2019 - Barrons.com
Trump Plan to Overhaul Fannie and Freddie Fails to Impress the Market Stocks of both mortgage guarantors were down by percentages in the double digits on Friday.
4:39 a.m. Sept. 6, 2019 - By Jacob Passy
Trump administration plan to overhaul housing finance system calls for more private sector involvement Priorities include recapitalizing Fannie Mae and Freddie Mac and ending their conservatorshipPriorities include recapitalizing Fannie Mae and Freddie Mac and ending their conservatorship.
3:40 a.m. Sept. 6, 2019 - By Steve Goldstein
Why silver may have more room to run Critical information for the U.S. trading dayThe downturn in global economic confidence has spelled good times for silver. Can it continue?
12:28 p.m. Sept. 5, 2019 - By Andrew Ackerman
Trump administration backs privatizing Fannie Mae and Freddie Mac Announcement is major reversal from what both parties had promised for yearsThe Trump administration said it would support returning mortgage-finance giants Fannie Mae and Freddie Mac to private hands, a development that could keep the companies at the center of the housing market for decades to come.
9:51 a.m. Sept. 4, 2019 - By Joy Wiltermuth
Why are green housing bonds not getting more love from ESG investors? A lot will hinge on Freddie, Fannie privatization planLandlords can take out green apartment loans to retrofit aging U.S. housing stock and lighten its environmental footprint, but Canter Fitzgerald analysts say bonds of those loans don’t really achieve better pricing, even though they should.
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