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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.
12:28 p.m. Today - Barrons.com
Green Bonds Are Such a Big Deal, One Exchange Thinks It’s Important to Make Them Easier to Trade US stock exchange wants to give fund managers more information when they invest.
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.
Freddie Mac started at neutral with $2 stock price target at B. Riley FBR
2:49 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.
6:23 a.m. Nov. 27, 2019 - By Jacob Passy
Mortgage rates increased over the last week — and that could put a damper on the housing market The real-estate market has been slow to respond to the low interest rate environment, and rates appear to be on an upward trajectoryThe real-estate market has been slow to respond to the low interest rate environment, and rates appear to be on an upward trajectory.
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
5:01 a.m. Nov. 23, 2019 - By Jacob Passy
Mortgage rates continue to seesaw — and this week they fell Lately whenever mortgage rates go up, they soon come back down againLately whenever mortgage rates go up, they soon come back down again.
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.
5:44 a.m. Nov. 16, 2019 - By Jacob Passy
Mortgage rates are increasing again — so why did more people apply for home loans? On average, the 30-year fixed-rate mortgage now comes with a rate of 3.75%On average, the 30-year fixed-rate mortgage now comes with a rate of 3.75%.
4:19 a.m. Nov. 9, 2019 - By Rachel Koning Beals
Climate change will break the housing market, says David Burt, who predicted the 2008 financial crisis Burt’s Cornwall Capital was player in the book ‘The Big Short’ Risk to the housing market from underestimated climate change — and a chance to capitalize on these miscalculations — echoes lessons from the 2008 subprime-mortgage debacle.
6:20 a.m. Nov. 8, 2019 - By Jacob Passy
Mortgage rates fall after 3 straight weeks of increases Rates had risen in recent weeks as a more optimistic picture of the U.S. economy emergedRates had risen in recent weeks as a more optimistic picture of the U.S. economy emerged.
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.
5:43 a.m. Nov. 2, 2019 - By Jacob Passy
Mortgage rates increase again — even though the Fed just cut interest rates It’s the first time since April that mortgage rates have increased for three straight weeksIt’s the first time since April that mortgage rates have increased for three straight weeks.
1:05 a.m. Nov. 1, 2019 - Barrons.com
Mortgage Rates Increase Again — Despite Fed Rate Cut It’s the first time since April that mortgage rates have increased for three straight weeks
9:10 a.m. Oct. 26, 2019 - By Jacob Passy
Mortgage rates rise to highest level since August Nevertheless, affordability may be improving for home buyersNevertheless, affordability may be improving for home buyers.
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.
9:43 a.m. Oct. 22, 2019 - By Tomi Kilgore
PulteGroup's stock surges toward 13-year high as effort to attract more first-time home buyers workedShares of PulteGroup Inc. surged 3.1% toward a 13-year high in afternoon trading Tuesday, after the home builder reported third-quarter profit that fell less than expected, while revenue surprisingly increased. The number of homes delivered during the quarter increased, compared with expectations of a decline, while the number of new orders increased more than expected. On the post-earning conference call with analysts, Chief Executive Ryan Marshall said that while overall U.S. housing demand has been supported by an ongoing economic expansion, "the catalyst for the most recent rise in housing demand has likely been the decline in interest rates" and the impact that has had on affordability. The average interest rate for a 30-year fixed rate mortgage was 3.69% for the week ended Dec. 17, according to Freddie Mac , down from 4.85% around the same time a year ago. The average sales price of homes increased 3% to $491,000, while prices of first-time homes decreased 6% to $340,000, reflecting Pulte's effort to increase entry-level exposure. It worked, as orders from first-time buyers increased 39%. The stock, on track to close at the highest level since April 2006, has soared 51.5% year to date, while the SPDR S&P Homebuilders ETF has rallied 40.5% and the S&P 500 has gained 19.9%.
4:07 a.m. Oct. 13, 2019 - Barrons.com
Mortgage Rates Drop Again — Sparking More Interest in Loan Refinancing While the decline in rates has prompted many home owners to refinance their loans, it may not be enough to create a major uptick in home-buying activity
12:16 p.m. Oct. 11, 2019 - By Jacob Passy
Mortgage rates drop once again — sparking more interest in loan refinancing While the decline in rates has prompted many home owners to refinance their loans, it may not be enough to create a major uptick in home-buying activityWhile the decline in rates has prompted many home owners to refinance their loans, it may not be enough to create a major uptick in home-buying activity.
11:33 p.m. Oct. 3, 2019 - By Jacob Passy
Mortgage rates remain near recent lows — why that may not be enough to push more people to buy homes Economists argue that low rates will continue to prop up the housing market as the economy slows down, but it’s not clear how long that will lastEconomists argue that low rates will continue to prop up the housing market as the economy slows down, but it’s not clear how long that will last.
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.
5:43 a.m. Sept. 26, 2019 - By Jacob Passy
Mortgage rates fall slightly, giving the housing market more room to grow An uptick in home sales activity has been attributed to this summer’s downturn in mortgage ratesAn uptick in home sales activity has been attributed to this summer’s downturn in mortgage rates.
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.
4:52 a.m. Sept. 22, 2019 - By Jacob Passy
Mortgage rates increase, just as home-sales activity regains momentum The Federal Reserve cut interest rates Wednesday, yet rates in the mortgage market still roseThe Federal Reserve cut interest rates Wednesday, yet rates in the mortgage market still rose.
11:29 a.m. Sept. 20, 2019 - Barrons.com
Mortgage Rates Increase, Just as Home-Sales Activity Regains Momentum Mortgage rates rose on a weekly basis for the second week in a row, potentially threatening to put a damper on home sales just as the real-estate market’s outlook was brightening.
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.
2:05 a.m. Sept. 13, 2019 - Barrons.com
Mortgage Rates Have Jumped This Week President Trump has called for negative interest rates — but that wouldn’t necessarily be a boon for housing
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
9:22 a.m. Sept. 12, 2019 - By Jacob Passy
Mortgage rates have jumped this week — but could they one day fall to zero? President Trump has called for negative interest rates — but that wouldn’t necessarily be a boon for housingPresident Trump has called for negative interest rates — but that wouldn’t be a boon for housing necessarily.
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.
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,
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