Fannie’s portfolio dips, but duration gap widens
The move may have been related to the government-sponsored enterprise's duration gap but could also have resulted from many other considerations.
The move may have been related to the government-sponsored enterprise's duration gap but could also have resulted from many other considerations.
Disclosures from the housing-finance giants show their duration gaps have widened sharply in recent months, leaving their holdings more exposed to rate swings.
Second homes account for 10.1% of the underlying collateral pool, the highest ratio seen in pools all year.
Analysts said Bill Pulte's new additional role as spy chief will further delay GSE privatization efforts, although that could change if he formally departed.
Fannie Mae and Freddie Mac will add loan-level buydown data to MBS this spring, giving investors clearer insight into prepayment risk tied to temporary rate incentives.
A House subcommittee hearing discussing the future of the government-sponsored enterprises, noted both are still severely undercapitalized.
The government-backed housing-finance giants increased their retained portfolios by more than 25% in the five months through October, according to the latest figures.
In a letter to federal leaders, the Community Home Lenders of America expressed views about a possible GSE merger and the need for "critical" mortgage products.
Trump has yet to decide when Fannie Mae and Freddie Mac will return to the market in an IPO that regulator Bill Pulte says could top $1 trillion.
Advocates warned the Federal Housing Finance Agency that allowing cryptocurrency assets to be used in the underwriting of Fannie and Freddie mortgages risks taxpayer losses and market instability.
President Donald Trump is bringing in bank leaders to meet with him one by one at the White House. Beyond the economic discussion, there’s a chance at a big payday for their firms. Trump is asking for chief executive officers for their pitches on monetizing mortgage giants Fannie Mae and Freddie Mac, including a major […]
Given FHFA Director Bill Pulte's history of making regulatory pronouncements via X, some theorize the release of Fannie Mae and Freddie Mac could occur in the same way.
Federal officials directed Fannie Mae and Freddie Mac to study whether digital assets held on US regulated exchanges might someday be factored into mortgage risk assessments.
This might deeply disappoint Wall Street investors who've been counting on a windfall if Fannie and Freddie are set free.
Don Layton, former Freddie Mac CEO, and self-proclaimed "GSEologist" predicts that a release of the two entities will occur within four to six years.
Lenders and developers are now working their contacts in Washington to try to protect Ginnie Mae.
Federal Reserve Chair Jerome Powell said insurance companies and banks are already pulling out of disaster-prone areas, which could pose problems.
Just 2.15% of the loans in the pool financed properties in Los Angeles County, and the surrounding areas that have been impacted by the recent wildfires.
Sunsetting the federal oversight of Fannie Mae and Freddie Mac could ease the cost of renewing President Trump's 2017 tax act, but doing so is an uphill battle.
The group is calling for the Trump administration to preserve certain features if it picks up where it left off and finishes cutting ties to the Treasury.
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