Fannie Mae is making moves as it prepares to relocate its iconic Wisconsin Avenue headquarters to a new building in downtown Washington by consolidating its three properties in Northern Virginia into one central hub. The GSE is looking to sell three office buildings in Reston and Herndon, VA, where it leases about 1.5 million square feet of space. Fannie recently signed on to be the anchor tenant at Reston Gateway, occupying 850,000 square feet. The building is currently under construction and Fannie is set to move into the mixed-use property in 2022. With about three years left before the move into the new Reston office, observers said the GSE could execute a sale-leaseback...
New Disclosures Show GSEs Keep Adding Workers. Fannie Mae and Freddie Mac started the new year with more workers on their payrolls than the year prior, according to an analysis of 10-K reports filed by the two government-sponsored enterprises. At Jan. 31, 2017, Fannie reported a staff of 7,200 workers compared to 7,000 in February of last year. However, two years ago its head count was higher at 7,300. Of the new reading, Fannie noted the total includes full- and part-timers and employees on leave. Freddie had a staff of 6,144 full-timers...
The Senate this week passed a package of amendments to the Dodd-Frank Act by a vote of 67-31, moving the regulatory reform debate to the House, where Republicans have pushed through a large number of more aggressive changes.
A group of mortgage brokers released a scorecard this week categorizing 30 wholesale lenders as either “true partners” of brokers, “in the middle” or so-called whole-tail competitors that are seen as taking business away from brokers with their retail outlets.
Wells Fargo was the top home equity lender in 2017 with total second lien production of $24.8 billion, according to a tally from Inside Mortgage Finance…
“The short-term nature of the collateral paired with an attractive yield makes for a rare opportunity in today’s investing climate,” said Angel Oak’s Sreeni Prabhu…
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