And now for the bad news: The lower corporate tax rate will force Fannie and Freddie to write down the value of their deferred tax assets by $15.3 billion…
Mortgage lenders pressing to get compliant with the new data collection and reporting require-ments under the Home Mortgage Disclosure Act got a bit of a reprieve, as the Consumer Financial Pro-tection Bureau and the other prudential regulators announced they would take “good-faith efforts” ap-proach to enforcement.
When Fannie and Freddie request a fresh draw of taxpayer funds from Treasury to deal with their DTA "problem," it will poison the well for conservative Republicans...
Fannie Mae and Freddie Mac will bolster their 2018 earnings by a combined $3 billion thanks to GOP tax reform legislation signed into law by President Trump in late December, according to calcula-tions from Keefe, Bruyette & Woods.
FHA saw many of the policies under the previous administration shelved during the first year of the Trump administration, including a proposal for a 25 basis point reduction in the annual mortgage in-surance premium, while waiting for a new commissioner to head the program.
In late December, Quicken Loans sold roughly $1 billion worth of corporate debt through a pri-vate placement, agreeing to pay investors an attractive yield of 5.25 percent.
Although there appears to be plenty of motivation for reforming Fannie Mae and Freddie Mac in 2018, it remains a herculean legislative effort that will require bipartisan support. Some observers think overhaul of the government-sponsored enterprises this year is closer than it has ever been, while others say political headwinds could make it impossible
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