Fannie Mae last month reclaimed some of the market share Freddie Mac snagged in October and November as GSE single-family business volume skidded toward yearend. Fannie issued $43.99 billion of single-family mortgage-backed securities in December, a tidy 4.9 percent increase from the previous month. Freddie’s $30.03 billion in production tumbled 19.2 percent from November. That gave Fannie a 59.4 percent share of the GSE market in December, in line with historical trends. Freddie posted big increases in volume during October and November, pushing its GSE market share to 46.4 percent for the two-month period. Even with the return to more normal...
Progressives are worried that in 2019 a new Federal Housing Finance Agency director will takeover, undoing much of what they like about the current system…
Industry economists and mortgage lenders widely expect 2018 to look a lot like 2017: slowing production volume, a further shift toward purchase-mortgage lending and more pressure on profits. The average of mortgage origination forecasts from Fannie Mae, Freddie Mac and the Mortgage Bankers Association indicates that production will total $1.688 trillion this year, a 4.8 percent drop from 2017. The refinance sector will take the biggest hit ... [Includes one data chart]
The volume of single-family home loans flowing into Fannie Mae and Freddie Mac mortgage-backed securities rose unexpectedly in the fourth quarter of 2017, according to a new ranking and analysis by Inside Mortgage Finance.
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…
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