Freddie Mac, following in the footsteps of Fannie Mae, is offering buyouts to a portion of its workforce. A byproduct of the recap-and-release plan? It certainly looks that way.
It was another strong quarter for warehouse financiers, with nonbanks slurping up more market share. If you're an IMB, credit is plentiful and then some. (Includes data chart.)
Fannie and Freddie are still on course to be recapped and released but fist a few things must occur: FHFA needs to create capital standards and then there's the investor road shows.
November was a so-so month for MBS trading as investors dumped bonds and bought stocks. Still, lending is strong, which should bode well for the creation of new agency securities.
One Freddie shareholder quipped: "It sounds like something their advisors would have recommended – to improve proforma [earnings] going into a capital raise."
According to the book’s marketing materials, Watchdog is a “never-before-published insider story” of the CFPB. The foreword was written by – drum roll please – Sen. Elizabeth Warren...