In a note to investors, Compass Point analyst Isaac Boltansky estimated that, with combined annual profits of about $21.4 billion, it will take 11 years for Fannie and Freddie to reach FHFA’s capital targets…
A few fun facts about Home Point: Through the first nine months of 2020 the company posted net earnings of $422 million compared to a loss of $45 million for the comparable period a year earlier.
Though the merger has not been explicitly canceled, Genworth said it will begin to pursue contingency measures, including a partial IPO of its mortgage insurance business.
Mike Fratantoni, chief economist at the MBA, said the increase is linked to the rise in COVID-19 infections, a disease that continues to whipsaw the economy.