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Volume 14 - Number 2

January 24, 2014

Investors Bidding Up Price of Fannie, Freddie ‘Junior’ Preferred

Investors hoping to get in on the Fannie Mae/Freddie Mac preferred stock speculation game may want to bring their wallets. The price of the “junior” preferred is now trading at roughly 40 percent of par compared to 20 percent a few months ago, according to investors in the market.

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This biweekly covers the housing-related government-sponsored enterprises with experienced, expert analysis.

 

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Poll

With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.

33%

No. It’s still difficult compliance/regulatory-wise.

20%

Maybe. It’s under consideration.

33%

Not now. But things could change as 2018 progresses.

13%