Freddie Mac

Browse articles from all of our Newsletters related to Freddie Mac.

February 15, 2019 - IMFnews

FHFA IG Report: Director Watt Violated Ethics Rules. Trump Had Report in Late November but Didn’t Act

The report, dated Nov. 29, 2018, was posted to the IG’s website Friday, Feb. 15.

February 15, 2019 - IMFnews

What We’re Hearing: Calabria, a Sure Bet? / Warm Thoughts About Fannie-Freddie Loan Limits / Retaining More Capital / Congress? / Conservatorship Purgatory / Looks Like Radian is in Play / A Sale Dragging On and On and On: Genworth / Industry Vet Rudy Orman Lands

On the doorstep: The recap and release of Fannie and Freddie?

February 15, 2019 - IMFnews

Mortgage Securitization Rates Steady in 2018, Non-Agency Rising

The Ginnie securitization rate hit 100.2%, but timing issues were involved…

February 15, 2019 - Inside MBS & ABS

HARP Is Gone but High LTV Refis Are Here to Stay

“HARP is dead, long live High LTV Refinance programs!” That’s the title of a recent report by structured finance analysts at Bank of America Merrill Lynch on the impact HARP’s replacements will have on the government-sponsored enterprises’ credit-risk transfer programs.

February 15, 2019 - Inside MBS & ABS

Despite 4Q Slump, GSE 2018 Earnings Hit Six-Year High

Fannie Mae and Freddie Mac racked up $25.19 billion in combined net income in 2018, their most profitable year since 2013, when earnings were inflated by accounting rules for deferred tax assets.

February 14, 2019 - Inside Mortgage Finance

Earnings Decline for Fannie, Freddie in 4Q18

Fannie Mae and Freddie Mac reported lower earnings for the fourth quarter of 2018, the victims of a slowing mortgage market and, ironically, lower interest rates at yearend compared to Sept. 30, which resulted in hedging losses.

February 14, 2019 - IMFnews

Short Takes: Leaving Behind His Personal Views Regarding Fannie and Freddie / Reporting Results on the Very Same Day, a Rarity / If Only They Could’ve Kept Their Earnings / CHLA Backs Calabria

Fannie and Freddie rarely report quarterly results on the same day, but they did so this morning...

February 14, 2019 - IMFnews

Lower Earnings for Fannie and Freddie, 4Q18 Dividend Payment On Track (For Now)

It’s rare but Fannie and Freddie reported results on the very same day…

February 13, 2019 - IMFnews

FHFA Nominee Mark Calabria Promises to Leave His Personal GSE Views at the Door

The nominee promises not to impose his personal views on Fannie and Freddie...

February 13, 2019 - IMFnews

Short Takes: A Nice Month for Pershing Square / No Mention of the GSEs / A Mortgage-Related M&A Deal Drags On / Delayed by the Chinese New Year / A New MBS From Deephaven / Pavaso Hires Mortgage Tech Vet Tim Anderson

After two-plus years of waiting, the Genworth deal has yet to close...

February 13, 2019 - IMFnews

GSE Single-Family MBS Issuance Off to a Slow Start in January

Wells Fargo, Quicken Loans and PennyMac ranked first, second and third, respectively, in loan sales to Fannie and Freddie during January…

February 12, 2019 - IMFnews

Short Takes: GSE Junior Preferred Shareholders Could Get Paid / Wedbush Tells Investors to Take the Cash / New Rez Sees a Buying Opportunity in MSRs / CFPB to America: Save Some of That Tax Return!

Bove sees some type of compensation going to the preferred shareholders of Fannie and Freddie...

February 11, 2019 - IMFnews

Short Takes: Exiting a GSE Investment / The Fed Likely Will Greenlight the BB&T-SunTrust Merger / No. 9 / Please, Just Don’t Pick a Name Like Mr. Cooper / How Much Lower Can Ditech Go? / CoesterVMS?

The big unknown about the merger: Once completed, what name will the new bank and mortgage company take?

February 11, 2019 - IMFnews

A Victory for Fannie/Freddie Shareholders? Investors Unite Revels in Collins v. Mnuchin Ruling

You could almost hear the whoops coming from shareholders around the country...

February 11, 2019 - IMFnews

GSE Credit Profile Turned Riskier in 4Q18

For all of last year, some 8.15% of GSE purchase loans fell in the low-score/high-LTV bucket…

February 8, 2019 - Inside The GSEs

Freddie Closes Largest SBL Portfolio Deal

California-based Sabal Capital Partners, one of the earliest partners in Freddie Mac’s Small Balance Loan Program, broke a record this month when it sold the enterprise a portfolio of 39 small-balance loans worth $189 million. All the underlying properties are in East Harlem.

February 8, 2019 - Inside The GSEs

Redwood to Partner in Freddie Whole-Loan Fund

Redwood Trust last week announced that it would invest as much as $78 million in a partnership seeking to acquire up to $1 billion in floating rate light-renovation whole loans from Freddie Mac. The California-based real estate investment trust says it has already funded the partnership to the tune of $20 million.

February 8, 2019 - Inside Mortgage Trends

Coming Soon: 4Q18 Hedging Losses for Fannie & Freddie?

Mortgage giants Fannie Mae and Freddie Mac are scheduled to report fourth-quarter results next week and chances are the two will once again show strong earnings, but the black ink likely will pale a bit from the $6.7 billion they posted (combined) in the third quarter.

February 8, 2019 - Inside Mortgage Trends

Mortgage Originations Seen Flat This Year

The mortgage industry is bracing for a flat year in terms of volume due to higher mortgage rates, a slowing economy and weak loan demand. [Includes one data chart.]

February 8, 2019 - IMFnews

What We’re Hearing: Salivating at the Prospect of a Fannie-Freddie Stock Offering? / Mulvaney Again / Waiting in the Wings for Treasury’s GSE Assignment? / What Could Stand in the Way? / MI Roundup / Wells Fargo, the MBS King / A New Legislative Hire for MBA: Tallman Johnson

But one thing is certain: the Trump White House is not monkeying around with GSE reform...

February 8, 2019 - IMFnews

Calabria’s FHFA Nomination Hearing Set for Feb. 14

Calabria has firm support among Republicans on the SBC and the backing of Senate Minority Leader Mitch McConnell...

February 8, 2019 - IMFnews

Agency MBS Production Fell Modestly in January

It was the lowest combined output for the three agencies since February 2016, when just $80.49 billion of new MBS were issued.

February 8, 2019 - Inside MBS & ABS

Redwood Trust Announces $78 Million Freddie Deal

In a bid to expand its access to rental housing credit, Redwood Trust last week announced plans to partner on a deal to acquire up to $1 billion in whole loans from Freddie Mac.

February 8, 2019 - Inside MBS & ABS

Civil Rights Groups Not Too Thrilled with Crapo Draft

Several high-profile civil rights groups this week threw cold water on Sen. Mike Crapo’s plan to reform Fannie Mae and Freddie Mac, saying it would weaken regulation of the government-sponsored enterprises and increase the cost of homeownership.

February 8, 2019 - Inside MBS & ABS

Crapo Plan: Is Ginnie Mae Ready for Prime Time?

A new outline on housing-finance reform from Sen. Mike Crapo, R-ID, hands over management of the conventional mortgage market to Ginnie Mae, begging the question: Is Ginnie up to the task?

February 7, 2019 - IMFnews

Short Takes: Hoping and Praying for the Right GSE Outcome / Contemplating a Settlement by the Government / Setting the Table for a Merger / #9 Mortgage Dream: SunTrust-BB&T Deal / IMA’s Bulk MSR Deal

Open hostility toward the government's GSE case?

February 7, 2019 - Inside Mortgage Finance

Crapo Reform Plan Suggests Fannie, Freddie Privatization

Sen. Mike Crapo, R-ID, chair of the Senate Committee on Banking, Housing, and Urban Affairs, stirred the housing-finance reform pot last week, releasing a plan to bring Fannie Mae and Freddie Mac out of conservatorship.

February 7, 2019 - Inside Mortgage Finance

GSE Reform: Time Treasury Hires an Investment Banker?

The road to reforming Fannie Mae and Fred-die Mac took another left turn this week with Treasury Secretary Steve Mnuchin applauding Congressional efforts on the initiative but then declaring, if need be, Treasury would go it alone.

February 7, 2019 - IMFnews

4Q18 Ugly: All Major Mortgage Product Groups Suffer

Expanded-credit was the only corner of the market that grew last year – by an estimated $7.6 billion…

February 6, 2019 - IMFnews

Short Takes: About That Net Worth Profit Sweep… / A Permanent Ginnie President? / LOs Tell the Fed: Loan Demand is Weaker / A Lack of Experienced Underwriters for Non-QMs / A New Loan Officer at Castle & Cooke

Unless a change is made to the terms of their “bailout,” Fannie and Freddie will upstream most of what they earn to Treasury by the end of March...

February 6, 2019 - IMFnews

Civil Rights Groups Up in Arms Over Crapo’s GSE Reform Plan

CRL and other groups noted: “To date, Congress has exercised extreme caution in repairing the housing finance system…”

February 6, 2019 - IMFnews

Nonbanks Dominate in Bulk MSR Sales, A Stunning Reversal for Ginnie Transfers

In years past, Ginnie MSR sales have lagged because of concerns tied to agency acknowledgement agreements…

February 6, 2019 - IMFnews

Mnuchin: Treasury Prepared to Go It Alone on GSE Reform

Treasury’s GSE plan is being shaped by Senior Treasury Counselor Craig Phillips, who cut his teeth on Wall Street as an MBS trader…

February 5, 2019 - IMFnews

Mnuchin: Treasury Prepared to Go It Alone on GSE Reform

One contemporary of Phillips, who claims to have knowledge of what he’s working on, said the plan is “very well scripted” at this point...

February 5, 2019 - IMFnews

Short Takes: Deephaven Interest / Don’t Worry About the ‘GSE Patch’ / Simmering Down a Bit: GSE Common / Carl Icahn? / Job Openings at Quicken Loans / Caliber Hires Stearns Executive Hecht / A Promotion for Riskey

A mortgage slowdown? Not everywhere: Quicken Loans says it has more than 700 job openings…

February 5, 2019 - IMFnews

Nonbanks Amassed Large MBS Market Share in 2018

Over the same timeframe, agency MBS production by commercial banks, thrifts and credit unions fell 17.2 percent…

February 4, 2019 - IMFnews

Short Takes: Home Point Takes a Dive into the Non-QM Market / #28 Overall / Redwood Selling Additional Shares / Relationships / Not So Fast on that Title Deal

Another 'A' paper lender is jumping into the non-QM pool.: Home Point...

February 4, 2019 - IMFnews

Fairholme Tells its Shareholders to Hang in There on Fannie and Freddie

Fairholme's Bruce Berkowitz suggests the best is yet to come...

February 1, 2019 - Inside FHA/VA Lending

GSE Reform Outline Issued, Ginnie Mae the Big Winner

An outline for housing finance reform released late this week by Senate Banking Committee Chair Mike Crapo, R-ID, looks a lot like the last gasp reform proposal released in 2018 by Rep. Jeb Hensarling, R-TX, the now retired chair of the House Financial Services Committee. Among other things, the proposal puts Ginnie Mae firmly in control of the government guarantee business.

February 1, 2019 - Inside Nonconforming Markets

Non-Agency Market Could See Gains from GSE Reform

Activity in the non-agency mortgage market is likely to get a boost from any reforms of the government-sponsored enterprises undertaken by the Trump administration.

February 1, 2019 - IMFnews

What We’re Hearing: Craig Phillips, the ‘Ax’ / What We Talk About When We Talk About GSE Reform / Next Up: Meetings on Capitol Hill / Time for Treasury to Hire an Investment Banker? / Keeping an Eye on loanDepot / More VC Money for Better Mortgage

And some point, it stands to reason that the U.S. Treasury Department would hire an investment banking firm with a specialty in Washington matters to assist in a recap and release plan…

February 1, 2019 - IMFnews

Sen. Crapo Releases GSE Reform Outline. Is it DOA?

Under the Crapo plan, the multifamily business of Fannie and Freddie would be sold to the highest bidder...

February 1, 2019 - IMFnews

HFSC Freshmen Aim to Be Players on Housing, Fair Lending Issues

Keep an eye on Rep. Katie Porter, the freshman Congressman from California…

February 1, 2019 - Inside MBS & ABS

Mortgage Grapevine

Fannie changes bylaws, Phillips staying put...

February 1, 2019 - IMFnews

Another Record Year for GSE Credit-Risk Transfers

CRT deals have redefined the Fannie/Freddie business model…

January 31, 2019 - IMFnews

Who Needs an Executive Committee? Not Fannie Mae

One of those powers, according to the filing, is: “The adoption of an agreement of merger or consolidation or the adoption of a certificate of ownership or merger.”

January 31, 2019 - IMFnews

Trump Political Operative Named FHFA Chief of Staff

The appointment is effective February 4...

January 31, 2019 - IMFnews

Otting’s Appointment at FHFA May Be Illegal

Should the White House have picked one of three deputy directors instead?

January 30, 2019 - IMFnews

White House Issues Statement on GSE Reform, Says it Will Work with Congress

The White House: “Housing finance reform is a priority for the administration … At this time, no decisions have been made on any reform plan. As part of the process, however, the administration will work with Congress…”

January 30, 2019 - IMFnews

What are the Odds Calabria Will Get the FHFA Job?

Given Calabria’s past statements about the GSEs, some Democrats believe he isn’t the best person for the job…


Do mortgage lenders really need a new credit-scoring model or is the current FICO system adequate?

It’s fine. Stick with what works.


Time for a change. Borrowers are different today.


Undecided, still assessing the situation.