Posts filtered by tags: Fannie Mae[x]


 

Fannie, Freddie appraisal secrecy hurts first-time buyers 

What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take. Rate news summary From Freddie Mac’s weekly survey: The 30-year fixed-rate mortgage averaged 4.06%, down 1 basis point from last week. The 15-year fixed averaged 3.64%, down 2 basis points from last week. The Mortgage Bankers Association reported a 2.4% percent decrease in loan application volume from the previous week. Bottom line: Assuming a borrower gets the average 30-year fixed rate on a conf...
Tags: Business, Housing, Los Angeles, Sport, Soccer, Mortgage, Zillow, Freddie Mac, Fred, FHA, Freddie, Laguna Niguel, Fannie Mae, Fannie, Fannie Freddie, Orange Counties


Ben Carson confused 'REO' (HUD real estate term) with 'Oreo' (the cookie)

Ben Carson, who is not known for being the sharpest knife in the drawer, made a real doozy of a gaffe today on Capitol Hill. The Trump administration's Housing and Urban Development Secretary was testifying at a House Financial Services Committee oversight hearing in Washington on Tuesday, and confused 'REO,' meaning HUD real estate owned, with 'OREO,' the delicious sandwich cookie that has two chocolate wafers and creamy vanilla filling. Carson was going back and forth pompously with fresh...
Tags: Post, Politics, News, Washington, US news, United States, Hud, Donald Trump, Ben Carson, Gaffes, Calif, Porter, Freddie Mac, Carson, FHA, Housing and Urban Development


Realtors® Applaud Sens. Perdue, Menendez for Introducing Bill Addressing G-Fee Issues

Washington, D.C. – May 15, 2019 (nar.realtor) NAR President John Smaby issued the following statement following the introduction of S.1463 in the Senate. The legislation, officially noted as a bill to “establish a scorekeeping rule to ensure that increases in guarantee fees of Fannie Mae and Freddie Mac shall not be used to offset provisions that increase the deficit,” was introduced by Senators David Perdue (R-GA) and Bob Menendez (D-NJ) on Tuesday afternoon. “The National Associatio...
Tags: Real Estate, News, Congress, Washington, Senate, America, Radio, Perdue, Freddie Mac, NAR, Bob Menendez, Freddie, Menendez, Fannie Mae, National Association of Realtors, Real Estate News


New FHFA Director Speaks to Realtors® on Fannie Mae, Freddie Mac Reform Share Facebook Twitter LinkedIn Print

Washington, D.C. – May 14, 2019 (nar.realtor) Today, at the National Association of Realtors®’ Regulatory Issues Forum, newly-appointed Federal Housing Finance Agency Director Mark Calabria spoke to hundreds of Realtors® and industry leaders regarding his vision for the future of Fannie Mae and Freddie Mac. Tuesday’s forum also presented an opportunity for NAR to highlight its housing finance reform plan, which proposes a utility model to ensure a reliable and affordable source of mortgage capit...
Tags: Real Estate, News, Congress, Washington, America, Radio, Capitol Hill, Vanity Fair, Freddie Mac, Calabria, NAR, McLean, Enron, Springfield Massachusetts, Springfield Missouri, Freddie


Consumers Temper Optimism on Housing Despite Improved Mortgage Rate Expectations

Measure of Housing Sentiment Down Slightly After Last Month’s Jump Washington, D.C. – May 7, 2019 (PRNewswire) The Fannie Mae Home Purchase Sentiment Index® (HPSI) dipped 1.5 points in April to 88.3, offsetting some of the prior month’s 5.5 point jump. A decrease in the “Good Time to Buy” component helped drive the index lower, despite another supportive mortgage rate outlook from consumers. The net share of respondents expecting mortgage rates to go down over the next 12 months has risen a t...
Tags: News, Radio, NHS, Fed, Fannie Mae, Real Estate News, Doug Duncan, PSB, Fannie Mae s Economic Strategic Research Group, National Housing Survey, HPSI, Fannie Mae s National Housing Survey NHS


Fannie Mae Reports Net Income of $2.4 Billion and Comprehensive Income of $2.4 Billion for First Quarter 2019

WASHINGTON, May 1, 2019 /PRNewswire/ — Fannie Mae (OTCQB: FNMA) today reported its first quarter 2019 results and filed its first quarter 2019 Form 10-Q with the Securities and Exchange Commission. The filing provides condensed consolidated financial statements for the quarter ended March 31, 2019. The following documents are now available on Fannie Mae’s web site at www.fanniemae.com. News Release reporting first quarter 2019 financial resultsFannie Mae’s Form 10-Q for the quarte...
Tags: Real Estate, News, Washington, Radio, Securities And Exchange Commission, Fannie Mae, Real Estate News, Fannie Mae OTCQB


Fannie Mae Returns to Secured Overnight Financing Rate (SOFR) Market with $2.5 Billion Transaction

Fourth SOFR Offering Met With High Demand Washington, D.C. – April 29, 2019 (PRNewswire) Today, Fannie Mae (OTCQB: FNMA) announced and priced its fourth issuance of Secured Overnight Financing Rate (SOFR) securities, issuing $2.5 billion of 18-month, floating-rate corporate debt. “Today’s transaction is an opportunity to maintain a SOFR curve out to 18 months,” said Nadine Bates, Senior Vice President and Treasurer, Fannie Mae.  “We recently hit the one-year anniversary of the fir...
Tags: Real Estate, News, Washington, Radio, Samuel, Fannie Mae, Real Estate News, Wells Fargo Securities LLC, London Interbank, SOFR, Nadine Bates, Fannie Mae Nothing, Fannie Mae Returns, Loop Capital Markets LLC, Ramirez Co Inc


Fannie Mae Announces Scheduled Release of First Quarter 2019 Financial Results

Company to Host Media Conference Call Washington, D.C. – April 26, 2019 (PRNewswire) Fannie Mae (OTCQB: FNMA) today announced plans to report its first quarter 2019 financial results on Wednesday morning, May 1, 2019, before the opening of U.S. financial markets. Fannie Mae will host a conference call for the media to discuss the company’s results at 8:00 a.m., ET, on May 1, 2019. Other participants may join the conference call in listen-only mode. The company’s first quarter 2...
Tags: Real Estate, News, Radio, Fannie Mae, Real Estate News, 2019, Host Media Conference Call Washington D, Fannie Mae First, Fannie Mae OTCQB


#Saudi Real Estate Refinance Co plans up to $1.07bln sukuk sale this year -CEO | ZAWYA MENA Edition

Saudi Real Estate Refinance Co plans up to $1.07bln sukuk sale this year -CEO | ZAWYA MENA Edition:Saudi Real Estate Refinance Co (SRC), modelled on U.S. mortgage finance firm Fannie Mae, aims to issue up to 4 billion riyals ($1.07 billion) of long-term sukuk this year, its chief executive said on Tuesday.The plan by SRC, a subsidiary of Saudi Arabia's sovereign Public Investment Fund, comes as it prepares to purchase more home loan portfolios from mortgage financing companies and banks to boost...
Tags: Travel, Saudi Arabia, Src, Reuters, Fannie Mae, Rupert Neil Bumfrey, Public Investment Fund, Fabrice Susini, Saudi Real Estate Refinance Co SRC, Saudi Real Estate Refinance Co


U.S. Economy Still on Track to Slow in 2019

Housing Market Supported by Lower Rates, Improved Wage Growth Washington, D.C. – April 18, 2019 (PRNewswire) Headline economic growth for 2019 continues to be forecast at 2.2 percent, down from 3.0 percent in 2018, according to the Fannie Mae Economic and Strategic Research (ESR) Group’sApril outlook. The fading impact of last year’s fiscal stimulus as well as slowing business investment and consumer spending were again identified as the primary drivers behind the expected sluggishness in GDP...
Tags: Radio, Federal Reserve, Fed, Duncan, Fannie Mae, US China, Real Estate News, Doug Duncan, Fannie Mae s Economic Strategic Research Group, Fannie Mae s Economic Strategic Research ESR Group, ESR Group, Lower Rates Improved Wage Growth Washington D


6 turbo-charged ideas for boosting your home purchasing power

What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take. Rate news summary From Freddie Mac’s weekly survey: The 30-year fixed rate rose for the third consecutive week, averaging 4.17%, up 5 basis points from last week. The 15-year fixed rate averaged 3.62%, up 2 basis points from last week. The Mortgage Bankers Association reported a 3.5% decrease in loan application volume from the previous week. Bottom line: Assuming a borrower gets the average 30-ye...
Tags: Business, Real Estate, California, Housing, Los Angeles, Sport, Soccer, Social Security, Va, San Diego, Mortgage, Ira, Orange, Freddie Mac, FHA, Laguna Niguel


Nazdin of KeyBank Real Estate Capital originates $12.2 million Fannie Mae first mortgage loan

Leominster, MA KeyBank Real Estate Capital has originated a $12.2 million Fannie Mae, first mortgage loan for Sunrise ...
Tags: Radio, Fannie Mae, KeyBank Real Estate Capital, Leominster MA KeyBank Real Estate Capital


RiskLens Raises $20M for Software That Quantifies Cyber Risk

RiskLens, a developer of software for assessing, communicating, and managing cyber risk, announced Monday it has raised more than $20 million from investors.Spokane, WA-based RiskLens says it plans to use some of the proceeds from the Series B funding round to expand its sales, marketing, engineering, and professional services teams. They’ll work to try to capture a larger portion of the global market for cyber security products and services, which is expected to be worth more than $180 billion...
Tags: Deals, Security, Startups, Sutter Health, Trends, Insurance, Tech, Cybersecurity, Vc, Hacks, Seattle, Maersk, Fedex, Doordash, Data Breaches, MassMutual


Fannie and Freddie critic Mark Calabria confirmed as Housing Finance director

The U.S. Senate on Thursday confirmed Mark Calabria to head the Federal Housing Finance Agency (FHFA), the agency tasked with overseeing the government-sponsored entities Fannie Mae and Freddie Mac.
Tags: Radio, U S Senate, Freddie, Fannie Mae, Fannie, Mark Calabria, Federal Housing Finance Agency FHFA, Housing Finance


Fannie’s decision to use real estate agents as appraisers is risky

What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take. Rate news summary From Freddie Mac’s weekly survey: The 30-year fixed rate averaged 4.06%, up 2 basis points from last week. The 15-year fixed rate averaged 3.56%, down 1 basis points from last week. The Mortgage Bankers Association reported a crushing 18.6% increase in loan application volume from the previous week. Bottom line: Assuming a borrower gets the average 30-year fixed rate on a conform...
Tags: Business, Real Estate, Congress, Housing, Los Angeles, Sport, Soccer, Mortgage, Orange, Freddie Mac, FHA, Freddie, Laguna Niguel, Fannie Mae, Fannie, the Mortgage Bankers Association


Voice for Real Estate – Self-employed Loans, Staging, Federal Policy

Real estate agents earning commission income should find lenders more receptive to their application because Fannie Mae and Freddie Mac have made it easier, cheaper, and less risky for lenders to consider them for a home loan.
Tags: Real Estate, Radio, Freddie Mac, Fannie Mae, General Interest, Voice for Real Estate


Realtors® Respond as Trump White House Calls for Plan to End Conservatorship

NAR emphasizes industry consensus apparent during Senate Banking Hearings on GSE Reform this week Washington, D.C. – March 27, 2018 (nar.realtor) This week, the Senate Banking Committee advanced conservations on GSE reform by welcoming various housing industry leaders to testify before their committee, including NAR President-Elect Vince Malta. Also on Wednesday, the White House announced that President Trump directed the Treasury Department to develop a white paper with a proposal to end co...
Tags: Washington, Senate, White House, America, Radio, Capitol Hill, Trump, Freddie Mac, U S Treasury, Treasury Department, NAR, Sherrod Brown, Fannie Mae, Trump White House, National Association of Realtors, Real Estate News


Trump calls on Treasury, HUD to overhaul Fannie-Freddie

President Donald Trump signed a memo Wednesday calling on federal agencies to come up with a plan for overhauling the U.S. housing-finance system, kick-starting a process that aims to address the biggest piece of unfinished business from the 2008 credit crisis. Trump directed the Treasury Department and Department of Housing and Urban Development to present ideas for ending federal control of Fannie Mae and Freddie Mac, according to the memo released by the White House. The Trump administration ...
Tags: Business, New York, Congress, Housing, White House, Sport, Soccer, Idaho, Treasury, Hud, The White House, Donald Trump, Trump, Freddie Mac, Freddie, Fannie Mae


Trump calls for overhaul of mortgage system

The Trump administration is calling on federal agencies to draft plans to overhaul the nation's housing finance system, years after the US government seized the mortgage giants Fannie Mae and Freddie Mac.
Tags: US, Cnn, Trump, Fannie Mae


Trump seeks to end government control of mortgage companies

WASHINGTON (AP) — President Donald Trump has issued an order for the government to end its 10-year conservatorship of the mortgage companies Fannie Mae and Freddie Mac. The mortgage companies were placed under government control in September 2008 after the bursting of the housing bubble triggered a financial crisis that put the government-sponsored enterprises on […]
Tags: Business, News, Washington, Ap, Nation, Donald Trump, Trump, Freddie Mac, Fannie Mae


President Trump Calls for U.S. Housing Reform Plan, Review of HECM Program

President Donald J. Trump signed an executive memorandum Wednesday initiating the process of reforming the United States housing system, which includes an objective to examine the “financial viability” of the Home Equity Conversion Mortgage (HECM) program. The president has expressed his intent to end the conservatorship of Freddie Mac and Fannie Mae that has been in effect since September 2008, and he has also directed the Secretary of the Treasury, Stephen Mnuchin, and the Secretary of Hous...
Tags: Congress, Finance, Senate, White House, United States, House Of Representatives, Treasury, Hud, Cabinet, Ben Carson, Trump, Freddie Mac, FHA, Donald J Trump, Housing and Urban Development, Fannie Mae


President Trump Calls for U.S. Housing Reform Plan

President Donald J. Trump signed an executive memorandum Wednesday initiating the process of reforming the United States housing system. The president has expressed his intent to end the conservatorship of Freddie Mac and Fannie Mae that has been in effect since September 2008, and he has also directed the Secretary of the Treasury, Stephen Mnuchin, and the Secretary of Housing and Urban Development, Dr. Ben Carson to, “craft administrative and legislative options for housing finance reform,”...
Tags: Congress, Finance, Senate, White House, United States, House Of Representatives, Treasury, Hud, Ben Carson, Trump, Freddie Mac, Donald J Trump, Housing and Urban Development, Fannie Mae, Federal Housing Administration FHA, Mnuchin


Fannie Mae appoints Hugh Frater as permanent CEO

Fannie Mae has appointed Hugh Frater as its permanent chief executive officer following a six-month search to replace former CEO Timothy Mayoupolos, who stepped down in October.
Tags: Radio, Mortgage, Industry News, Freddie Mac, Fannie Mae, Black Rock, News Brief, PNC Financial Services, Banking & Lending, Jonathan Plutzik, Berkadia Commercial Mortgage LLC, Hugh Frater, Timothy Mayopoulous, Timothy Mayoupolos


Google and Coinbase Global executives join Fannie Mae board

Karin Kimbrough of Google and Brian Brooks of Coinbase Global have been elected as new members to Fannie Mae's board of directors.
Tags: Google, Lifestyle, Radio, Industry News, Fannie Mae, Markets & Economy, News Brief, Brian Brooks, Coinbase Global, Jonathan Plutzik, Karin Kimbrough


New tool tells lenders if properties were damaged by natural disaster

The new parcel-level disaster data is available as a free add-on to the VeroVALUE service, which the company describes as an AVM that provides realistic value ranges for properties across the country.
Tags: Disaster, Radio, Fema, Mortgage, Freddie Mac, Fannie Mae, AVM, Veros, Select, News Brief, Luke Ziegenmeyer


Client gets new mortgage after failing to pay 2nd for eight years

What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take. Rate news summary From Freddie Mac’s weekly survey:  The 30-year fixed averaged 4.31 percent, down 10 basis points to a 13 ½-month low. The 15-year fixed rate averaged 3.76 percent, down 7 points from last week. The Mortgage Bankers Association reported a 2.3 percent increase in loan application volume from the previous week. Bottom line: Assuming a borrower gets the average 30-year fixed rate on ...
Tags: Business, Real Estate, Housing, Los Angeles, Sport, Soccer, Mortgage, Orange, Irs, Southern California, Freddie Mac, FHA, Newport Beach, Michael Nicastro, Nicastro, Laguna Niguel


#SaudiArabia's Fannie Mae Plans $2.3 Billion in Sukuk Sales - Bloomberg

Saudi Arabia's Fannie Mae Plans $2.3 Billion in Sukuk Sales - Bloomberg:Saudi Arabia’s first mortgage-refinancing firm is set to debut in the bond market with a plan to raise as much as 8.5 billion riyals ($2.3 billion) this year as the kingdom seeks to expand home ownership.The Saudi Real Estate Refinance Co., the state-run equivalent of Fannie Mae and Freddie Mac in the U.S., will tap domestic and international debt buyers with Islamic bonds, Chief Executive Officer Fabrice Susini said in an i...
Tags: Travel, Saudi Arabia, Bloomberg, Src, Riyadh, Freddie Mac, Fannie Mae, Rupert Neil Bumfrey, Fabrice Susini, Saudi Real Estate Refinance Co, Fannie Mae Plans, Sukuk Sales Bloomberg


How Reverse Mortgage Lenders Handle the Condo Approval Process

The required Federal Housing Administration (FHA) approval process for condominiums has been a consistent thorn in the side of the reverse mortgage business. Because it is the full condo complex that is required to have FHA approval, lenders have to approach each un-approved complex’s association or board in order to encourage them to go through with the process. It’s not unusual for originators to encounter resistance from these boards, often receiving prospective borrower interest that will...
Tags: Featured, Finance, Hud, Hoa, FHA, Neil, Fannie Mae, Lenders, Pinnell, Federal Housing Administration FHA, Longbridge, Longbridge Financial, O'Neil, American Advisors Group, AAG, American Advisors Group AAG


Here’s what NAR wants in the next versions of Fannie and Freddie

NAR also said on Friday that any changes should maintain a host of features such as 30-year fixed-rate mortgages, affordable credit and reliable access to housing for both renters and homeowners.
Tags: Government, Policy, Radio, Mortgage, Industry News, Freddie Mac, NAR, FHFA, Fannie Mae, Fannie, Markets & Economy, Select, News Brief, Banking & Lending, National Associaltion Of Realtors


This Week: Trump Org’s Mysterious Check For Foreign Profits Grows $40k

The District of Columbia this week reportedly joined New Jersey in subpoenaing the Trump Inaugural Committee. Federal prosecutors in the Southern District of New York did the same earlier this month. Investigators in Washington, D.C. Attorney General Karl Racine’s office reportedly said in the subpoena that they were seeking information regarding whether inaugural funds “were wasted, mismanaged and/or improperly provided private benefit, causing the committee to exceed or abuse its authority ...
Tags: Post, New York, News, Maryland, Obama, Washington, New Jersey, Manhattan, Fifth Avenue, District Of Columbia, Interior Department, Baltimore, Doj, The Washington Post, OIG, Trump