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To review, the FHFA about two weeks ago proposed an "adverse-market" refinance fee of 0.5% to being on September 1 for all refinance mortgages backed by Fannie Mae ( OTCQB:FNMA ) and Freddie Mac ( OTCQB:FMCC ) . The bizarrely-timed proposal immediately got the politically well-connected...
WASHINGTON , Aug. 25, 2020 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its sixteenth reperforming loan sale transaction. The deal, which was announced on July 28, 2020 , included the sale of approximately 18,190 loans totaling $3.37 billion in unpaid pr...
This article is part of a series that provides an ongoing analysis of the changes made to John Paulson's 13F stock portfolio on a quarterly basis. It is based on Paulson's regulatory 13F Form filed on 08/14/2020. Please visit our Tracking John Paulson's Paulson & Company Portfolio serie...
Three mortgage servicing companies drop since government-sponsored enterprises Fannie Mae ( OTCQB:FNMA -0.2% ) and Freddie Mac ( OTCQB:FMCC -0.2% ) announced that a 0.5-percentage point "adverse market fee" will be applied to what the GSEs pay upfront to acquire many refinancing loans....
WASHINGTON , Aug. 17, 2020 /PRNewswire/ -- The U.S. economy contracted in the second quarter by 32.9 percent annualized – the largest such decline since demobilization efforts following World War II – but the strong rate of economic recovery observed in May and June set...
While traders were driving up Tesla shares double-digits in wake of the company's stock split, the FHFA yesterday rolled out an adverse-market refinance fee of 0.5% on all refinances purchased by Fannie Mae ( OTCQB:FNMA ) and Freddie Mac ( OTCQB:FMCC ) after September 1. More news on...
Fannie Mae ( OTCQB:FNMA ) and Freddie Mac ( OTCQB:FMCC ) are two companies that were created by the government and were forcibly taken over by the government in 2008 to shore up the banking system. The government at the time was afraid that the cascading wave of mortgage defaults across privat...
WASHINGTON , Aug. 7, 2020 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index ® (HPSI) decreased 2.3 points in July to 74.2, moderating slightly after two consecutive months of advances. Three of the six HPSI components decreased month over month, with ...
WASHINGTON , Aug. 6, 2020 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) has remained committed to assisting residential tenants in Fannie Mae-financed multifamily rental housing who are facing financial hardship due to the COVID-19 pandemic. In support of the announcement by the Federa...
Federal National Mortgage Association (FNMA) Q2 2020 Earnings Conference Call July 30, 2020 8:00 AM ET Company Participants Pete Bakel – Director of External Communications Hugh Frater – Chief Executive Officer Celeste Mellet Brown – Chief Financial Officer ...
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Fannie Mae Releases May 2024 Monthly Summary PR Newswire WASHINGTON , June 27, 2024 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) May 2024 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae's monthly and year-t...
Unaffordability Expected to Remain Primary Constraint on Home Sales PR Newswire Rise in Listings Likely Means Many Homeowners No Longer Willing to Delay Moving WASHINGTON , June 21, 2024 /PRNewswire/ -- Affordability constraints continue to limit the numb...
Fannie Mae Executes its Fourth Credit Insurance Risk Transfer Transaction of 2024 on $12.1 Billion of Single-Family Loans PR Newswire WASHINGTON , June 11, 2024 /PRNewswire/ -- Fannie Mae (FNMA/OTC) announced today that it has executed a new Credit Insurance Risk...