HousingWire, Oct. 30, 2019–Kathleen HowleyFreddie Mac reported net income fell 37% in the third quarter, but things were still rosy for the nation’s second-biggest mortgage financier because it didn’t have …
Category: Top National News
Carson: No Changes Coming to FHA Mortgage Insurance Premiums, HECM Rules
HousingWire, Oct. 31, 2019–Ben LaneIn HUD Secretary Ben Carson’s view, the FHA Mutual Mortgage Insurance Fund should be much stronger than it has been in recent years before the agency …
Fannie Mae Reports $4B in Q3 Net Income
National Mortgage Professional, Oct. 31, 2019–Phil HallFannie Mae closed the third quarter of this year with $4 billion in both net income and comprehensive income, according to the latest earnings …
GSEs Need to Shape Up if they Want to Leave Conservatorship: Calabria
National Mortgage News, Oct. 31, 2019–Hannah Lang (subscription)With the Federal Housing Finance Agency intensely focused on setting Fannie Mae and Freddie Mac on a path out of conservatorship, it is …
Could Fannie and Freddie Soon Have Competition?
Redlands Daily Facts (Calif.), Oct. 31, 2019–Jeff LazersonAt the MBA Annual Convention, the most important takeaway is that Dr. Mark Calabria, the recently installed director of the Federal Housing Finance …
U.S. SEC Considers Relaxing Post-Crisis Structured Mortgage Product Rules
Reuters, Oct. 30, 2019–Katanga JohnsonThe U.S. Securities and Exchange Commission on Wednesday said it was seeking feedback on whether disclosure rules were discouraging firms from issuing SEC-registered residential mortgage-backed securities …
Trump Administration Wants Supreme Court to Back GSE Profit Sweep
American Banker, Oct. 30, 2019–Hannah Lang (subscription)The Department of Justice wants the Supreme Court to hear a case to decide the fate of Fannie Mae and Freddie Mac’s profits and …
It Will Take More Than Lower Mortgage Rates for a Housing Rally
New York Times, Oct. 21, 2019–Ben CasselmanMortgage rates have edged upward since September as fears about an imminent recession eased. Michael Fratantoni, chief economist of the Mortgage Bankers’ Association, said …
Q3 Homeownership Rate Up Slightly
National Mortgage Professional, Oct. 29, 2019–Phil HallThe homeownership rate during the third quarter reached 64.8 percent, according to data from the U.S. Census Bureau. The third quarter level was up …
FHA’s Montgomery: Several Banks Have Committed to Return to FHA Lending
HousingWire, Oct. 29, 2019–Ben LaneSpeaking Monday at the Mortgage Bankers Association Annual Conference in Austin, FHA Commissioner Brian Montgomery said that “a few” banks have already committed to returning to …