Tag:
Freddie Mac
Latest Headlines
Latest Headlines
SEC charges top Fannie Mae, Freddie Mac execs
Many have bemoaned the fact that law enforcement authorities have charged relatively few executives of firms that helped usher in the financial crisis and recession. Will charges against six top executives of Fannie Mae and Freddie Mac--including former CEOs of both--lessen the frustration?
Th
Mortgage market prognosis: Little change
For all the angst in the mortgage market since the financial crisis tanked the economy, we have yet to really find any consensus about an all new market structure.
The problems of the past were obvious in hindsight. We can point to Fannie Mae and Freddie Mac and their gross excesses. We can po
Bank of America settlement with FHFA: A bad deal for taxpayers?
The Federal Housing Finance Agency (FHFA) was set up to oversee the big residential mortgage GSEs as part of a move to transition these big entities out of near insolvency to whatever future is decided for them.
Back in December, the agency scored an ostensible victory when it inked settlement
A muddled, unsatisfying end to the GSE saga?
So are Fannie Mae and Freddie Mac victims or perpetrators of the one of the great financial frauds in recent memory?
Judging from the spate of regulatory activity, the only conclusion is that they were both. This is not the kind of conclusion that anyone will find wholly satisfying. There
Legal risks mount, GSE conservator to sue big banks
When Fannie Mae and Freddie Mac went belly-up, requiring a massive taxpayer-funded bailout, the outrage was intense. Critics demanded someone be put in jail. The mismanagement in many cases was shocking.
But when looking strictly at the GSEs push into non-traditional, much riskier loans, the i
Role of Fannie Mae and Freddie Mac to survive, but how?
In the battle to formulate a new approach to guaranteeing housing credits, one big issue has been what role, if any, the big GSEs should play. The battle of the pundits has raged, but now the government is on the brink of refining its views and taking a firm position.
The Washington Post r
Redwood Trust leads pack in private mortgage securitization
Should we envy or pity Redwood Trust, a publicly traded REIT that has gained fame for being one of the only firms to come to private label residential mortgage backed securities transactions since the financial crisis?
The trust completed securitizations in April 2010 and in March 2011, and ho
MERS stokes local controversies
The battle over the legitimacy of MERS has been raging for a while now. Over on FierceFinanceIT , we've covered the ins and outs of all this. As of now, it's still unclear exactly what the small Virginia-based mortgage registry--which is owned by Fannie Mae, Freddie Mac and all the top consumer
The consequences of a reduced role for Fannie, Freddie
The housing crisis has led to some rare bipartisan support on at least one issue: the need to gradually wind down the role of the two big housing GSEs, Fannie Mae and Freddie Mac, and thus the role of the government in the housing market. It's a politically popular position right now.
Recall t
Fannie Mae and Freddie Mac girding for more pain
As people continue to debate the future of Fannie Mae, Freddie Mac and federal government's role in the housing market, they tend to overlook the fact that two GSEs are continuing to reel, and their pain is about to intensify.
Both have narrowed their annual losses. Still, Fannie Mae said it l
