by confoundedinterest17 Fannie Mae’s Home Purchase Sentiment index has declined from 81.7 shortly after Biden was sworn-in as President to a meager 62.8 in July 2022. Of course, mortgage rates have risen quite rapidly and home price growth remains elevated as …
by Chris Black “Closing the racial gap” means White taxpayer dollars finance home loans for blacks. Homes that BlackRock probably owns. Fannie and Freddie unveil plans to tackle the racial homeownership gap https://t.co/eQ1GZrw3eX — WCVB-TV Boston (@WCVB) June 9, 2022
The U.S. economy will contract next year, federally backed housing giant Fannie Mae forecasts. While Fannie Mae only modestly cut its 2022 GDP outlook by 0.2 points, to 2.1%,it slashed its 2023 GDP forecast to negative 0.1% from a previous …
“Our updated forecast includes an expectation of a modest recession in the latter half of 2023 as we see a contraction in economic activity as the most likely path to meet the Federal Reserve’s inflation objective given the current rate …
by confoundedinterest17 Mortgage Orb has the tantalizing headline: “Fannie Mae’s Financing for Multifamily Affordable Housing Grew Over 23%.” At first, this sounds amazing … until you realize how simply unaffordable housing is much of urban/suburban America. If you look at the following chart, you …
The smart money thinks it’s only a matter of time — weeks, maybe days — before the meme-stock craze finally evaporates. But if history is any guide, this mania hasn’t quite run its course. For proof, look no further than …
via housingwire: While it appears that the Federal Housing Administration may not be backing mortgages for Deferred Action for Childhood Arrivals recipients, Fannie Mae declared recently that it supports (and will continue to support) mortgages for DACA recipients, also called Dreamers. In recent weeks, HousingWire has been investigating whether …
by confoundedinterest The Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie were placed into conservatorship with their regulator back in 2008 after housing prices declined and mortgage defaults spiked. But since the catastrophic year of 2008, Fannie Mae (as an example) …
Fannie and Freddie 10 years later from CNBC. When the housing market began its epic and historic free-fall in 2008, mortgage giants Fannie Mae and Freddie Mac faced imminent collapse. The Treasury Department stepped in with a major bailout that …
From Joe Light at Bloomberg: Fannie Mae will request an infusion of taxpayer money for the first time since 2012 because of an unintended but anticipated side effect of the corporate tax cut signed into law in December. The mortgage-finance company, which …
Why is Fannie Mae offering Goldman Sachs et al. such fat margins on defaulted mortgages? By Wildfry, currently in Hong Kong. Much of the attention on Fannie Mae has been focused on the potential merger with Freddie Mac; the repayments …
by olesentv There’s a housing crisis in the United States. Even though it’s been almost 10 years since the housing meltdown that happened in 2008,, there is still massive distortion in the market as a consequence of that crisis. Economics at …
Fannie and Freddie could need $100 billion bailout in next crisis, stress test finds Fannie Mae and Freddie Mac could need a taxpayer bailout of as much as $99.6 billion if a severe economic downturn gripped the U.S., their regulator …