|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||8.97 - 8.97|
|52 Week Range||4.31 - 9.00|
|Beta (3Y Monthly)||1.84|
|PE Ratio (TTM)||8.03|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Long-term U.S. mortgage rates generally increased this year, though they are still lower than they were a year ago, according to mortgage buyer Freddie Mac.
Even in what has been a notoriously high-volume sector, March was a particularly strong month for cannabis securities that trade on OTC Markets. Six of the top 10 most active securities in March on the ...
Binner says the current Trump administration is the best chance for meaningful reform for Fannie Mae, but the political realities of a reform plan suggest an uphill battle. Last month, President Trump signed a memorandum initiating housing finance reform.
Calabria, a libertarian economist currently working for Vice President Mike Pence, won lawmakers’ approval in a 52-44 vote along party lines. As head of FHFA, Calabria will be instrumental in the Trump administration’s effort to reform Fannie and Freddie, which have been under federal control since 2008. The president last month signed a memorandum that called on the Treasury Department to come up with a proposal for ending the U.S. conservatorship of the companies, and is essentially a plan to create a plan.
The U.S. Senate on Thursday confirmed President Donald Trump's pick to lead the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac. Mark Calabria, who was confirmed by a vote of 52-44, steps into a critical role in housing finance as Washington is renewing its efforts to overhaul the current system. As FHFA director, Calabria will be charged with overseeing the two government-sponsored enterprises, which guarantee over half of the nation's mortgages.
Interest rates on U.S. 30-year fixed-rate mortgages edged up from their lowest in over 14 months as bond yields have risen this week on encouraging economic data and optimism on a trade deal between China and the United States, Freddie Mac said on Thursday. Thirty-year mortgage rates averaged 4.08% in the week ended April, up from the prior week's 4.06%, which was the lowest level since Jan. 18, 2018, the mortgage finance agency said. U.S. Treasury yields this week climbed to 1-1/2-week highs as traders pared bond holdings in response to encouraging global economic data and hopes that Washington and Beijing are moving closer to a trade deal.
WASHINGTON (AP) — U.S. long-term mortgage rates moved little this week after the key 30-year loan rate marked its steepest weekly drop in a decade the week before.
The slowing housing market could use the boost. The average rate for a 30-year loan was 4.06 percent, down from 4.28 percent last week, Freddie Mac said in a statement Thursday. The housing market, damaged by a spike in mortgage rates last year that cut into affordability, is signaling that it’s getting some strength back.
Trump’s memorandum, released by the White House Wednesday, calls on the Treasury Department to write a proposal for ending federal conservatorship of Fannie Mae and Freddie Mac, and for increasing competition. The memo’s release, along with lawmakers’ fresh focus on the issue, show that housing finance reform has attracted “substantial” attention,” but the Trump administration will probably “proceed cautiously to avoid disrupting the mortgage and housing markets ahead of the 2020 presidential election,” Hatzius wrote in a note.
The widely anticipated presidential memorandum, released by the White House Wednesday, is best described as a plan for a plan. It calls on the Treasury Department to write a proposal for ending federal conservatorship of Fannie and Freddie and increasing competition for the companies. Trump said the plan should include legislative and administrative fixes, indicating that Congress will have a big role.
Following a difficult 2018 driven primarily by a lack of progress on housing finance reform, FNMA and FMCC common and preferred shares have rebounded sharply in the first few months of this year as the probability of a favorable resolution to the status of both companies has increased.
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.
President Trump is expected to sign a memorandum initiating housing finance reform on Wednesday. Fannie Mae and Freddie Mac have been under government conservatorship since they were bailed out during the housing market collapse back in 2008.
An amended complaint listing the names was filed Monday in a proposed class action against about a dozen financial institutions. The 27 traders, referred to as “key personnel” on those bond desks, aren’t named as defendants in the suit, brought by the Alaska Electrical Pension Fund in Manhattan federal court. Bloomberg reported last June that the Justice Department had opened a criminal investigation into whether some traders manipulated prices in the market for unsecured bonds, known as agencies, issued by the government-backed companies.
2018 was an excellent year for PSH based on our portfolio companies' operating results and their general business progress. Since year end, more constructive market conditions and the continued operating progress of our portfolio companies have led PSH to generate strong 2019 year-to-date, absolute and relative performance of more than 31.9% versus 13.5% for the S&P, our best start to a year in the 15-year history of Pershing Square.
Month after month, servicers collect interest and principal payments from millions of American homeowners and pass them on to lenders and investors. For most of its existence, servicing was an obscure but lucrative business. Servicers’ fees (typically an annualized 0.25 to 0.50 percent of a loan’s balance) amply covered their costs, because they rarely encountered delinquent loans — the most labor-intensive part of the job, requiring a lot of personal contact with individual borrowers.
Congress this week kicks off its latest attempt to forge a path forward for the mortgage giants, something that’s proved extremely elusive in the 11 years that the companies have been under U.S. control. Starting Tuesday, Senate Banking Committee Chairman Mike Crapo will hold two days of hearings on his plan for returning Fannie and Freddie to private ownership and giving the government an explicit role in backstopping the housing market. The stars seemed to be aligned for progress, with Republicans, Democrats and President Donald Trump’s administration all saying it’s a priority.
FBN’s Charlie Gasparino discusses how the Trump administration is pushing to reform Fannie Mae and Freddie Mac.
FBN’s Charlie Gasparino reports that the Trump administration is divided over how to reform Fannie Mae and Freddie Mac.
President Trump requests reform plans for Fannie Mae, Freddie Mac. HUD Secretary Ben Carson, Yahoo Finance's Akiko Fujita and Brian Cheung discuss.
Former Fannie Mae executive Tim Rood and FBN's Charlie Gasparino on the Trump administration going after Facebook over housing discrimination in its ads and President Trump's push for housing reform.