|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||9.74 - 10.10|
|52 Week Range||5.20 - 10.38|
|Beta (3Y Monthly)||1.37|
|PE Ratio (TTM)||17.72|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Over the past week, Morgan Stanley advised investors to “go long” the sector and cited a wider 30-year Fannie Mae current coupon Treasury option-adjusted spread as a positive. JPMorgan moved to a neutral from an underweight recommendation due in part to the wider spread offered by the Fannie Mae 30-year current coupon to a blend of 5- and 10-year Treasuries. The Fannie Mae current coupon spread over a blend of Treasury 5- and 10-year notes, a popular valuation method for mortgage investors, has widened 12 basis points to 85 since March 26, when it closed at its tightest level since January 31, 2018, according to data compiled by Bloomberg.
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 ...
Lower mortgage rates are likely behind a surge in positive housing sentiment, which could help rev up what started as a sluggish spring season. A monthly survey from Fannie Mae showed that, in March, sentiment jumped to the highest level since June, which was just below the record high.
U.S. consumer sentiment for buying a home rose to its strongest in nine months as a result of a sturdy jobs market and a decline in mortgage rates so far this year, according to data released by Fannie Mae on Monday. Notably, Fannie Mae's latest data showed the net share of consumers surveyed in March who said it is a good time to sell a home jumped 13 points to 43%. A net share of 22% of consumers said it is a good time to buy a home, up 7 points from the month before.
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.
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.
Spring housing market is in full swing and both buyers and sellers are feeling a bit more optimistic compared with past months. A new survey from Fannie Mae shows consumer home sentiment is ticking. The primary reason for the positive outlook falling mortgage rates leading to more affordability for buyers. Doug Duncan, Fannie Mae chief economist talks with Yahoo Finance's Julie Hyman and Adam Shapiro.
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.
Fannie Mae is trying to take the lead on making U.S. homes more energy efficient. The government-controlled mortgage giant is now the largest issuer of green bonds in the world. Fannie Mae Vice President, Chrissa Pagitsas, joins Adam Shapiro and Julie Hyman with details.