|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||8.52 - 9.50|
|52 Week Range||8.00 - 21.10|
|Beta (5Y Monthly)||2.36|
|PE Ratio (TTM)||776.67|
|Earnings Date||Jul 30, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Sep 11, 2008|
|1y Target Est||N/A|
Moody's Investors Service, ("Moody's") has been advised that the size of the issuance for Station Place Securitization Trust 2021-WL1 (the transaction) has increased from $400,000,000 to $600,000,000 since Moody's initially assigned provisional ratings to 6 classes of residential mortgage-backed securities (RMBS) issued by the transaction on January 13, 2021. The securities in this transaction are backed by a revolving pool of newly originated first-lien, fixed rate and adjustable rate, residential mortgage loans which are eligible for purchase by Fannie Mae, Freddie Mac and Ginnie Mae ("the agencies"). The pool may include FHA streamline mortgage loans or VA Interest Rate Reduction Refinancing Loan (IRRR) which may have limited valuation and documentation, by no more than 15% of the balance.
The U.S. economy is expected to grow 5.3 percent in 2021, a substantial improvement from the currently projected 2.7 percent contraction in 2020, with a strong pick-up in growth projected to commence over the spring months, according to the latest commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The latest forecast of full-year 2021 real GDP growth is an upgrade of 0.8 percentage points from the previous month's forecast, reflecting the ESR Group's view that the expansion of COVID-19 vaccination efforts and the approach of warmer weather will likely reverse the economic weakness experienced at the end of 2020. The ESR Group also noted that the continued recovery will likely be considerably faster than the recovery following the Great Recession and upgraded its 2022 growth forecast by 0.4 percentage points to 3.6 percent. Immediate risks to the forecast center around the path of the pandemic and progress on vaccination distribution. Impediments to that process could result in meaningful, adverse impacts to the timeline of projected growth. Otherwise, the ESR Group believes that conditions are favorable for a strong recovery, with inflationary pressure and higher interest rates being the most significant longer-term risks to growth.
‘Until the Enterprises can raise private capital, they are at risk of failing in the next housing crisis,’ Federal Housing Finance Agency Director Mark Calabria said, in announcing the agreement.