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Recent Posts Tagged With 'fannie mae'
Politics: Whose Country Is It Anyway?
For anyone that watches ESPN's Jim Rome, this is my burn. I am going to talk politics here, but I am not going to give away my party preference. It is not necessary. This is a commentary against both Democrats and Republicans, and the way that the pe...
Government Sponsored Enterprise Ratings Downgraded
The preferred stock ratings of Freddie Mac and Fannie Mae have been downgraded from A1 to BAA3 by Moody's Investors Service. Additionally, Fannie and Freddie's Bank Financial Strength Ratings has been downgraded from B minus to D plus. The downgrade...
Loan Limits Slated To Be $625,000
House and Senate negotiators have reached an agreement on loan limits, and it appears that the maximum amount for the Government Sponsored Enterprise (GSE)Fannie Mae, Freddie Mac, and Federal Housing Administration FHA loans will be $625,000. Negoti...
Mortgage Stocks Dive Again
Financial stocks, especially those tied to the mortgage industry, helped fuel a 237-point drop in the Dow Jones industrial average on Wednesday. Freddie Mac's shares plunged by $3.20, or 24%, on the day, closing at a new 52-week low of $10.26. Fann...
OFHEO Releases Statement To Ease Mortgage Tension
“OFHEO has been monitoring and continues to monitor closely Fannie Mae , Freddie Mac and the mortgage and financial markets. As one would expect, we are carefully watching the Enterprises’ credit and capital positions. As I have said before, th...
James Lockhart Does Not Buy Into Fannie and Freddie Capital Concerns But Stockholders Do
Proposed changes in accounting rules that could force Fannie Mae and Freddie Mac to move certain Mortgage Backed Securities (MBS) onto their balance sheets should not have a major impact on their capital requirements, according to the Government Spon...
OFHEO Releases Annual Report To Congress
WASHINGTON, DC — James B. Lockhart, Director of the Office of Federal Housing Enterprise Oversight (OFHEO) today released OFHEO’s 2008 Report to Congress, detailing the agency’s annual examination conclusions and regulatory oversight of the Gov...
OFHEO, Fannie Mae And Freddie Mac Cuts Excess Capital Level by a Third
Washington, DC - OFHEO, Fannie Mae and Freddie Mac today announced a major initiative to increase liquidity in support of the U.S. mortgage market. The initiative is expected to provide up to $200 billion of immediate liquidity to the mortgage-back...
Temporary 2008 Conforming Loan Limits Released For High Cost Areas
Washington, DC – The Office of Federal Housing Enterprise Oversight (OFHEO) today released the maximum conforming loan limits that will be in effect through year-end as a result of The Economic Stimulus Act of 2008. That legislation permits Fannie ...
OFHEO, NY Attorney General, Fannie Mae And Freddie Mac Sign Agreements to Combat Appraisal Fraud
Washington, DC– OFHEO Director James B. Lockhart announced agreements with OFHEO, New York State Attorney General Andrew Cuomo, Fannie Mae and Freddie Mac (Government Sponsored Enterprise (GSE)) to strengthen the independence of the appraisal proce...
Widespread House Price Declines In Fourth Quarter
Pockets of Strength Remain; Coasts, Midwest Show Biggest Declines WASHINGTON, DC – U.S. home prices fell in the fourth quarter of 2007 according to OFHEO’s seasonally-adjusted purchase-only house price index. The index, which is based on data fr...
Increasing Conforming Loan Limits?
Congress was rumored last week to increase conforming loan limits, what is the chance that we will see an increased somewhat? (...)...
No Housing Recovery Forecast for 2008 And Probably 2009
No Housing Recovery Forecast for Next Year. Fannie Mae Expects Total Home Sales Going Down More Than 14% This Year, and 12% Next Year....
Fannie Mae Ties 3Q Losses to Alt A Mortgage Market
Fannie Mae Ties 3Q Losses to Alt A Mortgage Market Over 25% of Fannie Mae’s credit losses in the third quarter came from its book of guaranteed alternative A mortgages, according to the company’s president and chief executive officer, Dan...
How Is Fannie Mae and Freddie Mac Coping?
Peter Barnes talks with James Lockhart, Director of FHEO about how Fannie Mae and Freddie Mac are coping with subprime mortgages....
Home Builders Urge Fannie Mae to Rollback Surcharge
Home Builders Urge Rollback of Fannie Mae Surcharge The National Association of Home Builders is urging Fannie Mae to roll back a planned 25 basis point surcharge that lenders would pay when they deliver loans to the giant secondary market agency. (....
STATEMENT OF OFHEO DIRECTOR JAMES B. LOCKHART
“As Director of OFHEO, the regulator of Fannie Mae and Freddie Mac, I believe that the foreclosure prevention initiative announced by President Bush is a major step forward. (...)...
Fannie Mae Cuts Dividends 30% - Down 41% in 2007
Transcript(for convenience purposes only - accuracy not guaranteed) FANNIE MAE WILL SELL PREFERRED STOCK TO RAISE CAPITAL. ELLEN JOINS US WITH THE — ELLEN BRAITMAN JOINS US WITH THE LATEST. (...)...
$417,000 Is Still The Maximum Conforming Limit
$417,000 Is Still The Maximum Conforming Limit Despite a two year decline of 3.65% in home prices, the conforming loan limit for mortgages purchased by Fannie Mae and Freddie Mac next year will remain at the 2007 level of $417,000, according to the O...
