Tag Archives: Secondary Market

According to the GSE, the Federal Housing Finance Agency announced additional enhancements to its requirements for sales of non-performing loans by Fannie Mae and Freddie Mac on April 14, 2016, that build on requirements originally announced in March 2015. These enhancements apply to the non-performing sale that was announced today.

In response to the Federal Court's denial of stockholders' claims, Fannie Mae and Freddie Mac's stocks fell 35 percent and 38 percent, respectively.

The GSE has announced the sale of five non-performing loan pools, including a smaller Community Impact Pool aimed at non-profits and minority-owned businesses.

In his speech, Watt highlighted that the FHLBanks are an important part of home financing, in that they provide a source of funding and access to the secondary mortgage market and other services to member institutions, especially smaller institutions that have little access these services.

The Financial Times Stock Exchange Real Estate Investment Trusts (REIT) Index reported a total return of 27.15 percent in 2014, outpacing that of the Dow Jones Industrial Average, Standard & Poor 500, and NASDAQ, according to a report from Trepp. In an 11-month period from the end of 2013 to November 2014, the REIT market cap expanded from $670 billion to $890 billion.

Fannie Mae's gross mortgage portfolio took a huge downward turn in November, while the mortgage giant's Book of Business inched upward, according to Fannie Mae's November 2014 Monthly Summary released earlier this week. The balance of the gross mortgage portfolio dropped from $4.36 billion in October down to $4.24 billion in November, marking the 52nd time in the last 53 months Fannie Mae's portfolio declined month-over-month.

Mortgage banking profits hit another stumbling block in the third quarter, sinking slightly as a decline in secondary market income offset rising production numbers.

According to Fannie Mae, the increase was driven primarily by lower fair value losses and an increase in revenues. Also contributing to the third-quarter boost in profits was a recently announced settlement between Goldman Sachs and the GSEs' conservator, the Federal Housing Finance Agency (FHFA), over faulty residential mortgage-backed securities (RMBS).

Freddie Mac's single-family refinance-loan purchase and guarantee volume was $9.2 billion in July, representing about 40 percent of total new single-family mortgage portfolio activity. Relief refinance mortgages accounted for 20 percent of the company's single-family refinance volume based on unpaid principal balance.

Fannie Mae’s book of business shrank in December, ending a short streak of growth and marking the eighth month of 2013 in which business slowed.