Pershing Square Capital Management CEO William A. Ackman filed a voluntary notice of dismissal in the U.S. District Court for one of his company's lawsuits against the federal government over the sweeping of GSE profits into the U.S. Department of Treasury.
Read More »GSEs Name CEO of Company Created to Operate Common Securitization Platform
Government-Sponsored Enterprises Fannie Mae and Freddie Mac have jointly announced that David M. Applegate will be the first CEO of Common Securitization Solutions (CSS), which was created by the GSEs to operate a new secondary mortgage market infrastructure, Common Securitization Platform (CSP).
Read More »Freddie Mac’s Portfolio Sees September Increase
Freddie Mac's mortgage portfolio grew in September, marking the second month of positive growth in the year's first nine months.
Read More »Freddie Mac: Housing Market Loses Ground
Of the four indicators tracked, only the employment gauge was in a stable spot, falling half a percent to 92.9 as the economy continues to show strong job growth. Among the other three, payment-to-income ratios and mortgage delinquency improved over the month, climbing to readings of 69.3 and 66.4, respectively.
Read More »FHFA Director Watt Wants to Expand Credit Availability, Manage Risk to GSEs
The Federal Housing Finance Administration (FHFA) is working to expand availability for mortgage credit in an attempt to give the housing market a lift, and is also working on ways to mitigate risk to GSEs Fannie Mae and Freddie Mac, FHFA director Mel Watt said in a speech delivered on Monday.
Read More »Report: GSEs Close to Reaching Agreement With Lenders to Minimize Repurchase Risk
In a separate agreement the GSEs and FHFA are also reportedly considering programs that could reopen the door to guarantee some mortgages with down payments as low as 3 percent, including loans to first-time homebuyers, according to the Wall Street Journal. Fannie Mae stopped taking such loans last year, while Freddie Mac stopped guaranteeing them years ago.
Read More »Investors Shore Up Stock in GSEs
Two major investors have shored up their stock in Fannie Mae and Freddie Mac after a judge dismissed two lawsuits regarding the sweeping of GSE profits into the U.S. Department of Treasury, causing the price of GSE stock to plummet.
Read More »Investor Appeals Judge’s Dismissal of GSE Profits Lawsuit
Hedge fund Perry Capital has appealed a judge's decision to dismiss a lawsuit filed last year over the sweeping of Fannie Mae and Freddie Mac profits into the U.S. Department of Treasury.
Read More »Freddie Mac’s Serious Delinquency Rate Dips Below 2 Percent
Freddie Mac followed the lead of its sister government-sponsored enterprise, Fannie Mae, and reported a serious delinquency rate of less than 2 percent for August in its recently-released August 2014 Monthly Summary.
Read More »Judge Dismisses Investors’ Claims in GSE Profits Lawsuits
A judge in the U.S. District Court for the District of Columbia dismissed claims investors made against the federal government regarding the distributing of GSE profits, according to a report by Reuters.
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