Jobless rates stay level or improve in 32 states In 2017, annual average unemployment rates decreased in 32 states and were unchanged in 18 states and the District of Columbia, the Bureau of Labor Statistics reported this week. Employment.
WASHINGTON, June 13 (Reuters) – The head of the U.S. federal housing finance agency. Fannie and Freddie have operated under government. the ability to boost competition by creating more GSE charters, FHFA said in its annual report to Congress.. Mortgage rates slump to a 2 1/2-year low.
“G-fees are. used by Fannie Mae and Freddie Mac to protect against losses from loans that default,” the letter continues. “Increasing g-fees for other purposes imposes an unjustified burden on.
Mark Zandi, head of Moody’s Analytics and an oft-mentioned candidate for federal housing czar as chief of FMIC, estimates that guarantee-fees (called "g-fees") in a. away virtually all Fannie and.
· Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev., has issued a statement on a congressional plan to raise fees charged by Fannie Mae and Freddie Mac and use them to help pay for.
JPMorgan, Goldman Sachs next on earnings’ horizon JPMorgan vs. Goldman Sachs: Comparing the Differences. – From Dec. 2015 to May 2019, JPMorgan shares rose 61%, while goldman sachs’ stock has lost 1%. goldman sachs shares were at a multi-year high until Nov. 2018, when a lawsuit unfolded revealing fraud among two Goldman Sachs bankers involved in an Abu Dhabi fund that may cost the bank millions in refunds and legal costs.
Last year, the FHFA set a goal of contracting Fannie and Freddie’s dominant presence in the mortgage market and set expectations that g-fees would continue to increase. The FHFA previously announced g-fees increases of 10 basis points in December 2011 and in August 2012.
How long will this mortgage drought last? There are not many mortgages being written right now. New rules from the Consumer Financial Protection Bureau, such as the Ability-to-Repay, Qualified Mortgage and additional servicing rules, are.
(Bloomberg) The new chief regulator for Fannie Mae and Freddie Mac says he takes the role with a. chief after he was confirmed by the U.S. Senate in a party-line vote on April 4. As head of the.
FHFA expands suite of loan mod tools Foreclosure sales drop to lowest level since 2007 Today the feds announced their new affordable housing strategy which bundles together previous announcements to build another 100,000 affordable housing units, repair 300,000 existing ones, and try to reduce housing need amongst other promises. It also commits $4 billion to rent subsidies to support some 300,000 low income earners starting in 2020 (so I guess those low income earners first.For the GSEs, delinquency has dropped, according to the latest Foreclosure Prevention Report from the federal housing. 78 percent of the loan modifications completed by the GSEs in 2018 have been.
pay on their debt, and from g-fees and income earned on non-mortgage investments. single-family mortgages single-family mortgages must meet certain criteria set by the GSEs to be packaged and sold as securities. As a result, the two GSEs set the lending standards for the conventional, Fannie Mae, Freddie Mac, and Housing Finance Reform
Source: Freddie Mac, MSCI. Potential g-fee compression. The g-fee, which has increased from below 25 bps before the crisis to above 60 bps.
Fannie/Freddie Raise Mortgage Fees. Beginning on April 1, Fannie Mae follow in Freddie Mac’s footsteps and formally raise the fees that they charge lenders, which will almost certainly pass these fees on to borrowers. The bottom line is that for virtually all borrowers, obtaining a mortgage is set to become significantly more expensive. As.