Mortgages
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Mortgage bankers warn Fed mortgage purchases unbalanced market, forcing margin calls
By Steve Liesman
March 29, 2020, CNBC
The Mortgage Bankers Association in a dire letter to regulators Sunday warned that the U.S. housing market is “in danger of large-scale disruption,” …
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Banks say Fed rescue threatens mortgage hedging strategies
By Laura Noonan and Robert Armstrong
March 31, 2020, Financial Times
Big Wall Street banks have quietly joined with U.S. home lenders in calling for regulatory action to prevent the …
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Ginnie Mae to Help Mortgage Firms Facing Coronavirus Cash Crunch
By Andrew Ackerman
March 27, 2020, The Wall Street Journal
Ginnie Mae, a U.S. agency that guarantees more than $2 trillion of mortgage-backed securities, said it is working to help …
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Mnuchin Wants Markets Open, Focused on Mortgage Firms’ Liquidity
By Ben Bain and Saleha Mohsin
March 26, 2020, Bloomberg
Treasury Secretary Steven Mnuchin reiterated Thursday that he wants U.S. financial markets to remain open even as the coronavirus fuels …
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FHFA Director Says Fannie-Freddie Investors Shouldn’t Expect Big Windfall
Federal Housing Finance Agency Director Mark Calabria talks about the plans to free Fannie Mae and Freddie Mac from U.S. control. He speaks to Bloomberg’s Mike McKee.…
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Trump’s power over consumer bureau at stake in Supreme Court case
By Katy O’Donnell
March 2, 2020, Politico
A battle over the Consumer Financial Protection Bureau’s political independence heads to the Supreme Court for arguments Tuesday, in a pivotal case that …
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No Big Windfall For Fannie-Freddie Investors, Calabria Predicts
By Elizabeth Dexheimer
February 25, 2020, Bloomberg
Fannie Mae and Freddie Mac’s existing shareholders shouldn’t expect a huge payday after the mortgage giants raise capital from new investors as part …
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Libor Transition Hits Hurdle as SOFR-Linked Bond Sales Slump
By Alex Harris
February 10, 2020, Bloomberg
The biggest issuers of bonds tied to the benchmark tapped to replace U.S. dollar Libor are suddenly pulling back. That’s a potential blow …
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Fannie Mae, Freddie Mac to Stop Accepting Libor Mortgages
By Julia-Ambra Verlaine
February 6, 2020, The Wall Street Journal
Fannie Mae and Freddie Mac said they will stop accepting adjustable-rate mortgages tied to the London interbank offered rate by …
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Fannie, Freddie Regulator Hires Adviser on Mortgage Giants’ Privatization
By Andrew Ackerman
February 3, 2020, The Wall Street Journal
A federal regulator has hired an adviser to help recapitalize Fannie Mae and Freddie Mac, the mortgage-finance giants at the …
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