Latest news with #FannieMae
Yahoo
20 hours ago
- Business
- Yahoo
Trump Eyes Moving U.S. Economy Further Into Crypto Via Mortgages, 401(k)s
With crypto policy now representing one of President Donald Trump's most concrete achievements in his second term, the White House is reportedly gearing up toward further moves to affix digital assets into a more prominent role in the U.S. economy. Trump is widely expected to soon issue an executive order that calls for American's retirement plans — the 401(k)s that represent a vast segment of U.S. investing — to open further to less traditional assets, which reportedly may include cryptocurrencies. If that comes to pass, it could ease a major portion of the investing public into digital assets, though it remains a market that still lacks formal U.S. rules. His administration's report on crypto demanded under Trump's January order on digital assets policy is also set to emerge on Wednesday, and it's expected by crypto insiders to be lengthy and wide-ranging. The industry will be looking closely for updates on the federal formation of crypto reserves — including the so-called Bitcoin Strategic Reserve — and information on other initiatives, potentially including crypto tax matters. Trump's director of the Federal Housing Finance Agency, William Pulte, also recently ordered government-backed mortgage giants Fannie Mae and Freddie Mac to make plans to include a borrower's crypto holdings among assets that can back up their mortgage. That move has now drawn opposition from Democratic lawmakers, including Senator Elizabeth Warren, who have steadily opposed Trump's crypto maneuvers. "Expanding underwriting criteria to include the consideration of unconverted cryptocurrency assets could pose risks to the stability of the housing market and the financial system," according to a letter to Pulte from several Democratic senators alongside Warren — the ranking Democrat on the Senate Banking Committee. The letter cited crypto's high volatility as a danger in the underwriting of mortgages. If crypto found entry into everyday retirement savings, mortgage lending and became a significant reserve in federal fiscal policy, the shifts could dramatically expand usage and appetite for crypto in the U.S., which the president has vowed will become the world capital for digital assets. Opposition Democrats had suffered a crushing setback in this month's congressional actions that saw a major segment of their party support crypto initiatives. However, the larger test is still coming, when the Senate tries to move forward on its bill to establish rules for U.S. crypto markets. Now that the stablecoin oversight has been established with the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act with which Trump marked a first big win during this month's Crypto Week, the Senate needs to get sufficient support for its legislative effort on market structure, seen in partial draft form last week. Though the House of Representatives approved a similar bill known as the Digital Asset Market Clarity Act, the Senate is working on its own legislation that will need to again clear more than 60 yes votes, which means a repeat of GENIUS' hefty support from Democrats. The industry is facing a deadline next week of Aug. 5 to give the lawmakers some feedback on the discussion draft, though that date is beyond the Senate's August recess in which lawmakers will generally be away from Washington for their summer break. House lawmakers already began their recess. In the absence of Congress, Washington tends to wind down to a slower pace, but crypto is expected to continue its position near the top of the federal agenda through the rest of in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Fannie Mae Announces Scheduled Release of Second Quarter 2025 Financial Results
Company to Host Webcast WASHINGTON, July 25, 2025 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) plans to report its second quarter 2025 financial results on Wednesday morning, July 30, 2025, before the opening of U.S. financial markets. Fannie Mae has scheduled a webcast to discuss the company's results at 8:00 a.m., ET, on July 30, 2025. Prior to the webcast, the company's second quarter 2025 earnings news release, quarterly report on Form 10-Q, earnings presentation to accompany the webcast, and other supplemental information will be available on the company's Quarterly and Annual Results webpage at Following the webcast, a transcript will be published to the same webpage. WEBCAST PARTICIPATION DETAILS – Fannie Mae Second Quarter 2025 Financial Results Event day and timeWednesday, July 30, 20258:00 AM (ET) Webcast link: Click on the link above to attend the presentation from your laptop, tablet, or mobile device. The webcast will stream through your selected device. If you have difficulty accessing the webcast, please click the "Listen by Phone" button on the webcast player and dial the number provided. Follow Fannie Fannie Mae Newsroomhttps:// Photo of Fannie Maehttps:// Fannie Mae Resource Center1-800-2FANNIE View original content to download multimedia: SOURCE Fannie Mae Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
4 days ago
- Business
- Globe and Mail
Arbor Realty Trust Schedules Second Quarter 2025 Earnings Conference Call
UNIONDALE, N.Y., July 25, 2025 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (NYSE: ABR), today announced that it is scheduled to release second quarter 2025 financial results before the market opens on Friday, August 1, 2025. The Company will host a conference call to review the results at 10:00 a.m. Eastern Time on August 1, 2025. A live webcast and replay of the conference call will be available at in the investor relations section of the Company's website. Those without web access should access the call telephonically at least ten minutes prior to the conference call. The dial-in numbers are (800) 343-4136 for domestic callers and (203) 518-9843 for international callers. Please use participant passcode ABRQ225 when prompted by the operator. A telephonic replay of the call will be available until August 8, 2025. The replay dial-in numbers are (800) 839-8531 for domestic callers and (402) 220-6074 for international callers. About Arbor Realty Trust, Inc. Arbor Realty Trust, Inc. (NYSE: ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, and other diverse commercial real estate assets. Headquartered in New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a leading Fannie Mae DUS® lender, Freddie Mac Optigo ® Seller/Servicer, and an approved FHA Multifamily Accelerated Processing (MAP) lender. Arbor's product platform also includes bridge, CMBS, mezzanine, and preferred equity loans. Rated by Standard and Poor's and Fitch Ratings, Arbor is committed to building on its reputation for service, quality, and customized solutions with an unparalleled dedication to providing our clients excellence over the entire life of a loan.
Business Insider
4 days ago
- Business
- Business Insider
Democrats are probing Trump's housing chief over a plan to allow crypto to count as an asset in mortgage lending
A group of Democratic senators announced a probe of the Federal Housing Finance Agency head's plan to push Fannie Mae and Freddie Mac to count crypto as an asset when assessing mortgage risk. In June, FHFA director William Pulte announced a plan that would allow Fannie Mae and Freddie Mac to count cryptocurrency as an asset in mortgage lending assessments for single-family homes. While many Republican officials responded positively to the proposal, Democratic senators, led by Jeff Merkley, are initiating a probe into Pulte's plan. The group also includes Elizabeth Warren, Bernie Sanders, Chris Van Hollen, and Mazie K. Hirono. Risks for home buyers In a letter to the FHFA chief, the senators requested further information regarding the plan. They noted the high volatility of crypto and cited statements from consumer advocates who have expressed concern about tying the "lightly regulated and highly volatile investment asset" to the housing market, noting its importance to the broader economy. "The 2008 crisis proved that lax financial practices around risky investments can blow up the housing market—and hardworking families in Oregon and across the country paid the price. Crypto poses serious risks to the stability of the housing market. This is a risk we must address," Sen. Merkley said. The letter also references a report from Fannie Mae at the end of 2024 in which it listed crypto, private coins, and stablecoins as collateral as the "least appealing application" for blockchain technology. They take aim at a part of Pulte's proposal that says crypto can be considered as an asset without converting it to dollars. "Expanding underwriting criteria to include the consideration of unconverted cryptocurrency assets could pose risks to the stability of the housing market and the financial system," the letter said. The senators also highlight potential risk regarding crypto liquidity, referencing a report from the Corporate Finance Institute that describes the market as "far from being as large and liquid as other financial markets that professional investors would normally participate in." They also flag the high volatility in crypto as an issue they're concerned about. "To the extent that historical volatility and liquidity persists even as the market matures, a borrower using crypto faces an increased risk that they may not be able to exit a crypto position and convert to cash at a price that would allow them to buffer against risk of mortgage default." Potential conflicts of interest The letter also includes concerns regarding conflicts of interest among Trump and other administration officials with ties to the crypto market. The senators said such conflicts could "unduly influence their proposals" when it comes to further policies. "You are the current Chair of each Board, and you have stacked the Boards with members who represent FHFA personnel and your industry allies," the letter said, addressing Pulte directly.
Daily Mail
5 days ago
- Business
- Daily Mail
Trump visits the Federal Reserve building
Published: | Updated: President Donald Trump on Thursday visited the Federal Reserve building in Washington, DC, marking a rare public event with Federal Reserve Chairman Jerome Powell. Trump has complained about the massive $2.5 billion project to renovate the building, as he and his staff continue hammering Powell for the cost of the renovation project. Trump arrived with Republican Senators Tim Scott, Thom Tillis, and OMB Director Russ Vought, Chairman of Fannie Mae and Freddie Mac Bill Pulte as well as his Appointees to the National Capital Planning Commission, Deputy chief of staff James Blair and White House Staff Secretary Will Scharf. 'We're going to take a look, we're going to see what's happening and it's got a long way,' Trump said as the president and Powell wore hard hats and spoke to the press about the overall cost of the project. The visit was awkward as the Federal Reserve values it's independence, even as presidents frequently gripe about its failure to react in a timely way to boost the economy. Trump slapped Powell on the arm and joked about his refusal to cut interest rates as he discussed the costs of the project. 'We would be helped if interest rates would come down but we're going to see how the board rules on that soon,' he said. The president has repeatedly criticized Powell for refusing to cut interest rates, even as inflation has slowed. 'He's a moron,' Trump said on July 1, 'You talk to the guy, it's like talking to a nothing. It's like talking to a chair,' he added on July 15. 'No personality, no high intelligence, no nothing.' Trump has since encouraged Powell to step down. 'I'd love it if he wants to resign,' Trump said on July 16, repeating earlier criticisms of him acting 'too late' on inflation. Powell has said the Federal Reserve continues to monitor the results of Trump's tariffs on inflation, before an interest rate cut could be approved. The increased pressure on Powell over the renovation project appears a familiar tactic by Trump to give him a pretense to fire the chairman. The stock market fell when Trump floated the idea of firing Powell to Republican senators, but he later told reporters he would not do so. The Federal Reserve briefed reporters ahead of Trump's visit, as they blamed tariffs and inflation for the increased cost of rennovating the building, as well as the increased cost of materials and security features.
