Latest news with #Freddie Mac
Yahoo
a day ago
- Business
- Yahoo
What is Team Trump thinking when it comes to future of Fannie, Freddie?
-- Team Trump is exploring ways to monetize the U.S. government's stakes in mortgage giants Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC), with an initial sale of up to $30 billion possible 'as soon as this winter,' according to TD Cowen. The White House's focus is on 'the government realizing a return rather than on the GSEs raising new capital,' the analysts said, adding that under the plan, 'GSEs stay in conservatorship' with 'an implicit government backstop.' TD Cowen cautioned that 'having the government monetize its investments in Fannie and Freddie is more complex than it may appear.' Key hurdles include 'shareholder rights,' 'control of the boards of directors,' 'valuation,' 'commitment fee,' and 'limits on what the GSEs may do,' as well as the 'potential to merge the GSEs prior to any sales.' The bank said there is 'a path' for President Donald Trump to move forward, but it would require 'political risks that could impact both his popular support and GOP prospects in the midterm election.' Despite those challenges, TD Cowen sees 'reason for optimism' that the administration could begin sales, even if not by winter. One possibility is that 'Trump could just do it regardless of political and market risk,' a tactic the firm calls 'the tariff approach,' akin to his trade policy decisions. Another option could be selling a stake to 'a foreign sovereign wealth fund' or transferring control of the holdings to 'a newly created domestic sovereign wealth fund,' both of which TD Cowen said 'could involve less market and political risk.' Related articles What is Team Trump thinking when it comes to future of Fannie, Freddie? Clients buying into summer rally, bracing for later pullback, says BofA's Hartnett If Powell goes, does Fed trust go with him? Sign in to access your portfolio
Globe and Mail
2 days ago
- Business
- Globe and Mail
Freddie Mac Discloses Dodd-Frank Act Stress Test Results
MCLEAN, Va., Aug. 15, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today posted the results of its 2024 and 2025 stress tests for the severely adverse scenario conducted under U.S. Federal Housing's implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The results are available at Freddie Mac's mission is to make home possible for families across the nation. We promote liquidity, stability and affordability in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | X | LinkedIn | Facebook | Instagram | YouTube MEDIA CONTACT: Fred Solomon 703-903-3861 Frederick_Solomon@ 571-382-3630
Bloomberg
08-08-2025
- Business
- Bloomberg
Tense Trump-Modi Call; Fannie, Freddie $30B IPO
On today's episode of Bloomberg Businessweek Daily, Carol Massar and Jess Menton, speak with Mike McKee on the The Trump administration is considering selling shares of Fannie Mae and Freddie Mac in an offering that could start as early as this year. They also spoke with Wendy Culter, Vice President at the Asia Society Policy Institute, on US trade policy with India and China, and Mark Mahaney Senior Managing Director and Head of Internet Research at Evercore ISI, on the health of the tech sector following the latest wave of earnings. (Source: Bloomberg)
Yahoo
10-07-2025
- Business
- Yahoo
Mortgage rates move higher, ending six straight weeks of declines
For the first time in six weeks, mortgage rates are trending up. The average 30-year fixed mortgage rate was 6.72% through Wednesday, up from 6.67% a week earlier, according to Freddie Mac data. The average 15-year mortgage rate was 5.82%, up from 5.80% last week. The June jobs report showed that the labor market remains strong and unemployment is ticking down slightly. Those factors point to a lower likelihood of a July interest rate cut by the Federal Reserve. By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy The Fed does not directly control mortgage rates, but rates move based on expectations about future rate cuts. Additionally, the 10-year Treasury yield, which mortgage rates closely follow, has begun to see an uptick. Read more: 2025 housing market: Is it a good time to buy a house? While this week saw a slight increase in mortgage rates, they have remained within the 6% to 7% range throughout 2025. In spite of the fluctuations, mortgage applications are still steadily on the rise. According to a weekly Mortgage Bankers Association survey, last week mortgage applications were nearly 2.7% higher than the previous week. Learn more: Mortgage rates in every state 'We are seeing home purchase and refinance applications respond to the downward trajectory in rates, increasing by 25% and 56%, respectively, compared to the same time last year,' Sam Khater, Freddie Mac's chief economist, said in a statement. As home prices in some regions of the country are declining, pending home sales have also seen a slight uptick, according to the National Association of Realtors. In May, pending home sales increased 0.8% over the previous month. On a wider scale, however, high mortgage rates are inhibiting new home purchases: New home sales are 6.3% lower compared to one year ago. Existing home sales are also down 0.7% from last year. 'The reduction in sales is leading to slightly higher inventory levels and will help create a more buyer-friendly housing market, but the process is expected to be a gradual one as economic uncertainty persists,' Senior Economist Anthony Smith said in a statement. Sign up for the Mind Your Money newsletter 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
Yahoo
10-07-2025
- Business
- Yahoo
Mortgage rates move higher, ending six straight weeks of declines
For the first time in six weeks, mortgage rates are trending up. The average 30-year fixed mortgage rate was 6.72% through Wednesday, up from 6.67% a week earlier, according to Freddie Mac data. The average 15-year mortgage rate was 5.82%, up from 5.80% last week. The June jobs report showed that the labor market remains strong and unemployment is ticking down slightly. Those factors point to a lower likelihood of a July interest rate cut by the Federal Reserve. By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy The Fed does not directly control mortgage rates, but rates move based on expectations about future rate cuts. Additionally, the 10-year Treasury yield, which mortgage rates closely follow, has begun to see an uptick. Read more: 2025 housing market: Is it a good time to buy a house? While this week saw a slight increase in mortgage rates, they have remained within the 6% to 7% range throughout 2025. In spite of the fluctuations, mortgage applications are still steadily on the rise. According to a weekly Mortgage Bankers Association survey, last week mortgage applications were nearly 2.7% higher than the previous week. Learn more: Mortgage rates in every state 'We are seeing home purchase and refinance applications respond to the downward trajectory in rates, increasing by 25% and 56%, respectively, compared to the same time last year,' Sam Khater, Freddie Mac's chief economist, said in a statement. As home prices in some regions of the country are declining, pending home sales have also seen a slight uptick, according to the National Association of Realtors. In May, pending home sales increased 0.8% over the previous month. On a wider scale, however, high mortgage rates are inhibiting new home purchases: New home sales are 6.3% lower compared to one year ago. Existing home sales are also down 0.7% from last year. 'The reduction in sales is leading to slightly higher inventory levels and will help create a more buyer-friendly housing market, but the process is expected to be a gradual one as economic uncertainty persists,' Senior Economist Anthony Smith said in a statement. Sign up for the Mind Your Money newsletter 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
