Latest news with #conservatorship
Yahoo
2 days ago
- Entertainment
- Yahoo
Britney Spears ‘Blindsided' by Ex Over Explosive Memoir Announcement, Says Source
is reportedly feeling 'blindsided' by her ex-husband, Kevin Federline, who recently announced his new tell-all book. The upcoming memoir titled 'You Thought You Knew' has promised to share details about the dancer and DJ's former marriage with the singer. It will reportedly also look back at Spears' 13-year conservatorship. Amid this, according to the latest claims, the pop star is not taking the memoir announcement well. Moreover, Spears could even hit back at Federline with a legal fight. Britney Spears is not taking ex-husband's decision to come out with a memoir, says source A new report suggests Britney Spears is not looking forward to Kevin Federline's upcoming memoir, 'You Thought You Knew.' Rob Shuter's #ShuterScoop exclusively learned from sources that the 43-year-old singer is 'furious and terrified' over the announcement. Spears and Federline were married from 2004 to 2007. The memoir will reportedly include details about that period, as well as the pop icon's mental health and 13-year conservatorship. Following Federline's announcement, Spears has reportedly been feeling 'blindsided.' It comes after the mother of two released her memoir 'The Woman in Me' in 2023. A close friend told #ShuterScoop that Spears is 'livid.' They claimed that Federline 'said nothing when she was paying his bills.' The friend wondered, 'But now that the checks stopped, he's ready to talk?' Last year, TMZ reported that Spears sent her final child support payment to Federline in November. This was after their youngest son, Jayden James, turned 18 and finished high school. The former couple also shares their elder son Sean Preston. Meanwhile, #ShuterScoop learned that Spears 'thought she was finally healing' after her book garnered public support. However, the 'Gimme More' hitmaker is now reportedly 'back on defense' amid her ex-husband's memoir announcement. The friend stated, 'This isn't about truth,' and added, 'It's about money and relevance.' Spears is reportedly also considering legal action, according to the exclusive report. The source claimed that she is 'ready to go to war.' Kevin Federline's 'You Thought You Knew' will be released on October 21. The post Britney Spears 'Blindsided' by Ex Over Explosive Memoir Announcement, Says Source appeared first on Reality Tea. Solve the daily Crossword
Yahoo
16-07-2025
- Business
- Yahoo
Housing market watch: Would taking Freddie Mac and Fannie Mae public drive up mortgage rates in 2026?
Want more housing market stories from Lance Lambert's ResiClub in your inbox? Subscribe to the ResiClub newsletter. 5 work-from-home purchases worth splurging for This 'Iron Dome' for mosquitoes shoots down bugs with lasers Managers think employees should take a break from work—but they don't promote the ones who do Earlier this month, President Donald Trump signed his party's reconciliation/tax overhaul bill. With reconciliation/taxes now in the rearview mirror, Freddie Mac and Fannie Mae conservatorship could move up the docket. After all, back in May, Treasury Secretary Scott Bessent said that privatizing Fannie Mae (the Federal National Mortgage Association, or FNMA) and Freddie Mac (the Federal Home Loan Mortgage Corporation, or FHLMC) would be on the agenda after taxes and trade deals. 'It [privatization of Fannie Mae and Freddie Mac] is a goal for this administration,' Bessent said in May. 'Again, we're doing peace deals, tax deals, and trade deals. As we land some of those deals, then we will focus on that [privatization of Fannie Mae and Freddie Mac]. But what I can tell you is that we are doing a great deal of studying at Treasury, because the one requirement for this privatization is that they are privatized in such a way that mortgage spreads do not widen.' One reason housing stakeholders should pay attention to the fate of Freddie Mac and Fannie Mae is the long-standing concern that ending conservatorship could put upward pressure on mortgage rates. See, once released, Fannie Mae and Freddie Mac could need to hold more capital to absorb losses. To build and maintain that capital, they may need to increase guarantee fees charged to lenders. In addition, upon release, unless there's an 'explicit guarantee' or backstop from Congress, investors may demand higher returns to account for increased risk. Those concerns are real enough that this spring, both Bessent and Federal Housing Finance Agency (FHFA) Director Bill Pulte said that Freddie Mac and Fannie Mae conservatorship changes wouldn't be made if doing so put upward pressure on mortgage rates/mortgage spreads. 'The priority for a Fannie and Freddie release, the most important metric that I'm looking at is any study or hint that mortgage rates would go up. Anything that is done around a safe and sound release [of Fannie Mae and Freddie Mac] is going to hinge on the effect of long-term mortgage rates,' Bessent said in February. While Bessent has suggested they're looking into 'privatization,' Pulte has indicated that it's not really the 'privatization' of Fannie Mae and Freddie Mac, but rather it's taking them 'public.' To be honest, I'm not entirely sure what he's getting at. Maybe keeping them in conservatorship but selling off more shares? I'm not sure. 'At Fannie Mae, we have $4.3 trillion on our balance sheet. At Freddie Mac, we have over $3 trillion,' Pulte said in May. 'I would point you to his [Trump's May] tweet. He explicitly says he wants to take them [Fannie Mae and Freddie Mac] public—he did not say he wants to privatize them or many of the other things that are out there. I think these businesses have a ton of value. These businesses one day could be worth trillions of dollars. We'll see what the president ultimately decides.' While the U.S. Treasury owns the majority of Fannie Mae and Freddie Mac profits through senior preferred stock agreements, the common and preferred shares that existed before conservatorship were never fully wiped out. Once Wall Street realized Trump had won the 2024 election, the stocks of Fannie Mae and Freddie Mac spiked as the market priced in higher odds that the second Trump administration would attempt to end the current status quo. Looking at their share prices today, it's clear that either Wall Street or retail investors (or both) think something new is still on the horizon for Freddie Mac and Fannie Mae. As noted above, Pulte made comments in May that seemed to suggest that what they're considering could just be selling off/releasing some of the Freddie Mac and Fannie Mae stocks currently held by the government, and maybe not a full release. To better understand what the Trump administration is planning to do with Freddie Mac and Fannie Mae—and how their concerns that a release could put upward pressure on mortgage rates—we reached out to Pulte to see if he'd speak at ResiDay 2025 on Friday, November 7. He said yes. By the time ResiDay 2025 rolls around, we may already have a much clearer picture of what the administration is planning to do—or not do—with Freddie Mac and Fannie Mae. Even then, there will be several other timely topics we'd like to ask Pulte about. That could include how they plan to implement any Freddie Mac/Fannie Mae changes, Fannie Mae and Freddie Mac accepting VantageScore 4.0 for mortgage underwriting, and his public attacks on Fed Chair Jerome Powell. Here's a quick Q&A if you're looking for a refresher on Freddie Mac and Fannie Mae. Fannie Mae and Freddie Mac were placed into conservatorship by the FHFA in September 2008 after suffering massive losses during the housing crash, threatening the stability of the U.S. financial system. The U.S. Treasury provided a bailout to keep them afloat, and they have remained under government control ever since—despite returning to profitability. Freddie Mac and Fannie Mae are government-backed enterprises that help keep the U.S. mortgage market running smoothly. They don't issue home loans themselves—instead, they buy mortgages from lenders, bundle them into mortgage-backed securities, and guarantee those securities against default. This process creates a steady flow of capital, helping lenders offer more mortgages and keeping mortgage rates lower. Because Freddie Mac and Fannie Mae set strict standards for the loans they buy, Freddie and Fannie shape how lenders underwrite mortgages. Their policies also influence who gets access to credit, especially first-time and lower-income buyers. During downturns, Freddie Mac and Fannie Mae, in theory, help stabilize the housing market by continuing to support lending. While Fannie and Freddie are not officially backed by the full faith and credit of the U.S. government, they are in federal conservatorship and widely perceived as having 'implicit' government support. IF Freddie Mac and Fannie Mae were fully released without an 'implicit' or 'explicit' government guarantee, Moody's chief economist Mark Zandi tells ResiClub he thinks it could push up mortgage rates by 60 basis points (bps) to 90 bps. So, for instance, a 60 bps increase would push the average 30-year fixed mortgage rate today from 6.82% to 7.42%. 'Release of the GSEs [government-sponsored enterprises] as SIFIs [systemically important financial institutions] with no government guarantee, explicit or implicit—this would add an estimated 60 to 90 basis points to 30-year fixed mortgage rates, compared to the current status quo for the typical borrower through the business cycle,' Zandi told ResiClub earlier this year. 'Without a government guarantee, the Federal Reserve would not be able to buy the GSEs' MBS [mortgage-backed security], and there is the risk that the rating agencies would downgrade the GSEs' debt and securities. The GSEs' share of the mortgage market would significantly decline, and it would increase for private lenders and the FHA, resulting in greater taxpayer exposure, as taxpayers bear all the risk in FHA loans.' IF Freddie Mac and Fannie Mae are released with an 'implicit' or 'explicit' government guarantee, Zandi thinks the mortgage rate impact would be much smaller. This post originally appeared at to get the Fast Company 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
15-07-2025
- Entertainment
- Yahoo
Justin Bieber Leaning on Britney Spears Bit More Amid Rumors of Conservatorship, Says ‘Source'
Rumors of a conservatorship have had leaning on Britney Spears a bit more as he believes she understands him. Reports previously revealed that his behavior sparked concerns among fans and friends, leading to talks of a conservatorship. These claims surfaced while buzz about Justin and Hailey Bieber's divorce remains afloat. Now, a source alleged that Spears seemingly reached out to him last month offering support and that he has been relying on her ever since. The Globe Magazine learned that Justin Bieber has turned to Britney Spears because he feels 'trapped' amid conservatorship rumors. A source claimed he has been in 'panic mode right now' and feels that 'nobody understands what he's going through.' He fears there could be a looming 'intervention' and has started relying on Spears for 'emotional support' ever since she approached him in June. Bieber has reportedly been 'terrified' of the situation. Moreover, he believes that the pop icon, who herself was under conservatorship for over a decade, 'is the only one who truly gets it.' The source added that the dad of one 'feels trapped,' and could be the reason why he has turned to Spears. Previously, The U.S. Sun cited powerhouse legal expert Jamie Wright, who hinted at a potential conservatorship in light of his recent behavior. In May, Life & Style reported that Britney Spears was feeling 'maternal' towards Justin Bieber amidst his and Hailey's divorce rumors. Back then, she offered support to the singer and Hailey. Spears was there for him during his supposed difficult times. Although she didn't directly 'interfere or make assumptions,' Spears let their 'mutual contacts' know that Justin could count on her. Rumors have since dialed down as the Biebers recently enjoyed a Martin Garrix concert in Los Angeles. Originally reported by Nikita Mahato on Reality Tea. The post Justin Bieber Leaning on Britney Spears Bit More Amid Rumors of Conservatorship, Says 'Source' appeared first on Mandatory.
Fast Company
14-07-2025
- Business
- Fast Company
Housing market watch: Would taking Freddie Mac and Fannie Mae public drive up mortgage rates in 2026?
Want more housing market stories from Lance Lambert's ResiClub in your inbox? Subscribe to the ResiClub newsletter. Earlier this month, President Donald Trump signed his party's reconciliation/tax overhaul bill. With reconciliation/taxes now in the rearview mirror, Freddie Mac and Fannie Mae conservatorship could move up the docket. After all, back in May, Treasury Secretary Scott Bessent said that privatizing Fannie Mae and Freddie Mac would be on the agenda after taxes and trade deals. 'It [privatization of Fannie and Freddie] is a goal for this administration,' Treasury Secretary Scott Bessent said in May. 'Again, we're doing peace deals, tax deals, and trade deals. As we land some of those deals then we will focus on that [privatization of Fannie and Freddie]. But what I can tell you is that we are doing a great deal of studying at Treasury because the one requirement for this privatization is that they are privatized in such a way that mortgage spreads do not widen.' One reason housing stakeholders should pay attention to the fate of Freddie Mac and Fannie Mae is the long standing concern that ending conservatorship could put upward pressure on mortgage rates. See, once released, Fannie Mae and Freddie Mac could need to hold more capital to absorb losses. To build and maintain that capital, they may need to increase guarantee fees charged to lenders. In addition, upon release, unless there's an 'explicit guarantee' or backstop from Congress, investors may demand higher returns to account for increased risk. Those concerns are real enough that this spring, both Treasury Secretary Scott Bessent and Federal Housing Finance Agency (FHFA) director Bill Pulte said that Freddie Mac and Fannie Mae conservatorship changes wouldn't be made if doing so put upward pressure on mortgage rates/mortgage spreads. 'The priority for a Fannie and Freddie release, the most important metric that I'm looking at is any study or hint that mortgage rates would go up. Anything that is done around a safe and sound release [of Fannie Mae and Freddie Mac] is going to hinge on the effect of long-term mortgage rates,' Treasury Secretary Scott Bessent said in February. While Bessent has suggested they're looking into 'privatization,' Pulte has indicated it's not really Fannie Mae and Freddie Mac 'privatization,' but rather taking them 'public.' To be honest, I'm not entirely sure what he's getting at. Maybe keeping them in conservatorship but selling off more shares? I'm not sure. 'At Fannie Mae we have $4.3 trillion on our balance sheet. At Freddie Mac, we have over $3 trillion,' Pulte said in May. 'I would point you to his [Trump's May] tweet. He explicitly says he wants to take them [Fannie Mae and Freddie Mac] public—he did not say he wants to privatize them or many of the other things that are out there. I think these businesses have a ton of value. These businesses one day could be worth trillions of dollars. We'll see what the president ultimately decides.' While the U.S. Treasury owns the majority of Fannie Mae and Freddie Mac profits through senior preferred stock agreements, the common and preferred shares that existed before conservatorship were never fully wiped out. Once Wall Street realized Trump had won the 2024 election, the stocks of Fannie Mae and Freddie Mac spiked as the market priced in higher odds that the second Trump administration would attempt to end the current status quo. Looking at their share prices today, it's clear that either Wall Street or retail investors (or both) think something new is still on the horizon for Freddie Mac and Fannie Mae. As noted above, Pulte made comments in May that seemed to suggest that what they're considering could just be selling off/releasing some of the Freddie Mac and Fannie Mae stocks currently held by the government, and maybe not a full release. To better understand what the Trump administration is planning to do with Freddie Mac and Fannie Mae—and how they're considering concerns that a release could put upward pressure on mortgage rates—we reached out to Pulte to see if he'd speak at ResiDay 2025 on Friday, November 7. He said yes. By the time ResiDay 2025 rolls around, we may already have a much clearer picture of what the administration is planning to do—or not do—with Freddie Mac and Fannie Mae. Even then, there will be several other timely topics we'd like to ask Pulte about. That could include how they plan to implement any Freddie Mac/Fannie Mae changes; Fannie Mae and Freddie Mac accepting VantageScore 4.0 for mortgage underwriting; and his public attacks on Jerome Powell. Here's a quick Q&A if you're looking for a refresher on Freddie Mac and Fannie Mae. Why are Fannie Mae and Freddie Mac in conservatorship? Fannie Mae and Freddie Mac were placed into conservatorship by the FHFA in September 2008 after suffering massive losses during the housing crash, threatening the stability of the U.S. financial system. The U.S. Treasury provided a bailout to keep them afloat, and they have remained under government control ever since—despite returning to profitability. What do Fannie Mae and Freddie Mac do, and how do they impact the housing market? Freddie Mac and Fannie Mae are government-backed enterprises that help keep the U.S. mortgage market running smoothly. They don't issue home loans themselves—instead, they buy mortgages from lenders, bundle them into mortgage-backed securities, guarantee those securities against default. This process creates a steady flow of capital, helping lenders offer more mortgages and keeping mortgage rates lower. Because Freddie Mac and Fannie Mae set strict standards for the loans they buy, Freddie and Fannie shape how lenders underwrite mortgages. Their policies also influence who gets access to credit, especially first-time and lower-income buyers. During downturns, Freddie Mac and Fannie Mae, in theory, help stabilize the housing market by continuing to support lending. While Fannie and Freddie are not officially backed by the full faith and credit of the U.S. government, they are in federal conservatorship and widely perceived as having 'implicit' government support. What's the worst case scenario for mortgage rates if conservatorship ends without government backing? IF Freddie Mac and Fannie Mae were fully released without an 'implicit' or 'explicit' government guarantee, Moody's chief economist Mark Zandi tells ResiClub he thinks it could push up mortgage rate by 60 bps to 90 bps. So for instance, a 60 bps increase, would push the average 30-year fixed mortgage rate today from 6.82% to 7.42%. 'Release of the GSEs as SIFIs with no government guarantee, explicit or implicit—This would add an estimated 60-90 basis points to 30-year fixed mortgage rates compared to the current status quo for the typical borrower through the business cycle. Without a government guarantee, the Federal Reserve would not be able to buy the GSEs' MBS, and there is the risk that the rating agencies would downgrade the GSEs' debt and securities. The GSEs' share of the mortgage market would significantly decline, and it would increase for private lenders and the FHA, resulting in greater taxpayer exposure, as taxpayers bear all the risk in FHA loans,' Mark Zandi told ResiClub earlier this year.
The Sun
26-06-2025
- Health
- The Sun
Brian Wilson's cause of death revealed after Beach Boys legend died aged 82 following health battle
BEACH Boys legend Brian Wilson died from respiratory arrest after a series of serious health issues, his death certificate has revealed. The 82-year-old music icon 'simply stopped breathing' amid a battle with multiple infections and chronic illnesses. 3 3 3 Documents obtained by TMZ say the official cause of death is listed as respiratory arrest — a condition in which the heart keeps beating but the lungs stop working, making it impossible to take in oxygen. Sepsis and cystitis, both linked to infections, were also noted as contributing factors. The document also listed a range of associated health problems including a neurodegenerative disorder, obstructive sleep apnea, chronic respiratory failure, and chronic kidney disease. Brian's family had previously revealed he was suffering from dementia, and his overall health had significantly declined in recent years. The heartbreaking update comes just weeks after his family announced his passing, writing: 'They were heartbroken and asking for privacy during this difficult time.' Wilson co-founded the Beach Boys and led the band during its early chart-topping years, before the group famously imploded amid personal and creative tensions. His death follows another devastating loss — his wife Melinda passed away in 2024. Shortly after, his family filed for a conservatorship to manage his affairs. .
