NAR to Congress: Turn Fannie and Freddie into Non-Profits

 · Fannie, Freddie Reform. Prior to the letter sent by NAR and the other real estate groups, NAR has suggested replacing Fannie and Freddie. As reported by Inman, NAR described a new private entity that would be regulated like a utility. NAR policy representative, Ken Fears, told Inman that the conservatorship was supposed to be temporary.

Market for home construction workers improves, still rough Banks May Take Hit on FHLB Stock Holdings JPMorgan’s Dimon threatens to quit FHA loans bill king (The King Report): Jamie Dimon – dire economic forecast. provide some immediate relief to homeowners in the form of FHA (Federal housing administration) subsidies and low mortgage rate.

Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that on June 3, 2019 fannie mae and Freddie Mac (the Enterprises) will start issuing a new, common security, the Uniform Mortgage-Backed Security (UMBS), in place of their current offerings of TBA-eligible mortgage-backed securities.

 · On July 7, a bipartisan group of six (out of twenty-two) members of the Senate Banking Committee wrote a letter to Federal housing finance agency (fhfa) director mel Watt, encouraging him to “avoid taking any steps that may facilitate the release of the government sponsored enterprises, Fannie Mae and Freddie Mac, out of conservatorship without.

Freddie Mac expands its multifamily executive team Freddie Mac expands its multifamily executive team May 21, 2019 / in Uncategorized / by Lindsay Freddie Mac recently announced it expanded its multifamily mortgage banking team, appointing Geri Borger Urgo, Catherine Evans, Michael Case and Amanda Nunnink to newly expanded VP positions.

he told congress he was concerned about the planned drawdown and not to be surprised if he took steps to protect some of the GSE’s capital buffers. The GSEs clearly had this in mind when Freddie and.

Homebridge appoints Jimmy Yerman as its new Mid-Atlantic regional manager Private-Label Securitization Market Starts to Thaw with Jumbo Prime RMBS Competitively, we continue to be in a strong market share position with a share of $23.6% in. those larger markets that have deteriorated so much this past year. If that starts to flatten out, we.Homebridge Financial Services has bolstered its Mid-Atlantic region presence with the addition of Jimmy Yerman in the role of Regional Manager.. Yerman will be based in Homebridge's new baltimore office. “The.CMBS Delinquency Rate Triples From a Year Ago, Passes 7%: Realpoint Delinquencies among CMBS 2.0+ loans jumped five basis points higher to 0.70% in April. The cmbs 2.0+ delinquency rate has only increased by 15 basis points year over year, but that reading has improved in just four of the last 12 months. The delinquency rate for CMBS 1.0 debt moved one basis point higher to 46.46% in April.

NAR’s plan would transition fannie mae and Freddie Mac into private, shareholder-owned utilities that would continue to purchase, guarantee and securitize single-family and multifamily mortgage loans. "By retaining an emphasis on private capital, our model protects taxpayers, consumers and the U.S. economy," Smaby continued.