All articles tagged with #mortgage market
Originally Published 5 months ago — by Axios
The Trump administration is planning to sell 5-15% of shares in Fannie Mae and Freddie Mac, potentially raising up to $30 billion, as part of a broader effort to privatize or restructure these government-backed mortgage giants, which could significantly impact the mortgage market.
Originally Published 5 months ago — by The New York Times
The Trump administration is considering selling shares of Fannie Mae and Freddie Mac on the stock market to reduce government control, potentially raising billions and allowing private investment, while discussions about maintaining government oversight continue.
Originally Published 7 months ago — by CNN
Hedge funds, notably Pershing Square Capital led by Bill Ackman, are poised to profit from a potential public offering of Fannie Mae and Freddie Mac, which could significantly impact the US mortgage market by potentially increasing mortgage rates and affecting housing affordability. The move, supported by some investors but opposed by others and policymakers, involves complex financial and political considerations, including the risk of destabilizing a crucial part of the US housing finance system.
Originally Published 1 year ago — by ForexLive
US commercial real estate and the banks holding the loans are facing dark days ahead as uncertainties loom over the size of potential losses and how they will be managed. The office real estate sector is severely impacted by work-from-home changes, leading to high vacancies and tenants demanding lower rents. With an estimated $1.2 trillion of commercial mortgages set to mature this year and next, banks are at risk, especially small/regional ones, as they lack the capacity to absorb significant losses. The situation has sparked concerns in the bond market, reflecting the precariousness of the current scenario.
Originally Published 2 years ago — by Mish Talk
Mortgage company Guaranteed Rate is demanding that ex-employees return their signing bonuses, ranging from $100,000 to a million dollars, on the basis that it was a loan. The company, along with its affiliates, has sued former employees who have refused to repay the bonuses, citing violation of agreements and promissory notes. The mortgage market has experienced a significant downturn, leading to lenders seeking the return of bonuses. The situation highlights the challenges faced by mortgage brokers in a struggling market and the legal disputes that can arise over signing bonuses.
Originally Published 2 years ago — by Fortune
Jeff Sprecher, CEO of Intercontinental Exchange (ICE), has acquired home loan servicing and data analytics provider Black Knight for $11.9 billion, aiming to revolutionize the mortgage industry by streamlining and digitizing the loan process. With the integration of Black Knight into ICE's existing mortgage technology, Sprecher plans to provide homeowners with real-time data on their property values, access to the best loan products, and constant updates on refinancing options. The goal is to create a low-cost, digitized platform that reduces the average cost of securing a mortgage and shortens the time from origination to closing. Additionally, the platform aims to empower lenders with greater marketing reach and borrowers with immediate access to the best deals, fostering loyalty and lowering costs for consumers.
Originally Published 2 years ago — by The Economist
Despite the highest interest rates in years, American house prices are not falling due to peculiarities in the mortgage market. The efficacy of egg-freezing in giving women more control over childbearing is questioned due to limited data. Isabel Crook, an anthropologist who embraced China's communist transformation, is remembered for her work.