Category: Freddie Mac

How Successful Has TARP Been After Seven Years?

DSNews  BY:  Brian Honea  January 2, 2016 Saturday, October 3, 2015, marked the seven-year anniversary of then-President George W. Bush signing the government’s Troubled Asset Relief Program (TARP) into law in order to help stabilize financial markets and restore Americans’ confidence in the economy. TARP became law in 2008 at the depth of the financial […]

Exposure to Risk is Declining for Fannie Mae and Freddie Mac—But So Are Revenues

DSNews  BY: Brian Honea  November 17, 2015 Seven years after the housing market crashed, serious delinquency rates for most mortgage portfolios are at or near pre-recession levels, and the GSEs are no exception. The GSEs’ exposure to credit risk from mortgages originated during the years of the housing bubble continues to be “significant but declining,” […]

Freddie Mac to Auction $410 Million Worth of Delinquent Mortgage Loans

DSNews:  Author: Brian Honea January 24, 2015 Government-sponsored enterprise Freddie Mac has announced that it will begin its second sale of “deeply delinquent” mortgage loans in three pools worth approximately $410 million. Delinquent loans left over from a wave of foreclosures following the housing bust have dogged Freddie Mac and its sister GSE, Fannie Mae. […]

Watt Insists 3 Percent Down Payment Loans Are Not Riskier Than Those With Lower LTVs

DSNews  By: Author: Brian Honea January 27, 2015 Federal Housing Finance Director (FHFA) Mel Watt, testifying before the House Financial Services Committee, which he once sat on as a Democratic U.S. Representative for North Carolina, insisted that mortgage loans with a 3 percent down payment backed by GSEs are no more riskier than those with a […]

Report Predicts Big Year for Housing in 2015 Based on Recent Government Actions

DSNews:  Author: Tory Barringer January 12, 2015 With 2015 less than two weeks underway, Fitch Ratings is the latest forecaster predicting great things for housing in the coming year. However, unlike other commentators, whose projections were based on encouraging market trends, the ratings agency says it’s a combination of recent government actions that reinforces its […]

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