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Freddie & Fannie Soar

It will take a high level commitment from the outset:

“A new Treasury secretary is also probably going to have to go through six to nine months of doing the rounds, and talking to people and hearing the enthusiasm, before they figure out that Congress isn’t going to do anything,” Calabria said in remarks given Monday at a Community Home Lenders of America (CHLA) event in Washington, D.C.

“And so, if you start from the premise of ‘Congress is unlikely to do anything,’ then what do you have to do? There’s nothing about the conservatorship that changes the implied guarantee. Despite what maybe some people in capital markets may believe, there’s no guarantee in conservatorship; there’s no guarantee out of conservatorship.”

The chances of the agencies going private in 2025 is “zero,” Calabria said. “But by [2027] I would say there’s maybe 70% chance. … Almost every decision you think you have to make, we scoped out. All those millions of dollars with my go ahead, low-key actually produced documents. So, there are plans; there are options. You can get them out. It’s all feasible, doable.”

finance.yahoo.com

Fannie and Freddie aren’t going private anytime soon, Mark Calabria says

The former FHFA director said that Donald Trump will try to privatize the GSEs if he’s reelected, but the move won’t happen in 2025.
finance.yahoo.com finance.yahoo.com
 
So, FNMA doesn't have earnings ($0.0), but its revenue goes to the Treasury. The last earnings report said:

"The loan pool awarded in this most recent transaction includes:
Pool 1: 2,924 loans with an aggregate UPB of $510,578,698; average loan size of $174,617; weighted average note rate of 3.82%; and weighted average broker's price opinion (BPO) loan-to-value ratio of 47%.
Pool 2: 3,311 loans with an aggregate UPB of $524,573,434; average loan size of $158,434; weighted average note rate of 4.03%; and weighted average broker's price opinion (BPO) loan-to-value ratio of 48%.
Pool 3: 2,443 loans with an aggregate UPB of $388,965,911; average loan size of $159,217; weighted average note rate of 3.96%; and weighted average broker's price opinion (BPO) loan-to-value ratio of 49%."


Interesting that they don't say what FNMA 'paid' for the loans they are selling, or its why they don't have earnings. I'd love to sea an objective financial analyst that would come up with a plan that would be fair and honest, and not something that throws another trillion onto the national debt.
 
Why don't you folks want Fannie's earnings to go to the treasury? Isn;t that the way the deficit gets paid down and avg people benefit?

If it privatizes, the benefits go to wealthier shareholders, and without govt oversight, what remains of appraisal requirements and oversight might be gone.

You'll miss the bad old days when a few words banned in PAVE was the problem - try no appraisal work at all in privatization. I bet Musk will come up with a lucrative contract for himself to value it all with AI-
 
J Grant said:
Why don't you folks want Fannie's earnings to go to the treasury? Isn;t that the way the deficit gets paid down and avg people benefit?

If it privatizes, the benefits go to wealthier shareholders, and without govt oversight, what remains of appraisal requirements and oversight might be gone.

You'll miss the bad old days when a few words banned in PAVE was the problem - try no appraisal work at all in privatization. I bet Musk will come up with a lucrative contract for himself to value it all with AI-
Click to expand...
Has anyone ever explained "risk" to you? Do you think there is any risk in a $7 trillion portfolio of real estate mortgages?
 

"The new administration is widely expected to resume a push to remove Fannie Mae and Freddie Mac, the two national mortgage behemoths that buy up huge quantities of loans, from government control."

"“It’s really a question, not so much of ‘whether,’ but ‘how’” the change gets made, said Michael Fratantoni, chief economist at the Mortgage Bankers Association."
 
Non Sequitur said:

"The new administration is widely expected to resume a push to remove Fannie Mae and Freddie Mac, the two national mortgage behemoths that buy up huge quantities of loans, from government control."

"“It’s really a question, not so much of ‘whether,’ but ‘how’” the change gets made, said Michael Fratantoni, chief economist at the Mortgage Bankers Association."
Click to expand...

they better be concerned about that gigantic bubble that the gse's inflated via waivers... :unsure: :ROFLMAO:
 
J Grant said:
Why don't you folks want Fannie's earnings to go to the treasury? Isn;t that the way the deficit gets paid down and avg people benefit?

If it privatizes, the benefits go to wealthier shareholders, and without govt oversight, what remains of appraisal requirements and oversight might be gone.

You'll miss the bad old days when a few words banned in PAVE was the problem - try no appraisal work at all in privatization. I bet Musk will come up with a lucrative contract for himself to value it all with AI-
Click to expand...

more fear mongering... :ROFLMAO:
 
J Grant said:
Why don't you folks want Fannie's earnings to go to the treasury? Isn;t that the way the deficit gets paid down and avg people benefit?

If it privatizes, the benefits go to wealthier shareholders, and without govt oversight, what remains of appraisal requirements and oversight might be gone.

You'll miss the bad old days when a few words banned in PAVE was the problem - try no appraisal work at all in privatization. I bet Musk will come up with a lucrative contract for himself to value it all with AI-
Click to expand...
Are you looking at the public trust standpoint for investors?
 
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