Former Fannie Mae and Freddie Mac chief executives Tim Mayopoulos and Michael DeVito are joining a newly formed advisory board in conjunction with a funding round led by Khosla Ventures. Continue reading
Mortgage giants Fannie Mae and Freddie Mac continued to grow their net worth as firm home prices and low default rates allowed them to release billions of dollars previously reserved for losses. Continue reading
The $68 billion in single-family mortgages Fannie Mae acquired during the first quarter made it the slowest period in more than 20 years. Continue reading
By one measure, the mortgage giants have built up two-thirds of the reserves needed for them to be released from government conservatorship. Continue reading
Fannie and Freddie remain profitable but are setting aside pots of money to cover future losses that could result from falling home prices. Continue reading
The mortgage giant generated a $2.5 billion profit and grew its mortgage portfolio by 14 percent despite dramatic declines in new purchase loans and refinancing. Continue reading
Both companies benefited from rising home prices, and a resurgence in refinancings prompted by falling mortgage rates, which have come down from 2021 peaks seen in March. Continue reading