Fannie Mae and Freddie Mac are quietly stockpiling mortgages
Monthly purchases of $13 billion in mortgages and MBS may be taking pressure off mortgage rates — and setting the stage for a more attractive public offering. Continue reading
Monthly purchases of $13 billion in mortgages and MBS may be taking pressure off mortgage rates — and setting the stage for a more attractive public offering. Continue reading
Billionaire investor Bill Ackman floats plan to relist mortgage giants on the New York Stock Exchange this year, but says it’s too soon for the government to sell any of its stake. Continue reading
FHFA acting Inspector General John “Joe” Allen is set to be fired, Reuters reports, and the position is now vacant as the mortgage giants move toward a public offering. Continue reading
For the real estate and mortgage industries, it remains to be seen how the new course the Trump administration has set for Fannie and Freddie will impact homebuyers. Continue reading
Fannie Mae President and CEO Priscilla Almodovar has been replaced on an interim basis by Chief Operating Officer Peter Akwaboah. FHFA Director Bill Pulte fired Freddie Mac CEO Diana Reid in March after board shakeup. Continue reading
Investors who kept the faith even as the iBuyer’s stock price was plummeting earlier this summer are being rewarded now with a surge following the announcement of Kaz Nejatian as the new CEO. Continue reading
Shares in Hubzu operator touched a new 52-week low Friday after the company released details of its plan to pay off a portion of its nearly $200 million in debt. Continue reading
Knock, a real estate technology company that facilitates a buy-now, sell-later financing model called Home Swap, is officially in Chicago, the company announced, in combination with news that it’s now offering a $5,000 on-time closing promise. Continue reading
Robert Reffkin told The Real Deal that Compass doesn’t plan to go public in the 18 months but declined to say if WeWork’s struggles have anything to do with it. Continue reading
Publicly-traded flat-fee brokerage Redefy announced on Wednesday a new private securities offering of up to $6 million to fuel anticipated growth. Continue reading