Showing posts with label Freddie Mac. Show all posts
Showing posts with label Freddie Mac. Show all posts
Friday, February 14, 2014

The shrinking MBS market

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As discussed earlier , the supply of mortgage-backed securities (MBS) continues to fall behind the potential demand - even with the Fed...
Wednesday, November 20, 2013

Key trends in US mortgage markets

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The recent increase in long-term rates is causing major changes in the mortgage markets. Here are some key trends: 1. Refinancing activi...
Tuesday, August 6, 2013

Freddie Mac takes the first step in transferring mortgage default risk to the private sector

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NY Times : - In an appearance in Phoenix, Mr. Obama will endorse bipartisan efforts in the Senate to wind down the two companies and end ...
Monday, October 1, 2012

Agency MBS market will be shrinking rapidly

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The chart below shows fixed rate agency MBS issuance since the financial crisis. With the Fed taking out some half of this gross issuance ...
Sunday, August 19, 2012

US Treasury shrinking the GSEs, capping taxpayer support

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The US Treasury has restructured its holdings in the GSEs with the ultimate goal of shrinking the US government's dominant role in the...
Monday, January 30, 2012

Freddie Mac's "inverse floater" allowed more loan origination

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Everybody is up in arms today about the Propublica story discussing Freddie Mac "betting against the borrowers" (hat tip Mike K...
Wednesday, January 18, 2012

The Fed's profits

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A NY Times (Dealbook) post today by Steve Davidoff compares the Fed to a hedge fund. NY Times : I call the Fed a hedge fund because it i...
Monday, November 2, 2009

Ginnie Mae and the government sponsored mortgage machine

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A quick look at who is taking all the risk on new mortgages this year reveals some interesting facts. The chart below from the Fed shows so...
Sunday, August 9, 2009

How can the housing market be stabilizing? $1.55 trillion of new government funds, that's how.

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From agriculture to autos to insurance, the US government is throwing taxpayers' money at various industries. The largest beneficiar...