is...waitin for the government to get rite for the people
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What is a 2 to 1 upgrade from columbine capital. ???
Never left. Saved 4.95 boom!
Everyones busy waiting on cert to happen. I for one am waiting for the Seila decision. THat one case will fix all of what congress and the swamp wont do.
maybe licking wounds but ride or die im here now for good till the end. Well maybe not the end, but another 6 months, and with a nice new mortgage rate at that i must say. Hell caneven afford to buy more now.
I agree. nothing posted.
most people have no clue on what is going on and the corruption that has tied into these entities for so many years. Id venture to say if you give them back to the people you may just strangle out the swamp outrite. GO FnF!
Exclusive: Freddie Mac hires McKinsey to review capital as government overhaul beginsREUTERS - 58 MINUTES AGO
By Michelle Price and Pete Schroeder
WASHINGTON (Reuters) - Housing finance giant Freddie Mac (FMCC) has hired management consultants McKinsey & Company to advise the firm on capital management ahead of a potential exit from government control, a spokesman said Thursday.
"After a competitive ... process, Freddie Mac (FMCC) retained McKinsey to conduct a gap assessment of our capital management capabilities and develop a roadmap to address any issues. This four-month engagement will begin in December," said a Freddie Mac (FMCC) spokesman in a statement to Reuters.
The hiring of McKinsey, which did not respond to requests for comment, suggests Freddie is taking significant steps to prep for a potential escape from a decade of government control. Freddie and fellow government-sponsored enterprise Fannie Mae were bailed out in 2008 following the subprime mortgage crisis.
But the Trump administration has vowed to end that arrangement, with the Treasury Department offering in September a set of recommendations for ending government control of the pair.
Mark Calabria, director of the Federal Housing Finance Agency that oversees the two, has emphasized that the companies need billions of dollars in additional capital before they can safely be freed from a government lifeline. The pair were only recently permitted to begin rebuilding their reserves, as the FHFA announced in September they could retain up to $45 billion in earnings.
The FHFA is also seeking an outside adviser to build a "roadmap" for recapitalizing the firms, in addition to establishing new capital standards for them.
You just keep adding to your post. Yes they can goto receivership but as of now only if there is a market downturn. They are clearly building capital and waiting for the final rule. I'm sure that is being based on the milestones he speaks of and FnF being profitable as of now derisks that for the time being
http://archive.fast-edgar.com/20191106/AEZZA22C3Z2259DL22J42ZZ2RP6FZ22RZZB2
I dont understand this
Like
the only news i see is a 5yr price outlook. probly good outlook so, the pps drops.
NEWSWIRE: Freddie Mac: Expects to Start Distributing Forecast on Quarterly Basis Beginning in 2020 >FMCC
problem is they wont give it to us till the swipe is wiped! shtbag swamp wont do anything because dems is clearly against our president, with no outrite evidence. They are wasting taxpayer money by the billions! Just look at the house vote today. Law needs to change to stop this blatant blocking of our country succeding. Its all political. As long as Trump stays in office we have a chance. Ive said it all along
Bob is alive and well yeah
Let's all gather and pray. Dear lord please dont let the government appeal be heard in the Supreme court. Also without striking me down how the F could you have allowed this type of corruption to go on for so long. I think it is you who is testing my patience. Do you not want me to drive a Ferrari or what. Please give me a sign in a shorter time than it takes for these justices to grow a sac and tell them corrupt officials they can F off an Fing cliff. Wait maybe this should be a letter to santa?
10 first-time homebuyer loans and programsDORI ZINN | BANKRATE - 8:00 AM ET
First-time homebuyers are navigating one of the toughest real estate markets in modern history. Inventory is especially tight in many areas of the country as speculators buy these homes to flip for a quick profit, and escalating costs are prompting builders to focus more on higher-end homes that are more profitable for them.
With more than 40 percent of first-time homebuyers carrying student loan debt, and the average first-time homebuyer age rising to an all-time high of 32 years old, the real estate market can be a daunting place. Luckily, there are many first-time homebuyers programs, including loans and grants, available.
Here are the best national programs, grants and loans for first-time homebuyers that can get you into a place of your own without a 20 percent down payment or sterling credit. At the end of this story, you can find state first-time homebuyer information for California, New York, Pennsylvania, Texas and Florida.
Summary: First-time homebuyer loans and programsFHA loan program: A loan insured by the Federal Housing Administration. Good for those with low credit scores and little money saved for a down payment.USDA loan program: A loan program 100 percent guaranteed by the U.S. Department of Agriculture for lower-income borrowers in eligible rural areas.VA loan program: A loan backed by the U.S. Department of Veteran Affairs that allows no down payment for military personnel, veterans and their families.Good Neighbor Next Door buyer aid program: A HUD program that provides housing aid for law enforcement officers, firefighters, emergency medical technicians and teachers.Fannie Mae (FNMA) or Freddie Mac (FMCC) loan program: Conventional loans backed by Fannie Mae (FNMA) or Freddie Mac (FMCC) require 3 percent down. Good for those with strong credit.HomePath ReadyBuyer Program: A program that provides 3 percent in closing cost assistance to first-time buyers. Must complete an educational course and buy a foreclosed Fannie Mae (FNMA) property.Energy-efficient mortgage program: Backed by FHA or VA loan programs and allows borrowers to combine the cost of energy-efficient upgrades onto a primary loan upfront.FHA Section 203(k) loan program: Borrow the funds needed to pay for home improvement projects and roll the costs into one FHA loan with your primary mortgage.Local first-time homebuyer programs and grants: Many states and cities offer first-time buyer programs and grants for down payment or closing cost assistance.Native American Direct Loan: This VA-backed program provides direct home loans to eligible Native American veterans to buy, renovate or build homes on federal trust land.1. FHA loan
Best for: Buyers with low credit and smaller down payments.
Not having enough money for a 20 percent down payment may deter you from buying a home, but it shouldn't. Insured by the Federal Housing Administration, FHA loans typically come with smaller down payments and lower credit score requirements than most conventional loans. First-time homebuyers can buy a home with a minimum credit score of 580 and as little as 3.5 percent down or a credit score of 500 to 579 with at least 10 percent down.
FHA loans have one big catch called mortgage insurance. You'll pay an upfront premium and annual premiums, driving up your overall borrowing costs. Unlike homeowners insurance, this coverage doesn't protect you; it protects the lender in case you default on the loan.
Learn more about finding the best FHA lender for you.
2. USDA loan
Best for: Borrowers with lower or moderate incomes purchasing a home in a USDA-eligible rural area.
The U.S. Department of Agriculture, or USDA, guarantees loans for some rural homes and you can get 100 percent financing. This doesn't mean you have to buy a farm or shack up with livestock, but you do have to buy a home in a USDA-eligible area.
USDA loans also have income limits based on where you live, meaning they're geared toward folks who earn lower to moderate incomes. Typically, you need a credit score of 640 or higher to qualify for a streamlined USDA loan. If your score falls short, you'll have to provide extra documentation on your payment history to get a stamp of approval.
3. VA loan
Best for: Active-duty military members, veterans and their spouses.
Many U.S. military members (active duty and veterans) are eligible for loans backed by the U.S. Department of Veterans Affairs, or VA. VA loans are a sweet deal for eligible borrowers because they come with lower interest rates than most other loan types and require no down payment. A funding fee is required on VA loans, but that fee can be rolled into your loan costs and some service members may be exempt from paying it altogether.
Other VA loan perks include no PMI or minimum credit score. If you struggle to make payments on the mortgage, the VA can negotiate with the lender on your behalf to take some stress from the equation.
4. Good Neighbor Next Door
Best for: Teachers, law enforcement, firefighters and emergency medical technicians.
The Good Neighbor Next Door program is sponsored by the U.S. Department of Housing and Urban Development (HUD). It provides housing aid for law enforcement officers, firefighters, emergency medical technicians and pre-kindergarten through 12th-grade teachers.
Through this program, you can receive a discount of 50 percent on a home's listed price in regions known as "revitalization areas." Using the program's website, you can search for properties available in your state. You must commit to living in the home for at least 36 months.
5. Fannie Mae or Freddie Mac
Best for: Borrowers with strong credit but minimal down payments.
These government-sponsored enterprises, or GSEs, set borrowing guidelines for loans they're willing to buy from conventional lenders on the secondary mortgage market.
Both programs require a minimum down payment of 3 percent. Homebuyers also need a minimum credit score of 620 (or higher, depending on the lender) and a relatively unblemished financial and credit history to qualify. Fannie Mae (FNMA) accepts a debt-to-income ratio as high as 50 percent in some cases. You'll still pay for PMI because you're putting less than 20 percent down, but you can get it canceled once your loan-to-value ratio drops below 80 percent.
6. Fannie Mae's HomePath ReadyBuyer Program
Best for: First-time homebuyers who help for closing costs willing to buy a foreclosed home.
Fannie Mae's (FNMA) HomePath ReadyBuyer program is geared toward first-time buyers interested in foreclosed homes that are owned by Fannie Mae (FNMA). After taking a required online homebuying education course, eligible borrowers can receive up to 3 percent in closing cost assistance toward the purchase of a HomePath property. The trick is finding a HomePath property in your market, which might be a challenge since foreclosures account for a smaller chunk of listings today.
7. Energy-efficient mortgage (EEM)
Best for: Homebuyers who want to make their home more energy-efficient but lack up-front cash for upgrades.
Making a home more energy efficient is good for the environment, and good for your wallet by lowering your utility bills. Making green upgrades can be costly, but you can get an energy-efficient mortgage, or EEM loan, that's insured through the FHA or VA programs.
An EEM loan lets you tack the cost of energy-efficient upgrades (think new insulation, a more efficient HVAC system or double-paned windows) onto your primary loan upfront -- all without a larger down payment.
8. FHA Section 203(k)
Best for: Homebuyers interested in purchasing a fixer-upper but who don't have a lot of cash to make major home improvements.
If you're brave enough to take on a fixer-upper but don't have the extra money to pay for renovations, an FHA Section 203(k) loan is worth a look.
Backed by the FHA, the loan calculates the home's value after improvements have been made. You can then borrow the funds needed to pay for home improvement projects and roll the costs into one loan with your primary loan amount. You'll need a down payment of at least 3.5 percent, and improvements must cost more than $5,000.
9. State and local first-time homebuyer programs and grants
Best for: First-time homebuyers who need closing cost or down payment assistance.
In an effort to attract new residents, many states and cities offer first-time homebuyer grants and programs. The aid comes in the form of grants that don't have to be repaid or low-interest loans with deferred repayment to cover down payment or closing costs. Some programs may have income limits, too. Before buying a home, check your state's housing authority website for more information.
Contact a real estate agent or local HUD-approved housing counseling agency to learn more about first-time homebuyer loans in your area.
First-time homebuyer programs by state:California first-time homebuyer grants and programsTexas first-time homebuyer grants and programsNew York first-time homebuyer grants and programsFlorida first-time homebuyer grants and programsPennsylvania first-time homebuyer grants and programs
10. Native American Direct Loan
Best for: Eligible Native American veterans wishing to buy a home on federal trust land.
The Native American Direct Loan provides financing to eligible Native American veterans to buy, improve or build a home on federal trust land. This loan differs from traditional VA loans in that the VA is the mortgage lender.
The NADL has no down payment or private insurance requirements, and closing costs are low. And you're not limited to only one property; you can get more than one NADL. Not all states are eligible, though.
Learn more:First-time homebuyer guideFHA loan ratesHow to get a mortgage with poor or bad credit© Copyright 2019 Bankrate, Inc. All rights reserved
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GO UP!!! GO FnF daddy needs a new car!
The way its jumping around lately we could still be in for a very very good day and forward week
would more say that some change fell out of the gov pockets that are overflowing
agree.
its tm morn b4 the open. i posted a link on the 27th
bumpity bump late move
3rd party! The first detailed regulatory scope from opus capital.
http://archive.fast-edgar.com/20191028/AC22BQ2EZZ2RAZZK22ZO2ZXN3G6SEZ22Z2B6
i feel ya. same here
YW. lol
boston dont be naive we all know this is blue collar gambling. Drop a notch and were watching squirrels chase a ball.
personally im lookin for a 7 billion number or close as of earnings reporting as a good start. should or could move share prices to 14 or above i would hope. as for mms holdin it down who knows. thats all spec, but who knows with FnF. LETS GO!
Fannie, Freddie Told to Prepare for Return to Private SectorBY ANDREW ACKERMAN | DOW JONES & COMPANY, INC. - 10 MINUTES AGO
AUSTIN, Texas -- Fannie Mae's (FNMA) and Freddie Mac's (FMCC) federal regulator took new steps to privatize the mortgage-finance companies on Monday, telling the firms to help lay the groundwork for their own transitions out of an 11-year government conservatorship.
In new policy goals, the Federal Housing Finance Agency for the first time released formal objectives calling for Fannie's and Freddie's return to the private sector. The companies have been in government conservatorship since the 2008 financial crisis. FHFA Director Mark Calabria, who took over the agency in April, is pressing to privatize the mortgage-finance companies, which back around half the nation's mortgage market.
"Real change has begun, and we are finally building momentum for lasting mortgage-finance reform," Mr. Calabria said in a speech here before the Mortgage Bankers Association.
Many specific policy details remain to be ironed out over the coming weeks and months, such as how much capital the firms must raise once they eventually leave government control. Still, Monday's outline gives the companies a loose set of guidelines they must meet before they can return to private-shareholder ownership.
Fannie and Freddie are central players in the housing market, buying about half of all U.S. mortgages from lenders and packaging them for issuance as securities. The government effectively nationalized them during the 2008 crisis in a bid to stabilize the housing market as mortgage defaults mounted. How the government addresses the companies' future could resolve the last major problem from the financial crisis.
The FHFA and Treasury Department in September began allowing Fannie and Freddie to retain as much as $45 billion of their earnings combined. Fannie currently holds $6.4 billion in capital and Freddie holds $4.8 billion, according to the FHFA. They would need substantially more capital as private companies, and would likely need to eventually turn to the public markets for it.
Monday's policy goals, contained in a strategic plan as well as a document known as a scorecard, included instructions for the companies to work with regulators as they revamp a postcrisis regulation that has transformed the mortgage market by allowing more deeply indebted borrowers to obtain home financing.
Mr. Calabria and other Washington policy makers want to curtail the provision to ensure the companies operate competitively with other market players, "with no special advantages for anyone," Mr. Calabria said in his speech.
A Fannie spokesman said the new policy objectives reflect "a positive development" and added the company is committed to meeting all its goals.
"The strategic plan and scorecard are important steps toward the ultimate goal of exiting conservatorship," Freddie Chief Executive David Brickman said in a statement.
The FHFA also instructed Fannie and Freddie to help eliminate overlap with the Federal Housing Administration, another federally backed program focused serving lower-income and first-time home buyers.
Another goal is a comprehensive review of a program known as credit-risk transfer that has allowed Fannie and Freddie to hand off some of the risk in their business of guaranteeing mortgages.
b) Deadlines for submission
The Director shall, by regulation, establish a deadline for submission of a capital restoration plan, which may not be more than 45 days after the regulated entity is notified in writing that a plan is required. The regulations shall provide that the Director may extend the deadline to the extent that the Director determines it necessary. Any extension of the deadline shall be in writing and for a time certain.
4612. Minimum capital levels(a) Enterprises
For purposes of this subchapter, the minimum capital level for each enterprise shall be the sum of—
(1) 2.50 percent of the aggregate on-balance sheet assets of the enterprise, as determined in accordance with generally accepted accounting principles;
(2) 0.45 percent of the unpaid principal balance of outstanding mortgage-backed securities and substantially equivalent instruments issued or guaranteed by the enterprise that are not included in paragraph (1); and
(3) 0.45 percent of other off-balance sheet obligations of the enterprise not included in paragraph (2) (excluding commitments in excess of 50 percent of the average dollar amount of the commitments outstanding each quarter over the preceding 4 quarters), except that the Director shall adjust such percentage to reflect differences in the credit risk of such obligations in relation to the instruments included in paragraph (2).
Half of these number in a critical environment
Section 3 says it all
4501. Congressional findings
The Congress finds that—
(1) the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation (referred to in this section collectively as the "enterprises"), and the Federal Home Loan Banks (referred to in this section as the "Banks"), have important public missions that are reflected in the statutes and charter Acts establishing the Banks and the enterprises;
(2) because the continued ability of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation to accomplish their public missions is important to providing housing in the United States and the health of the Nation's economy, more effective Federal regulation is needed to reduce the risk of failure of the enterprises;
(3) considering the current operating procedures of the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the Federal Home Loan Banks, the enterprises and the Banks currently pose low financial risk of insolvency;
(4) neither the enterprises nor the Banks, nor any securities or obligations issued by the enterprises or the Banks, are backed by the full faith and credit of the United States;
(5) an entity regulating the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation should have sufficient autonomy from the enterprises and special interest groups;
(6) an entity regulating such enterprises should have the authority to establish capital standards, require financial disclosure, prescribe adequate standards for books and records and other internal controls, conduct examinations when necessary, and enforce compliance with the standards and rules that it establishes;
(7) the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation have an affirmative obligation to facilitate the financing of affordable housing for low- and moderate-income families in a manner consistent with their overall public purposes, while maintaining a strong financial condition and a reasonable economic return; and
(8) the Federal Home Loan Bank Act [12 U.S.C. 1421 et seq.] should be amended to emphasize that providing for financial safety and soundness of the Federal Home Loan Banks is the primary mission of the Federal Housing Finance Board.
Sure why not. The directors have been doin whatevr for years now. Maybe theyll have a taco truck on Wednesday during the earnings release. Think of it as a kick back. 98cent tacos, only one day old
They damn sure wanna try. Banks I hate to say it but they have more power and say than anybody. Like financial political gurus who need to be checked! All the lawsuit monies have disappeared also here.
well I'll be gaw dam was this all staged to let interested parties get their piece oda pie! GO FnF!
The U.S. Supreme Court agreeing to hear the Seila Law v. CFPB case is critical, not just for the Consumer Financial Protection Bureau, but for the Federal Housing Finance Agency.
At issue is the bureau’s single-director structure, which says the president can fire the bureau’s director only for cause. Plaintiffs argue this violates the Constitution’s separation of powers clause.
Directors at most federal agencies serve at the president’s will, and can be fired whenever the president wants. The few exceptions, such as the Federal Trade Commission and the Federal Communications Commission, typically operate under the guidance of bipartisan boards, which limits the authority of their director. That’s not the case with CFPB. It’s also not true for FHFA.
In fact, the language in the Housing and Economic Recovery Act, which created FHFA, gives its director even more independence than the consumer watchdog director has. Where the CFPB language at least offers some guidance on what constitutes appropriate grounds for dismissal — inefficiency, neglect of duty and malfeasance in office — the language in HERA only says that the director’s term is for five years “unless removed before the end of such term for cause by the president.”
Syncing of the entities agenda is in the air yet steps must be taken. If FHFA DIRECTOR were to do to much and CFPB loses their case, in my eyes any actions the director would take could be walked back. It is very important not to jump the gun ahead of rulings in CFPB. Feel we need a ruling very very soon.
price action is gett8ng interestin
Thinking further ahead, this not only gives him just cause but wait for CFPB ruling to do so. They will be reformed by then and he will have made his 600g. Like being in a professional sport in other words. Sign him to a one year deal then pop him out into another needed area.