Fannie Mae-No Politics (FNMA)

[navycmdr]

$Booooooooooom ! ...

Fannie Net Worth $86.5B) + Freddie Net Worth ($53.2B) = $139.7 Billion

How the election will impact credit risk transfers

On July 18, Fannie Mae priced a $659 million credit-risk transfer through a
real estate mortgage investment conduit structure, marking the fifth deal
of this type it's brought to market this year.

Since the first CAS deal in 2013, the government-sponsored enterprise has
issued $68 billion in notes, sharing some of the credit risk on almost
$2.3 Trillion in single-family loans with private investors; but the upcoming
presidential election in November raises questions about the extent
of future activity.

The GSE capital framework drawn up under Mark Calabria, who formerly
headed the FHFA during the Trump administration, increased the risk
weighting for credit risk transfers. Due to that development and a
pandemic-related disruption of the market,

Fannie temporarily withdrew from CRT activity.

It later returned as Sandra Thompson, who headed the FHFA under
the Dementia JOE BIDEN administration, began easing CRTs' capital treatment.

How the 2024 election may impact housing affordability https://t.co/n0AgBcIJVQ

— Cmdr Ron Luhmann (@usnavycmdr) August 1, 2024

"The company continued to deliver steady results despite relatively high mortgage rates and muted housing sales," James Whitlinger, @FreddieMac interim chief financial officer, said. $FMCC #earnings #mortgage #MBS

By @NMNBrad https://t.co/F1IeTt5mCq

— National Mortgage News (@NatMortgageNews) July 31, 2024