Replies to post #210994 on Fannie Mae-No Politics (FNMA)

[Danno_cal]

S-C-A-R-Y!!!

(Fortunately, it won't happen.)

[rocco2]

chess, just another Oxymoron.

Jumbo shrimp move by the administration. how can we create jobs, and yet justify the elimination of 12,000 .

Yea lets get rid of this, makes to much sense


Capital Markets Sales Desk

The Capital Markets Sales Desk is a one-stop outlet for lenders to obtain assistance with committing whole loans, trading MBS, performing best execution analysis and to discuss hedging strategies. The Sales Desk is also a resource for pricing, product information, and market color. In addition, dedicated Account Executives are available to help lenders determine the right mix of Early Funding products to meet their funding needs.


Whole Loans


Provide competitive pricing on mandatory and best efforts commitments


• Mandatory committing: eCommittingTM
o Provide guidance on best practices and assist lenders in managing their committed pipeline

• Best efforts committing: eCommitONE®
o Provide guidance on best practices and assist lenders in managing their loan-by-loan committed pipeline
• Support in determining the right mix of mandatory and best efforts committing

• Negotiate mandatory pricing for pass-through rates that do not appear on eCommitting, aka “off-sheet pricing” (Note: currently not available for a best efforts execution)
? Train lenders on various aspects of whole loan committing such as pair-offs, extensions, over-deliveries, tolerances, remittance options, commitment periods, pass-through range, duplicate commitments, etc.
MBS

? Provide competitive bids and offers on all Agency MBS products including Fannie Mae MBS, Freddie Mac MBS and Ginnie Mae MBS for both fixed rate and adjustable rate (ARM) securities

? Trade MBS for standard, early, and late settlement periods

Transact MBS trades such as: To Be Announced (TBA) forwards, pair-offs, specified pools, coupon swaps, agency swaps and dollar rolls

? Accept third-party trade assignments with approved counterparties


? Assist depositories with their investment objectives, whether the depository has Community Reinvestment Act (CRA), duration, and/or convexity needs
? Train lenders on various aspects of trading and delivering MBS such as trading protocols, margining requirements, MBS pool stratification, MBS pool notification, MBS settlement, SIFMA guidelines, and delivery requirements


$ FNMA $

[melly4]

The sad part about our government, is they only see one or two scenarios ahead. They should of played chess as a child. Plan out the moves more.