Replies to post #321601 on Fannie Mae (FNMA)

[navycmdr]

Short Takes: Loan Brokers See a Drop in Market
Market Share / NAR, Others Want GSE Language Attached to Spending Bill / Who Said Treasury Wants to Sell Its Preferred Stock Anyway / Fannie and Freddie are Not Equal / Angel Oak Offers a 10 Percent Subprime Loan

On Wednesday, Inside Mortgage Finance will publish its final 3Q15 tally on originations by production channel. The results will show that loan brokers saw their market share fall to 9.7 percent in the third quarter, the lowest reading of the year. Its often been said that brokers do better in a strong refi market as opposed to purchase-money lending

The National Association of Realtors, National Association of Home Builders and the Mortgage Bankers Association wrote to House and Senate leaders asking them to attach the Jumpstart GSE Reform Act to any final omnibus appropriations measure. The bill prohibits Congress from using Fannie Mae/Freddie Mac guaranty fees for budgetary purposes and requires Congressional approval before the Treasury can sell its senior preferred stock in the two GSEs

Of course, no one is suggesting that Treasury is ready to sell its senior preferred stock anyway

In case you're wondering, Fannie Mae has a market capitalization rate of $12.28 billion, Freddie Mac $6.86 billion. The market cap is calculated by multiplying the number of publicly traded common shares by the trading price.

Why is Fannie worth twice as much when they both own almost the same dollar volume of on-balance sheet assets ?? Feel free to drop us a line if you have any theories: [e-mail]...

Angel Oak Mortgage Solutions is offering a 10 percent-down nonprime mortgage with a minimum FICO score of 680. It will fund nonprime loans with FICOs as low as 580 but wants 20 percent down. Citadel Loan Servicing also is offering a 10 percent-down nonprime product.