President Trump has provided a broad hint at his plans for privatizing Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC). In a posting on Truth Social, the president posted an AI-generated photo showing him at the opening bell of the New York Stock Exchange, with...
An unwelcome package in the mail, another retailer declaring bankruptcy, and an unlikely new officer at a tenants’ right nonprofit. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Aug. 4-8. Miss: A Message from a Kook. The...
The 30-year fixed-rate mortgage averaged 6.63% as of Aug. 7, down from last week when it averaged 6.72%, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). A year ago at this time, it averaged 6.47%. The 15-year fixed-rate...
The Federal Housing Finance Agency (FHFA) announced that Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) are now able to invest in Low Income Housing Tax Credit (LIHTC) properties from $1 billion to $2 billion each, a total of $4 billion per year. “Today’s...
Sen. Cynthia Lummis (R-WY) has introduced a bill to codify the directive made by Bill Pulte, director of the Federal Housing Finance Agency, that would allow cryptocurrency to be considered as an asset for mortgages delivered to the government-sponsored enterprises...
Fed Holds Rates at 3.75%–4.00% as Two Officials Call for Another Hike
