The average estimated guarantee fee on Freddie’s new single-family business in the third quarter was 57 basis points, up 3 bps from the second quarter.
“Candidly, we have to figure out a way to get our equity price to trade where it should trade,” said Michael Nierenberg, chairman, CEO and president of Rithm Capital.
“My view is nothing will be done because it’s going to be too hard to get it done,” Jamie Dimon, chair and CEO of JPMorgan Chase, said of the potential for a re-proposal of capital requirements for large banks.
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