Fannie Mae and Freddie Mac eked out tiny increases in their retained mortgage portfolios during the third quarter at a time when they were registering a huge gain in their share of new mortgage securities issuance... [Includes two charts]
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A key house subcommittee chairman has asked the safety and soundness regulator of Fannie Mae and Freddie Mac for a study of the possible effects of legislation that would temporarily lift the portfolio caps of the two government-sponsored enterprises. Last week...
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The sharp downturn in production of jumbo and Alt A mortgage securities during the third quarter hit nearly all market participants very hard, although some companies weathered the storm better than others. Total issuance of... [Includes three charts]
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As the tightening of credit continued during the third quarter, members of the Federal Home Loan Bank System upped their use of FHLBank advances a robust 28.6 percent during the first nine months of 2007, to $824 billion, according to new figures released by the...
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Standard & Poor’s is considering revamping parts of its rating process in response to problems in the subprime market. The rating service is considering alternative performance triggers for mortgage-backed securities that use overcollateralization for...
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