Trump, Pulte and Freddie Mac
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Republicans are questioning President Donald Trump's selection of federal housing chief Bill Pulte to oversee the nation's spy agencies.
Analysts said Bill Pulte's new additional role as spy chief will further delay GSE privatization efforts, although that could change if he formally departed.
“Fannie Mae and Freddie Mac are doing very well, throwing off a lot of CASH, and the time would seem to be right,” Trump wrote. “Stay tuned!” Freddie Mac, or the Federal Home Loan Mortgage Corporation (FHLMC), and Fannie Mae, the Federal National ...
The U.S. Federal Housing Finance Agency allowed government-sponsored enterprises ((GSEs)) Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) to approve Rocket Companies' (NYSE:RKT) proposed acquisition of mortgage servicer Mr. Cooper Group (NASDAQ:COOP).
Eight Fannie Mae board members left and four new ones will be added. One of the new members is a former SpaceX employee, and six departing Freddie Mac board members will be replaced by three new appointees along with Pulte. The day after his ...
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Fannie Mae and Freddie Mac are the dominant companies in U.S. housing finance, which is the biggest credit market after government debt. They are huge, with combined assets totaling $7.8 trillion. Fannie and Freddie used to be government-sponsored enterprises.
On Wednesday, Freddie Mac and Fannie Mae announced their acceptance of mortgages evaluated using VantageScore 4.0 to reduce costs for American homebuyers and stimulate competition in the mortgage credit-scoring market.
Chip Stapleton is a Series 7 and Series 66 license holder, CFA Level 1 exam holder, and currently holds a Life, Accident, and Health License in Indiana. He has 8 years experience in finance, from financial planning and wealth management to corporate ...