January 2011

Why Fannie & Freddie Restructuring Was Postponed Again

Future of Fannie/Freddie Postponed Again The deadline for a proposal to restructure Fannie Mae and Freddie Mac, something required by the Dodd-Frank Finreg bill, has been pushed to mid-February. F&F own about half the $10+ trillion of outstanding home loans and the plan must address how the government continues backing existing mortgage-backed securities and how

Rates Slightly Better on Bank Earnings, Housing Starts

Rates are generally even on today’s market news which includes bank earnings and some housing data, as follows: Wells Fargo’s earnings came out as expected at $3.2 billion (61 cents per share). Initial reads show that Wells’ loan growth was better than expected. Credit quality improved dramatically, allowing Wells to release some $850 million in