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GSE News | Fannie/Freddie Share Statistics
Fannie, Freddie and FHLB news. Coverage of government sponsored enterprise regulation, operations and litigation.


Issue Number 92, October 29, 1999

Conventional Mortgage Stories
Conventional Mortgage Technology
Freddie Mac closes on multifamily loan package

Pool includes $708 million in multifamily mortgages originated by Reilly Mortgage Group Inc.

CBSNews.com October 28

Mortgage process still intimidates, survey finds

Survey of 1,015 women and 289 men by the Fannie Mae Foundation indicates that women remain uncomfortable with the process of getting a mortgage

SeattleTimes.com October 23

Freddie Mac reports September portfolio summary

Year-to-date, mortgage purchases are at $8.758 billion

CBSNews.com October 19

Freddie Mac Announces Record Earnings for Third Quarter 1999

Third Quarter 1999 Earnings Per Share Up 29 Percent

CBSNews.com October 19

Fannie Mae today reported its posted yields for October 18, 1999

30 yr fixed rates up 15 bp

FannieMae.com October 18

Fannie Mae Announces $6.5 Billion `HouseConnecticut' Investment Plan to Finance Affordable Housing for 65,000 Connecticut Families Over Next Five Years

BusinessWire.com October 18

Interview with Fannie Mae (FNM) CEO Franklin Raines

There is no correlation between Fannie Mae's earnings and interest rates; it is a margin business

NewsPage.com October 14

Golden West Financial Reports 21% Increase in Diluted Earnings Per Share Loan Originations Reach All-Time High

Parent of World Savings reports income for the first nine months of 1999

BusinessWire.com October 14

Fannie Mae Reports Record Third Quarter 1999 Earnings of $991.0 Million, or $0.94 Per Common Share

FannieMae.com October 13

Home mortgage financer reports third-quarter earnings up 16 percent

Fannie Mae said Q3 earnings rose 16% from the same quarter in 1998; portfolio >$500 billion

Boston.com October 13

Freddie Mac, Fannie Mae Make Plans To Guarantee Riskier Mortgage Classes

Agencies looking at lending to subprime "B" borrowers

WSJ.com October 11 (subscription required)

Colorado Association of Home Builders, "Built Green" Program of Colorado and Fannie Mae Announce New Environmental Mortgage Pilot

GMAC Mortgage to participate in program that considers energy costs savings in debt ratio calculations

FannieMae.com October 8

NEW LAW REQUIRES LENDERS TO AUTOMATICALLY CANCEL PRIVATE MORTGAGE INSURANCE AS EQUITY RISES

Besides forcing lenders to cancel PMI at a specific point, new law also requires lenders to give borrowers a written explanation at closing that they have MI and that they have the right to cancel it at a certain point and send borrowers an annual reminder that they have MI and have the right to request cancellation once they've met certain conditions

ChicagoTribune.com October 6

Fannie Mae, Freddie Mac Seen Posting Double-Digit Earnings Growth

Growth occurring from their aggressive moves into non-traditional areas like home equity and manufactured housing loans

AOL.com October 1

Fannie Mae relaxing credit requirements for some borrowers

Government Sponsored Enterprise to offer rates better than those from traditional subprime companies, with a rate that decreases after 24 on time mortgage payments

Boston.com September 30

Fannie Mae, Freddie Mac To Post Double-Digit Rise In 3Q

Adjustable rate business up; home equity and manufactured housing helped earnings

WSJ.com September 30 (subscription required)

Fannie Mae and Northern Kentucky Counties Announce $8.3 Million in Affordable Mortgage Funds, Down Payment, and Closing Cost Assistance for Local Families

FannieMae.com September 22

Where the mortgage money comes from

Without Fannie Mae & Freddie Mac, the federal Office of Management and Budget estimates mortgage rates would be a quarter point to a half point more

Examiner.com September 20

HUD Drops Probe Of Fannie, Freddie Fight Over Debt Deal

There were allegations that lending giant Fannie Mae (FNM) strong-armed dealers in a sprint with rival lender Freddie Mac

WSJ.com September 17 (subscription required)

City of Oakland, Bank of America, Freddie Mac and Local Non-profit Groups Launch Unprecedented $1 Billion - 5 Year Housing Commitment

NewsPage.com September 16

Anheuser-Busch Cos. is among those that have used e-commerce wisely in advertising

Fannie Mae praised as successful in reaching consumers with Internet sites

PostNet.com October 12

FREDDIE MAC PROVIDES LOAN PROSPECTOR® USERS WITH UNPARALLELED CREDIT REPORT OPTIONS, CHOICES

Lenders can now obtain a merged credit report with their approval from the internet, with one input for Loan Prospector & credit report

FreddieMac.com October 4

Online Economics Are Different

Internet investors rationalize big price jumps in stocks of E-Loan and Mortgage.com

WSJ.com September 30 (subscription required)

Fannie Mae Enhances Desktop Underwriter

Version 4.5 Includes New Features to Help Lenders Offer More Products, Reach More Borrowers

FannieMae.com September 27

Fannie Mae and Chicago Title Corporation Team-Up to Provide Lenders With Appraisal and Flood Information Over MORNETPlus Network

FannieMae.com September 22

Webster Mortgage Wins Fannie Mae's National Technology Leadership Award

Webster Bank wins award because of its innovative use of technology to streamline the mortgage process

FannieMae.com September 10

Waterfield Mortgage, Fannie Mae Form Strategic Alliance

Waterfield Mortgage Co., one of the nation's top 50 lenders, will now have access to Desktop Underwriter testing and pilot programs

CBSNews.com September 8