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#freddiemac — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #freddiemac, aggregated by home.social.

  1. FHFA Director Bill Pulte, a close Trump ally, announced that Fannie Mae and Freddie Mac will implement Trump's order to purchase mortgage-backed securities, signaling a potential shift in U.S. housing finance policy.
    #YonhapInfomax #FHFA #FannieMae #FreddieMac #MortgageBackedSecurities #BillPulte #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
    en.infomaxai.com/news/articleV

  2. In the Oct 11 message to Smith, Evans, the #FannieMae #mortgage executive, also added others to the email chain because they “were involved with this week’s efforts to compile this information” & he wanted to “make sure you do not exacerbate this issue.”

    Danielle McCoy, Fannie Mae’s general counsel, weighed in, adding that the information Smith provided to #FreddieMac should “never be shared” & “could put the company at risk.”

    #law #scammers #housing #affordability #BillPulte #Trump

  3. …Soon, a team at #FannieMae was overseeing an effort to pull together a tranche of #mortgage data, according to emails reviewed by the AP. Smith played a central role and shared the #confidential lender-level pricing information with #FreddieMac, which set off alarms at both companies, according to the emails.

    #law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap #BillPulte #Trump

  4. The 3 competing roles present the potential for a #ConflictOfInterest that is detailed in emails reviewed by AP. Like many matters of public policy in Trump’s Washington, it appears to have begun with a social media post.

    In October, #Trump criticized the homebuilding industry….

    “They’re sitting on 2 million empty lots, A RECORD,” Trump posted to his social media…. “I’m asking #FannieMae & #FreddieMac to get Big Homebuilders going.”

    “On it,” #BillPulte posted in response on X.

    #law #housing

  5. #BillPulte ’s power over the #mortgage lending industry is unusual. Not long after his #Senate confirmation, he appointed himself chairman of both #FannieMae & #FreddieMac, which hold trillions of dollars in assets. The companies serve as a crucial backstop for the home lending industry by buying up mortgages from individual lenders, which are packaged together & sold to investors.

    #law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap #Trump

  6. In June, #BillPulte ordered #FannieMae & #FreddieMac to prepare a proposal for the firms to accept #cryptocurrency, another industry #Trump has boosted, as part of the criteria for buying mortgages from #banks. Last week, he persuaded Trump about the allure of a 50-year #mortgage as a way to increase home buying & building—a proposal that was widely criticized because it would drastically increase the overall price of a #loan.

    #law #scammers #housing #HousingCrisis #affordability #CostOfLiving

  7. “Lauren, the information that was provided to #FreddieMac in this email is a problem,” Malloy Evans, snr VP of #FannieMae’s single-family #mortgage division, wrote in an Oct 11 email. “That is confidential, competitive information.”

    He also copied Fannie Mae’s CEO, Priscilla Almodovar, on the email, which bore the subject line: “As Per Director Pulte’s Ask.” Evans asked Fannie Mae’s top attorney “to weigh in on what, if any, steps we need to take legally to protect ourselves now.”

    #law #Trump

  8. —> #Pivot 🅴 #KaraSwisher & #ScottGalloway <—

    The #AI Spending-Boom is Propping-Up #WallStreet & #Trump

    #Tesla’s rollout of cheaper Models
    #OpenAI's $1 Trillion computing-power Deals
    Why Gold Prices have topped $4,000 for the first time
    Who will be Apple’s next CEO when #TimCook steps down?
    Major Banks want to get their hands on the IPO
    of #FannieMae & #FreddieMac

    ⏱️1:07:31
    #Pol #Politics #GeoPolitics #WorldNews #News
    #AusPol #CdnPoli #EUpol #NZpol #UKpol #USpol
    youtu.be/wv0IsAs7JKI

  9. Fed Chair Jerome Powell ‘considering resigning’: report

    A senior Trump administration official said Friday that Fed Chair Jerome Powell is “considering resigning” as pressure grows…
    #NewsBeep #News #Topstories #Business #DonaldTrump #fanniemae #federal-reserve #freddiemac #Headlines #JeromePowell #ScottBessent #WhiteHouse
    newsbeep.com/2364/

  10. US mortgage rates dropped for the fifth straight week, with the 30-year fixed rate hitting 6.67%—the lowest since mid-April—according to Freddie Mac, as increased property listings offer buyers improved conditions despite ongoing market challenges.
    #YonhapInfomax #MortgageRates #FreddieMac #USHousingMarket #30YearFixed #InterestRateDrop #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
    en.infomaxai.com/news/articleV

  11. Bill Pulte, #Trump’s dir of the Federal #Housing #Finance Agency #FHFA since Mar 14, 2025, issued a stmnt saying >100 employees of #FannieMae, a govt-controlled firm that underpins much of the country’s #mortgage industry, have been fired for “unethical conduct, including facilitating *fraud*.”

    The stmnt offered no info about the conduct he claimed the fired employees engaged in. Pulte said he intends to make Fannie Mae & #FreddieMac *better* businesses.

    #law #USpol
    fhfa.gov/news/news-release/fan

  12. The maximum #size of #home #mortgage loans eligible for backing by #FannieMae and #FreddieMac will rise to $1,089,300 next year in a few expensive markets, such as San Francisco and Washington, D.C., from $970,800 this year, the Federal Housing Finance Agency said Tuesday.

    wsj.com/articles/u-s-governmen

  13. Belated #introduction. I grew up in #LaCrosse #Wisconsin. Ph.D. in #Economics at the University of Wisconsin, with an emphasis on #InternationalTrade. Serendipitously moved to #RealEstate and #Urban. Faculty at Wisconsin, George Washington, and #USC. Stints at #FreddieMac and #HUD. Married to a geriatrics physician at UCLA. Two daughters: one produces podcasts for #Marketplace, and the other is a coder/artist who teaches at #UIC. I love music, esp. #classical and #jazz. Decent #bartender.

  14. In den #USA explodieren gerade die Hypothekenraten.

    #FreddieMac hat die Raten für 30-jährige Kredite in den letzten Wochen von 3% auf 5,4% angehoben.
    Freddie Mac ist neben Fannie Mae eine der beiden Hypothekengebern die bei der letzten Finanzkrise gerettet werden mussten.
    /PM
    ---
    RT @Iceland_Pirate
    This can't be good

    #mortgages #fintwit
    twitter.com/Iceland_Pirate/sta