Fannie Mae
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480
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237
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183
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Search complete. 480 mentions across 237 episodes found for "Fannie Mae".
Sep 12, 2026
Julia La RocheHOST
So this comes from viewer Brian.
Julia La RocheHOST
Does Chris have any insight as to what's going on at Fannie Mae? I think they've had a lot of folks leave.
Chris WhalenGUEST
Well, yes, there have been some significant reductions in senior management at Fannie Mae.
Chris WhalenGUEST
It appears that Director Bill Pulte, who's head of the regulator for Fannie Mae and Freddie Mac, doesn't really have a positive view of Fannie Mae versus Freddie Mac.
Chris WhalenGUEST
They're the two GSEs.
Chris WhalenGUEST
I think that overall what we're seeing is, you know, mostly politics.
Chris WhalenGUEST
I know a lot of shareholders have been hoping for that, but it's just not going to happen.
Chris WhalenGUEST
Washington likes to have revenue sources.
Joseph LawlerGUEST
...not for buying a home per se, but for taking on debt.
Joseph LawlerGUEST
And then the other one is the, the, uh, government-sponsored enterprises, Fannie Mae and Freddie Mac, which also encourage, through a completely different side of the government, families to load up on debt and to leverage themselves as much as they can for this one specific financial asset.
Emily JashinskyHOST
And who pushed this? I mean, because when you look at the system...
Emily JashinskyHOST
Actually, Arthur Brooks, I'll just put it this way, has great-
Steve EismanHOST
Moving on.
Steve EismanHOST
Last week, Bill Pulte, the head of the FHFA, the regulator of Fannie Mae and Freddie Mac, voiced massive criticisms of FICO and the credit bureaus for price gouging.
Steve EismanHOST
For example, he said, over the last five years, FICO raised prices by something like 1,600%.
Steve EismanHOST
[laughs] This week, Pulte was back at it, criticizing FICO and the credit bureaus again.
speaker_1NARRATOR
Government policy has played a huge role in this shift too.
speaker_1NARRATOR
Over time, tax breaks for mortgage debt and the influence of Fannie Mae and Freddie Mac push the idea that a home is mainly a financial product, not just a place to live.
speaker_0NARRATOR
Building on that point, Lawler argues that while material wealth has risen, collective happiness hasn't kept pace.
speaker_0NARRATOR
We've created a system that prizes everyone assets over community
Ryan HendersonHOST
This helps borrowers purchase homes even if they don't have a lot of money to put down initially.
Ryan HendersonHOST
The U.S. really kind of started clamping down hard on this following the GFC, and really it stems from Fannie Mae and Freddie Mac basically won't buy a loan from these lenders if there isn't PMI on it below, on any loans where it's less than 20% down payment.
Ryan HendersonHOST
I recently purchased a home, so I'm pretty familiar with this process now and kind of how these companies work together.
Ryan HendersonHOST
You'd think NMI, their customers would be the home buyer, but it's really more so the lender.
Nick CarterHOST
kind of market, and the Fed is asleep.
speaker_4SOUNDBITE_SPEAKER
The federal government is stepping in to stabilize Fannie Mae and Freddie Mac, the two mortgage giants that have been threatened by the housing crisis.
speaker_4SOUNDBITE_SPEAKER
The Bank of England has pumped £75 billion more into
speaker_5SOUNDBITE_SPEAKER
Britain's ailing economy with a new round of quantitative.
IbrahimaHOST
He's a former banker.
IbrahimaHOST
He worked for Fannie Mae.
IbrahimaHOST
And he's a longtime instructor of the Henry Joe School, member of the faculty.
IbrahimaHOST
And he's always been here whenever we need him.
Edward DodsonGUEST
I'm not on the university faculties, but I've been teaching in this adult education program for quite a while.
Edward DodsonGUEST
And so this is a summary of this semester-long course.
Edward DodsonGUEST
Now, this study that I'm doing, it grew out of the work I did while I was working at Fannie Mae.
Edward DodsonGUEST
I spent 20 years at Fannie Mae as a business manager and market analyst the last 10 years in the housing and community development group.
Patrick BoyleHOST
The government then sold off those mortgages to private investors, with the federal housing administration providing mortgage insurance so those investors knew the loans they were buying would be paid off in full.
Patrick BoyleHOST
Fannie Mae and later Freddie Mac changed the scale of the system by creating a secondary market.
Patrick BoyleHOST
They bought mortgages from lenders, bundled them into securities, and sold them to investors.
Patrick BoyleHOST
That liquidity allowed banks to recycle capital and offer even more loans, turning the 30-year mortgage from a government experiment into a mass-market product.
13 MINS LATER
Patrick BoyleHOST
Without this protection, you are left with a riskier product that lenders won't touch without charging a significant premium.
Patrick BoyleHOST
The fix isn't going to be an executive order either.
Patrick BoyleHOST
It would require Congress to amend multiple statutes, including those governing Fannie Mae and Freddie Mac, who can't insure or purchase loans beyond 30 years.
Patrick BoyleHOST
Without their backing, liquidity evaporates and investors aren't queuing up for a 50-year instrument that behaves like a callable bond with a half-century of credit risk attached.
Robbie ChrismanHOST
August prepayments reinforce the view that the 2026 refinancing wave has likely peaked.
Robbie ChrismanHOST
Aggregate Fannie Mae 30-year speeds fell 12% month-over-month to 7.1 CPR, slowest since April 2025, and the first break in a 25-month streak of year-over-year increases.
Robbie ChrismanHOST
Shorter-term Fannie and Ginnie Mae 2 speeds also slowed as largely unchanged mortgage rates left little incremental refinance incentive.
Robbie ChrismanHOST
Only 3.4% of conventional, 1.7% of VA, and 5.3% of FHA borrowers currently appear refinance-incentivized.
Erin DeeHOST
I just want to urge the industry, if you are concerned, if what you're seeing from your appraisal panel is that they're not going to be ready in a way that's not going to put us all in a bad position come really mid-October is when you have to be fully converted because that November 2nd date is your UCDP date.
Erin DeeHOST
You need to be talking to your Fannie Mae and Freddie Mac reps and you need to be letting them know any and all concerns that you currently have about our appraiser partners and appraiser business partners being ready for this completely.
Erin DeeHOST
By
Coby HakalirHOST
the way, did I tell you guys that you both look lovely today?
227 more episodes mention Fannie Mae.
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