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Wednesday Watch
Between the Hedges —
... - Fannie Mae and Freddie Mac are preparing to introduce a program aimed at helping independent mortgage banks acquire the short-term credit they need to make home loans , according to people familiar with the plans. The two government-backed mortgage companies, the main providers of funding for U.S. home loans, plan to provide advance commitments to purchase home mortgages that meet certain quality standards. The goal is to reduce risks faced by independent mortgage banks so they can obtain short-term credit. - ...
Fannie and Freddie Said to Plan Mortgage Bank Aid
DealBook —
... according to the newspaper. The program aims to reduce risks that independent mortgage banks face so they can obtain short-term credit, The Journal said. The companies are planning to build on an undisclosed pilot program that Freddie has with Provident Funding Associates and warehouse-lender NattyMac , where short-term funding would be provided to mortgage companies, the report said. Spokesmen for Fannie and Freddie declined to discuss details of the plan, the newspaper said. Go to Article from The Wall Street Journal » ...
Opening Bell: 10.07.09
Dealbreaker —
... actively taking calls to discuss his future, if any potential employers are interested in this kid. Fun B-Dubs fact: he took a year off during college to work in a beer-bottling plant in Croatia.
Fed Frets About Commercial Real Estate (WSJ)
"Banks will be slow to recognize the severity of the loss -- just as they were in residential," according to a Federal Reserve presentation to banking regulators last month, which was reviewed by The Wall Street Journal.
Fannie And Freddie To Aid Mortgage Banks (WSJ)
The goal being to "reduce risks faced by ...
Lunchtime Links 10-7
Rolfe Winkler —
... Fannie and Freddie to aid mortgage banks (WSJ) Sounds like the U.S. government is getting into warehouse lending. ...
Introducing NattyMac
FT Alphaville —
... - in July 2008. But have you ever heard of NattyMac, which describes itself as “a national independent specialty finance company providing warehouse lines to mortgage lenders throughout the United States.” No? Well pay attention, because if this WSJ story is correct, they’re going to be in the news quite a lot, quite soon. Emphasis FT Alphaville’s: Fannie Mae and Freddie Mac are preparing to introduce a program aimed at helping independent mortgage banks acquire the short-term credit they need to make home loans, according to people familiar with the plans. The two ...
