Tag Archive | "Fannie Mae"
Seismic Shift for Fannie & Freddie
Fannie Mae and Freddie Mac have been seized by the U.S. government in a dramatic step to shore up national and global credit markets. Rather than a single equity infusion, treasury Secretary Henry Paulson announced four separate measures to shore up the ailing mortgage giants: (1) Form a conservatorship to manage daily operations and install [...]
Continue reading...Fannie and Freddie Ratcheting Up Multifamily Lending
Thursday, August 14, 2008
Multifamily lending has been a bright spot in the otherwise dismal days of Fannie Mae and Freddie Mac. One significant debt placement included the Lehman Brothers and Tishman Speyer acquisition of the Archstone portfolio. Fannie and Freddie provided $8.9 billion of senior debt to facilitate the $22 biillion purchase. In spite of the 25% mark [...]
Continue reading...Losses Mount at Fannie & Freddie
Monday, August 11, 2008
Fannie Mae has announced a $2.3 billion second quarter loss, four times larger than anticipated by analysts. Through the last four quarters of operations, losses at Fannie and Freddie have totaled $14 billion. The Wall Street Journal | James R. Hagerty and Aparajita Saha-Bubna | August 9, 2008 “Mortgage rates can easily go as much as 0.25 [...]
Continue reading...Possible Restrictions on Fannie & Freddie Worrisome for Multifamily Markets
Tuesday, July 22, 2008
According to Pensions & Investments, a privatization or nationalization of the two quasi-governmental agencies could alter the course of multifamily markets. The dynamic would be such that the two agencies would come under increasing pressure to support single family home markets and shift portfolio resources in their direction. This would devalue multifamily investments by decreasing [...]
Continue reading...US Treasury announces $15 Billion rescue plan for Fannie Mae and Freddie Mac
Monday, July 14, 2008
Source: London Times US Treasury secretary Hank Paulson is working on plans to inject up to $15 billion of capital into Fannie Mae and Freddie Mac to stem the crisis at America’s biggest mortgage firms first reported the London Times on Sunday. The two companies lost almost half their market value last week as rumours of [...]
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Monday, September 8, 2008
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