Plus, BP’s Castrol auction and Panama Canal port buyers push for deal
Freeing the mortgage finance titans from conservatorship would come with complex questions
Critics warn privatising the mortgage giants would endanger the housing market
Critics warn privatisation of the mortgage giants would enrich Wall St but endanger the housing market
This approach would provide initial funds and support the privatisation of these key financial institutions
Value of mortgages for purchase by Fannie Mae and Freddie Mac rises 18% after ‘exceptionally fast’ price increase
Lenders have been slow to heed Boris Johnson’s call to action on mortgage terms
Biden replaces regulator following ruling that sent mortgage agencies’ shares plunging
New capital proposal envisages world’s largest ever IPO next year for mortgage finance giants
Uncertainty over loan forbearance prevents savings being passed on
In 2008, it was decided an over-leveraged banking system must be bailed in by the private sector. Post lock-down the exact opposite is true.
Fannie Mae caps amount companies will have to pay to cover borrowers’ missed payments
Arrears could reach $100bn as unemployment soars because of the coronavirus lockdown
Government policy could exacerbate an already tricky situation
Regulator says US mortgage guarantors have sufficient resources for about 12 weeks
Non-bank lenders put on downgrade watch as sector braces for wave of borrowers not paying
Regulatory action sought to prevent intervention from having unintended consequences
Traders say liquidity in market for bonds backed by American home loans is drying up
No matter who wins the 2020 presidential election, it is unlikely there will be a sustainable fix to the problem
US Treasury will no longer grab all profits from nationalised mortgage giants
Democrats question whether administration’s proposal will make mortgages too costly
US Treasury secretary says aim is to return the mortgage guarantors to private ownership
Sherrod Brown forecasts the two mortgage guarantors will remain under government control
Long-awaited presidential memo calls for congressional participation in reform process
