Fannie Mae CEO Priscilla Almodovar talks to MarketWatch about how the lock-in effect, high mortgage rates and climate risk are affecting home buyers.
A record number of consumers expect mortgage rates to fall over the next year. They're also bracing for an increase in home prices.
Preferred stock of Fannie Mae and Freddie Mac should rise sharply if Donald Trump wins. Recent prices are out of line with the election odds. I estimate the potential gains and losses for investors in the immediate aftermath of the election based on the 2016 and 2020 patterns.
Consumers are feeling frustrated by the housing market as home prices march to new heights, a new survey says.
Federal National Mortgage Association (OTCQB:FNMA) Q2 2024 Earnings Conference Call July 30, 2024 8:00 AM ET Company Participants Pete Bakel - Director of External Communications Priscilla Almodovar - President and CEO Chryssa Halley - CFO Conference Call Participants Operator Good day, and welcome to the Fannie Mae Second Quarter 2024 Financial Results Conference Call. At this time, I will now turn it over to your host, Pete Bakel, Fannie Mae's Director of External Communications.
Fannie Mae's value has rocketed higher following the Trump-Biden debate, implying it is an indirect bet on a Trump win. Historically, Trump is far more likely to end FNMA's conservatorship than the Biden administration. There are no guarantees that Trump will successfully end the conservatorship, having not done so in his last term. Further, FNMA's fundamental risks would not necessarily decline in this scenario.
There are three ways homebuyers can play the housing market to their advantage, according to Fannie Mae. The firm's chief economist gave his top tips to first-time homebuyers in a recent interview.