Fannie Mae, Freddie Mac Ipos Could Raise Mortgage Rates

Wall Street banks race to win Trump admin's favor for massive Fannie Mae, Freddie Mac IPO deal

Several Wall Street banks are pitching President Donald Trump about handling the initial public offering (IPO) of Fannie Mae and Freddie Mac, sources told FOX Business Network's Maria Bartiromo.Bartiromo reported Friday morning on "Mornings with Maria" that, "Wall Street banks are cozying up to President Trump right now because they want the business of the Fannie and Freddie IPOs if that's where this is going.""My sources tell me there are a nu…

Pimco Warns Fannie-Freddie IPO to Drive Up Mortgage Rates Americans Pay

Pacific Investment Management Co. is warning that the Trump administration’s plan to sell shares in Fannie Mae and Freddie Mac could drive up the mortgage rates that Americans pay.

Mortgage Mix: Fannie & Freddie Could See IPO, Mr. Cooper Lawsuit Going Ahead

Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. Mortgage rates in August have hit a 10-month low; the latest 30-year-fixed mortgage rate was 6.58%, per the latest weekly report from Freddie Mac. These rates have spurred an increase in mortgage and mortgage… The post Mortgage Mix: Fannie & Freddie Could See IPO, Mr. Cooper Lawsuit Going …

Will a Fannie Mae-Freddie Mac IPO Raise or Lower Mortgage Rates?

Will the Trump administration’s plans to sell shares in Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) result in a spike in mortgage rates, or will it drive rates down? The answer, it seems, depends which expert you ask.