TITLE

Agencies: Mulling The Unthinkable

PUB. DATE
March 2004
SOURCE
Investment Dealers' Digest;3/29/2004, Vol. 70 Issue 13, p13
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
With legislation under discussion in the U.S. Congress that could, at least in theory, end the longstanding but controversial relationship between Federal National Mortgage Association (Fannie Mae)/Federal Home Loan Mortgage Corp. (Freddie Mac) and the U.S. government, some debt market players have begun thinking if AAA-rated Fannie and Freddie could possibly get a downgrade. So far, rating agencies have taken no actions to indicate they are worried about a decline in agency credit quality. Yet the potential for a colossal change in the relationship between the agencies and the government is reportedly embedded in new legislation, now being debated in the Senate Banking Committee, and some bankers wonder if what once seemed impossible could actually happen -"government-sponsored entities" Fannie and Freddie would be on their own.
ACCESSION #
12660418

 

Related Articles

  • Moody's to Update Ratings on GSEs.  // National Mortgage News;6/27/2005, Vol. 29 Issue 40, p14 

    Reports on the plan of rating agency Moody's Investors Service's office to publish updating ratings for government-related issuers (GRI) including Fannie Mae and Federal Home Loan Mortgage Corp. in London, England. Release of financial GRI in Europe and Middle East; Use of "explicit recognition...

  • Agencies get new, lower rating.  // Asset Securitization Report;3/5/2001, Vol. 1 Issue 9, p15 

    Focuses on the credit rating of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp. issued by Standard & Poor's. Reasons for the AA- minus rating; Failure of the two agencies to ensure government backing; Issuance of sub debt to increase financial transparency.

  • AA-Minus Rating for GSEs. Peters, Terry; Sinnock, Bonnie // National Mortgage News;03/05/2001, Vol. 25 Issue 23, p1 

    Reports on the assigned risk-to-the-government ratings received by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp. from Standard & Poor's. Categorization of the agencies as investment grade AA-minus; Measures aimed at strengthening the agencies' capital...

  • 2010 Funding. HRYWNA, MARK // NonProfit Times;9/15/2011, Vol. 25 Issue 13, p9 

    The article reports on the downgrade of the long-term debts in the U.S. It is inferred that financial services company Standard & Poor's Corp. (S&P) downgraded the government-sponsored enterprises Fannie Mae and Freddie Mac. According to S&P, the downgrade was due to political risks and rising...

  • Eyeing Fan/Fred Aid to 1st-Timers. Collins, Brian; Muolo, Paul // National Mortgage News;8/5/2002, Vol. 26 Issue 44, p1 

    Presents information on a report issued by FM Watch in August 2002 that criticized the first-time homebuyer (FTHB) loans of Federal National Mortgage Association and Federal Home Loan Mortgage Association. Percentage of FTHB purchases made by the organizations in 2001; Comparison of the FTHB...

  • GSEs Nipping Top Lenders' Share? . Fernandez, Tommy // American Banker;1/8/2003, Vol. 168 Issue 5, p16 

    Reports on the plans of government-sponsored enterprises (GSEs) Fannie Mae Corp. and Freddie Mac to reduce their exposure to major lenders. Volume of Freddie's loan purchase; Reasons cited for GSEs heightened focus on customized loan products.

  • Fannie Mae Patent Alarms Industry.  // National Mortgage News;11/6/2006, Vol. 31 Issue 7, p30 

    The article reports on the loan acquisition of Fannie Mae. The company acquired $66.59 billion in mortgages during September 2006, its best purchase month of the year. The company's chief competitor, Freddie Mac purchased $41.4 billion in September a 34 percent decline from the same month last year.

  • Fannie, Freddie, GNMA At Nearly 100% Share. Muolo, Paul // National Mortgage News;5/31/2010, Vol. 34 Issue 35, p1 

    The article reports on the result of a study regarding the purchase market share of both Fannie Mae and Freddie Mac in the U.S. It states that both financial institutions had a combined purchase market share of 98% in the first quarter of 2010, a slight decline from the previous year. It also...

  • Gloom Turns to Optimism In the Subprime Business. Bergquist, Erick // American Banker;5/15/2001, Vol. 166 Issue 93, p10 

    Focuses on political and business challenges faced by subprime lenders in the United States since the start of 2001. Competition from Federal National Mortgage Association and Federal Home Loan Mortgage Corp.; Factors cited for the optimism of some executives with several subprime lenders about...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics