Freddie Mac's (FMCC) CEO Don Layton on Q4 2016 Results – Earnings Call Transcript

Freddie Mac's (FMCC) CEO Don Layton on Q4 2016 Results – Earnings Call Transcript

Good morning, ladies and gentlemen. Welcome to the Freddie Mac 2016 Financial Results Media Call. Today's conference is being recorded.
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Fannie Mae to pay US Treasury $5.5 billion in dividends

The Treasury took Fannie Mae and its sibling Freddie Mac into conservatorship in September 2008 during the global credit crisis as the two
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Kenyan banks have joined forces to launch a mobile money rival to M-Pesa

Kenyan banks, who petitioned regulators to prevent M-Pesa's launch in 2007, have now launched PesaLink, a mobile and electronic money
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Denver is the 'fastest' housing market in the country

Denver is the 'fastest' housing market in the country … Redfin's report shows the total number of homes for sale in Denver was down 28.1 percent
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JP Morgan breakaway RIA makes unusual hires with ambitious plan to lend to people that banks …

He tapped Robert Barragan, former president of Valley Economic Development Corp., a nonprofit small business lender in LA, to oversee the new
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IDS Updates Borrower Data Collection Fields for HMDA Compliance

… date,” IDS Vice President Mark Mackey said in a news release Thursday. IDS also updated its system to include the Mortgage Industry Standards
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Quantum Capital Lines Up Refi for LA Mixed-Use Development

… to secure a $47 million mortgage for Platform, a six-building transit oriented … Quantum Capital Partners arranged the financing with Wells Fargo.
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Fannie Mae Reports $5 Billion in 4Q Net Income

The government-sponsored enterprise's net earnings more than doubled to $5.04 billion during the fourth quarter from $2.47 billion a year earlier.
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Cautious South Koreans rethink US real estate love affair

South Korean investors (largely, institutional investors) had consistently been increasing their equity investment in U.S. real estate up through 2016.
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Fannie Mae's Focus Will Not Change with New Administration, CEO Says

Currently over two-thirds of its net interest income comes from its loan-guarantee business, while less than one-third is from the mortgage investment
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EXPO2017 setting the record straight on Victoria's real estate market

“You can't open a paper these days without seeing a story about the confusion people are feeling in the real estate market in Victoria. We want to
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Could Latest Fannie and Freddie Earnings Releases Signal a Halt to Sweep?

With the latest quarterly/full-year earnings releases of Fannie Mae and Freddie Mac, it is easy to regard the news with a sense of “here we go again”
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Mortgage Rates Slightly Lower to End Week

Mortgage rates moved lower for a 2nd straight day. This helps undo virtually all of the damage done by the first 3 days of the week. In other words
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ALTA Declares Support for Remote Electronic Notarization

In a letter to the National Association of Secretaries of State, ALTA laid out eight … said Michelle Korsmo, ALTA's chief executive officer, in a news release. … Remote e-notarizations are gaining favor in the mortgage industry, since
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Freddie focusing on credit risk transfers as portfolio winds down

WASHINGTON — Freddie Mac is ramping up its use of credit risk transfers, completing $215 billion in single-family transfers last year, up to $600
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UK Government proposes new approach to boost banking competition and resolve RBS' State aid …

The UK Government has proposed a radical new plan that would see RBS fund and deliver a series of initiatives, worth around £750 million, to boost
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State Regulators Stepping Up Servicer Exams

State mortgage regulatory examinations are focusing on systemic issues and using their broad authority under the Dodd-Frank Act to enforce the
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IDS Updates Borrower Data Collection Fields, Supports MISMO v 3.4 for HMDA Compliance

SALT LAKE CITY, Feb. 16, 2017 — Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has updated its
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Royal Bank of Scotland calls halt to troublesome Williams & Glyn sale after Treasury strikes deal …

The Royal Bank of Scotland has called a dramatic halt to its problematic sale of its Williams & Glyn division after a preliminary deal appeared to be
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Parents and grandparents helping first-home buyers break into Melbourne market

BREAKING into the property market is tough as a first-home buyer, let alone compounding it with Melbourne's soaring property prices. With suburbs
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