A real estate investment trust, Capsteador earns income by investing in a leveraged portfolio of residential adjustable-rate mortgage pass-through securities or ARM securities, issued and guaranteed by government-sponsored enterprises
like Fannie Mae or Freddie Mac, or by an agency of the federal government, Ginnie Mae.
The Company said it expects to use the net proceeds of this offering to acquire certain of the Company's target assets, including residential mortgage-backed securities issued by US government agencies or guaranteed as to principal and interest by US government agencies or US government-sponsored enterprises
. The Company may also use the net proceeds for general working capital purposes.
housing finance government-sponsored enterprises
(GSEs) Fannie Mae and Freddie Mac (Fannie and Freddie) to maintain a capital reserve of $3 billion beginning in fourth-quarter 2017 (4Q17).
senators wrote a letter to Mel Watt, director of the Federal Housing Finance Agency (FHFA), on July 7, urging the top regulator of the government-sponsored enterprises
(GSEs) to leave any steps related to the larger restructuring of the housing finance system to the next Congress.
19, said his agency is conducting pilot programs that would consider representations and warranties for appraisals submitted to the government-sponsored enterprises
The bill would prohibit the Federal Housing Finance Agency (FHFA) or other regulators from setting arbitrary limitations on the volume or scope of multifamily housing mortgages backed by Government-Sponsored Enterprises
(GSEs) like Fannie Mae and Freddie Mac.
"Why on earth should the 100% government-sponsored enterprises
operate in the red?
* Valentin Bolotnyy, Federal Reserve Board of Governors, "The Government-Sponsored Enterprises
and the Mortgage Crisis: The Role of the Affordable Housing Goals"
But relatively few homeowners will qualify and benefit from the program, and it is American taxpayers who will be floating them the money, through those infamous government-sponsored enterprises
, Fannie Mae and Freddie Mac.
Federal Housing Finance Agency filed lawsuits Friday against 17 financial institutions for damages caused by their illegal sales of mortgage-backed securities to government-sponsored enterprises
Fannie Mae and Freddie Mac, the analysts said.