Fannie Mae and Freddie Mac investors are underestimating the chances of a public market re-entry from the mortgage giants after a lull in chatter around the names, according to Mizuho’s Dan Dolev. Processing Content Dolev initiated both companies this week with buy ratings, citing a base case assuming a 30% chance that Fannie will exit […]
Fannie, Freddie’s latest bull says traders underpricing IPO odds Read More »
Key insight: The U.S. added 115,000 jobs in April while unemployment held steady at 4.3%. Supporting data: Newly unemployed workers rose by 358,000 in April to 2.5 million. Forward look: The report could complicate an already divided Federal Reserve as it considers whether to combat inflation spurred by geopolitical risks or foster employment by cutting
Economy added 115,000 jobs in April despite mixed signals Read More »
Across the country, roughly 65% of households are priced out of the median-priced new home. Incomes have not kept pace with elevated home prices and higher mortgage rates, putting homeownership further out of reach for millions of Americans. For those who can afford a new home, many don’t want to spend 40% of their income
For solutions to the housing affordability crisis, we need to use every tool available Read More »