Barclay's Mortgage Backed Securities Index is a comprehensive benchmark published by Barclay's Capital that tracks the performance of mortgage-backed securities issued by GNMA, Fannie Mae, and Freddie Mac, and is a component of the broader U.S. Aggregate Bond Index.
The Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, is a government-sponsored enterprise (GSE) that helps provide liquidity, stability, and affordability to the mortgage market in the United States.
The Federal Housing Finance Agency (FHFA) is a U.S. government agency established in 2008 under the Housing and Economic Recovery Act to replace the Federal Housing Finance Board and oversee the Federal Home Loan Bank System, which includes housing-related Government-Sponsored Enterprises (GSEs) such as Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.
Freddie Mac (Federal Home Loan Mortgage Corporation) is a government-sponsored enterprise (GSE) that buys and securitizes mortgages to ensure a reliable and affordable supply of mortgage funds across the country.
Freddie Mac is a government-sponsored entity that purchases residential mortgage loans in the secondary market to provide liquidity, stability, and affordability to the U.S. housing market.
Government-Sponsored Enterprises (GSEs) are financial services corporations created by the United States Congress to enhance the flow of credit to specific sectors of the economy, particularly the housing sector.
The Homeowners Affordability and Stability Plan (HASP), announced by the U.S. government on February 18, 2009, aims to assist up to 9 million homeowners in avoiding foreclosure through cost-sharing and incentives, funded largely by the Housing and Economic Recovery Act of 2008.
The Housing and Economic Recovery Act of 2008 (HERA) was significant legislation enacted to alleviate the subprime mortgage crisis by reforming housing-related Government-Sponsored Enterprises (GSEs) like Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. Additionally, it enhanced federal oversight and offered various provisions to support homeowners and stabilize the housing market.
A Jumbo Mortgage is a type of home loan that exceeds the conforming loan limit set by governmental bodies like Freddie Mac and Fannie Mae. These loans are often used for purchasing luxury homes or properties in highly competitive markets.
The Office of Federal Housing Enterprise Oversight (OFHEO) was an independent entity within the Department of Housing and Urban Development (HUD) responsible for ensuring the financial safety and soundness of Fannie Mae and Freddie Mac until it was replaced by the Federal Housing Finance Agency (FHFA) in 2008.
The secondary mortgage market involves mechanisms for buying and selling residential first mortgages. It enables lenders to sell mortgages and transfer the associated debt, thereby improving liquidity and fostering a more stable housing finance market.
Table funding refers to the practice of originating mortgage loans using a lender's internal capital until these loans are packaged together and sold in the secondary market. This process enables the lender to recoup capital, allowing continued lending activities.
