Opinion: Fixed-rate mortgages need their rates fixed for longer terms [Financial Post (Toronto, Ontario, Canada)]
Federal National Mortgage Association (FNMA)
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Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. By Mary-Jane Bennett Stubbornly high housing prices are one of the main reasons for the steep drop in young Canadians' “sense of hopefulness,” according to Statistics Canada. Given the state of the market, their hope seems unlikely be buoyed anytime soon. Article content Last year, interest rates were the highest they have been in 22 years and inflationary pressures, especially shelter costs, remain strong. Together, inflation and interest rates are eroding Canadians' purchasing power. Already, one in three mortgage-holders has been forced to stretch their amortization period beyond the standard 25 years, which means paying off the mortgage years later at higher cost. And longer amortizations contribute to higher housing prices, according to the Office of the Superintendent of Financial Institutions (OSFI), Canada's banking regulator. Article content To address the crisis, the Depa
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News
- Federal National Mortgage Association (PNK:FNMA) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- A mortgage advisor shares how to get the 3.5% down payment on an FHA loan fully covered — and the 3 best strategies real-estate investors can use to maximize leverage from government loans [Business Insider]Business Insider
- Michael Boyle Joins Greystone Real Estate Capital as Senior Vice President, Acquisitions & Institutional Investments [Yahoo! Finance]Yahoo! Finance
- Fannie Mae profits grow to $4.3B in Q1 2024 [Yahoo! Finance]Yahoo! Finance
- The State of Real Estate [Yahoo! Finance]Yahoo! Finance
FNMA
Analyst Actions
- 2/26/24 - Keefe, Bruyette & Woods
FNMA
Sec Filings
- 4/30/24 - Form 8-K
- 4/30/24 - Form 10-Q
- 4/26/24 - Form 8-K/A
- FNMA's page on the SEC website