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Fannie Mae/Freddie Mac or keep looking
Hi, I recently got an offer with ~ 1 week to accept for a position as a Cap Markets analyst at FM. I am currently at a target school for tech and have a more tech-focused degree. I am in the interview process with 3 other companies (JPM, Point72, etc) and I am unsure of what to do, as the pay is...
Analyst debt/lending at top CRE firm - 2018
Hello all, I'm an avid reader of WSO and this is my first post. I have currently accepted a position at a top CRE firm in their multifamily capital markets group as a debt analyst and will be working with Fannie, Freddie, FHA, etc. mortgage products for multifamily portfolios. I am wondering what...
Long FNMA/FMCC Discussion
Just wanted to start a discussion on FNMA/FMCC. For those who have not followed... here's a brief history (taken from a linked article): "Since 2008 the government has taken over $108B from Fannie Mae and Freddie Mac through a process known as conservatorship where FHFA and Treasury enter into and...
20% Down on a Home? Try 3%.
From the LA Times: [quote=LA Times]Hoping to broaden the pool of home buyers and boost the real estate market, Fannie Mae and Freddie Mac are launching mortgage programs with down payments as low as 3%.The move, targeting buyers with good credit but little cash, has drawn fire for encouraging the...
Why Hasn't The Financial World Ended Yet?
4 years ago the largest financial crash in (nearly) living memory tore a gaping hole in the world of finance. For a month at the end of 2008 it seemed as though every financial institution was either going bankrupt, being taken over or being bailed out. Fast forward to today. Politicians and central...
Deciding Between Offers - Peoples opinion on offer
I wanted to get peoples opinions on which offers I should take. I have an offer for the finance rotation at Fannie Mae. I could get broad exposure to multiple groups and maybe get some experience in capital markets, valuation, and modeling. I also have an offer for Duff and Phelps Dispute Consulting...
Fannie Mae
Fannie Mae, a $3 trillion financial services business, is a leading provider of mortgage credit. As a secondary market participant, we do not lend directly to consumers. We are a government-sponsored enterprise (GSE) chartered by Congress to keep liquidity flowing to mortgage lenders such as local...
What Will Happen with Fannie & Freddie?
Though this topic has been put through the wringer many times, I am still not satisfied with the results. Two government sponsored entities, which have de facto defaulted and gone bankrupt already...own ~97% of the mortgages in the U.S. outright. One of my favorite econ profs in the country,...
Citi, BofA Among Most Hated Companies of 2010
It looks like GM and AIG have something to celebrate in the new year: they didn't make the list of 15 Most Hated American Companies of 2010 . Unfortunately, Citi and BofA can't say the same. While the list is published in no particular order, BofA checked in at number 8 and was rated the worst bank...
The American Taxpayer: Wall Street’s #1 fee payer
For decades Main Street has been no fan of Wall Street, but in the last few years the general public has probably made banker bashing a national pastime. They have vilified financiers as greedy and immoral, they have blamed them for the recent turmoil, and all in all have been just total dicks about...
Ranieri to the Rescue
I remember the first time I read Liar's Poker. A young Midas was on his first ever flight back from Rio, reading about the legends of Salomon Brothers and feeling like King Salomon himself. Back in those days I would go into places like Club Monte Carlo and ask questions like " am I allowed to...
Strategic Foreclosure & Back Door Bailouts
Strategic foreclosure is a subject near and dear to all our hearts. We had a pretty robust debate about it back in May after 60 Minutes ran a special on it (video below). For those who don't know, strategic foreclosure is when a homeowner who can otherwise afford to pay their mortgage defaults on...
Blaming Government...the Change I'm looking for
Does the week start on Sunday or Monday? Do I tend to listen to economists or analysts? In both cases, it is usually the latter. I see Sunday more as a wind down, then as a warm up. I see economists as often too focused on theories to examine the practical angles of life. From time to time, however,...
Fannie & Freddie on Borrowed Time?
In keeping with this week's developing "real estate crisis" motif, it looks like Fannie Mae and Freddie Mac might be on their way out. That is, if one-time chief apologist Barney Frank has his way . First, I just have to say that my hat's off to jbd (if you really are a high school senior) for the...
Fannie Mae Salaries?
Anyone know how much Fannie Mae pays fresh-out-of-college financial analysts? What about 2-5 years down the line? Also, do they follow the IBD structure where you leave to get your MBA after 3 years and come back for a six figure salary?
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