Fannie Mae said it expects to make a $2.8 billion dividend payment to the U.S. Treasury in June after reporting a first-quarter profit driven by a relatively stable mortgage market and a continued decline in delinquencies.
Global Index Group has developed a new product based on the NCREIF Property Index, which measures the performance of some $525 billion of CRE held on behalf of tax-exempt institutions.
With interest rates on the rise, analysts say the Fed could start shrinking its unprecedented $1.75 trillion position in mortgage-backed securities by year-end.
