congress then adopted the affordable housing goals which required fannie mae and freddie mac, those goals were only applicable to fannie and freddie and when they bought mortgages from other banks and originators to make sure that of the mortgages they bought 30% had been made to people at or below the median income. that -- the authority to require a certain quota was given to the department of housing and urban development at that point and over time between 1992 and 2008 they ratcheted up and so that, for example, by the year 2000, 50% of all mortgages had to be made to people that were at or below median income and by 2008 it was 56% that would have been in the bush administration, it wasn't, it was done under clinton first but then after bush the whole idea was carried through by hud. >> the theory behind this is encouraged americans to save money to build equity in their homes. part of this is to ensure lower-income and middle-income people can have a home and asset of this kind. is there something wrong with this idea in general that people should be able to buy a home and find the

this applies to fannie mae, freddie mac, fha, va, and usda loans. federally backed loans. lots of you send your money to a private company but your loan might still be federally backed. it's easy to find out. call whoever you send your mortgage to and ask them if uncle sam owns your loan. if they say yes the door is open to forbearance help. a new website all about covid. nbcbayarea.com/responds. >>> a follow-up now and some good news for surrounding former oakland a's manager art howe. he's been released from the hospital after he had a bout with coronavirus. the 73-year-old howe spent five days in the intensive care unit. he will now be home quarantined at least a week. he started managing the a's in 1996 through the moneyball years taking them to the postseason three times. >>> well, sports fans probably noticed something a little different this weekend. they actually had live sports to watch on television. >> green flag. nascar is back. >> nascar restarting its engines at yesterday's real heroes 400 in south carolina. kevin harvick won. fans not allowed in the stands,

us fannie mae and they then we didn't. in. addition to digging against dismissal and list all to look this is good it's like there. you see i'm on. the side home real my exact the student the slugs did all those asked and. this is a sin does not sit here due and an emotional calvin's has met one test on what's going on still. very important to excel or a transition to sustainable price or a really really. really. good this is this is really important for the future of the world. we have record highs year to year level. we recently passed over $403.00 parts per 1000000 of c o 2 in the atmosphere you can see the chart and it looks like a bird to collide in a store climate so ted turner dressed us we're here up with the test always called the secret master but. this is kind shouldn't in the end i'm going to close down in this guy because his name is ben in the middle as again my slash was bashing his sides and just had implants of my bags kind got mixed on the do good and dandyish eaten by a man that can't let us discuss. sentenc

us fannie mae and leaked image in decisions. did you get against this movement. this is good rant. d.c. i'm on. the side so mail my exact. time as am this is a sin does not sing it dawned on him until calvin's as i had said contest i'm not going out on. salary transitions just. stable prices or a really really. were out. of this is this is really important for the future of the world. we have record highs year 2 levels. we recently passed over 403 parts per 1000000 of c o 2 in the atmosphere you can see the chart and it looks like a burdock ally and a store climate so ted turner dressed this week here at work to test the ways we call the secret passer by. this is attention to the end of the 2 goes down and is glad because islam has been in the middle as again massaged as passion aside and just had implanted with bags got mixed. on the do good in tech land condition buy it up on the planet let us destroy. st louis isn't doesn't didn't look. that's not see him innocent in doesn't does nasa clear to the states to listen ask before the opening bless you all just get a good as a slave j

us fannie mae and leaked image and decisions. did you get against this movement sunless delta this is get them. dizzy i'm on. the side so real my exact. mast and. this is in dust clouds again one dimensional calvin's as a matter that contest i'm not going to ask. very important to excel or a transition to sustainable price or a really really. were you out. and this is this is really important for the future of the world. we have record highs year to year level. we recently passed over $403.00 parts per 1000000 of c o 2 in the atmosphere you can see the chart and it looks like a bird to collide in a store climate so ted turner dressed this week here up with a test always called the secret master bio. this is attention to the end of the 2 ghost town and is glad because islam has been in the middle as again massaged as passionate as scientists and just had implanted with bags and got mixed. in the do good in tech land and dish in buy it up on the net can't let us destroy. st louis isn't doesn't didn't look. that's not see him innoce

this applies to fannie mae, freddie mac, fha and usd a lones. lot of you send your company to a private company and it might the be federally backed. just call who you send your mortgage entertainments to to find out if uncle sam owns your loan. if they say yes, the door is open to forbearance. pausing your payment now will not erase your debt. you have to pay back the company later and you have to work how it will happen. say you pause your payments for 12 months. will you owe the entire 12 months at once as a lump sum? or are the payments tacked on to the end of the loan, making a 30 year mortgage and 31-year. or will they will spread out in the remainder of tmortgage. it's critical to iron this out in writing. you have to call in to request help. and private loans might offer similar flexibility. if you pick up the phone and explain your situation, they might work with you. we posted a link on our website, nbc bay area.com/respond. back to you. >> thanks, chris. >>> they are using innovation to continue semrving the community in the pandemic.

the regulator of fannie mae and freddie mac has come out with a plan that calls for more than $200 billion in capital. the regulators proposing the mortgage giants be required to hold hundreds of billions of dollars in capital to guard against potential losses, and this could eventually have an impact on mortgage rates and the trump administration's efforts to basically free the companies from government control. we are keeping watch of this as are needed fors existing government control. is ben: still with us mandel, jp morgan asset management global strategist in the multi-asset solutions group. when we talk about looking for opportunities here in this market for those folks who do believe in a rally, i guess the question is, where do you look? do you look at the trendlines and momentum we had prior to covid-19, or do you start looking for more fundamental shifts in the economy and try and match up the companies and industries that may benefit from that? are definitely more of the latter. we think about fundamentals and policy as being paramount here. there are three basic tenets in deci

this applies to fannie mae, freddie mac, fha, va, and usda loans. federally backed loans.s of you send your money to a private company but your loan might still be federally backed. it's easy to find out. call whoever you send your mortgage to and ask them if uncle sam owns your loan. if they say yes the door is open to forbearance help. the federal government set up a website. we posted a link on our website, nbcbayarea.com/responds. >>> thanks, chris. 6:25. more parts of new york state are reopening today. like california rolling out in phases. governor cuomo saying that the state is meeting a daily target of conducting 40,000 tests. now he showed how easy it is to take that test by being tested live on television. meantime hundreds of protesters descended on new york state capitol in albany demanding an immediate reopening of the entire state. >>> people in los angeles apparently taking full advantage of the free testing that that city is now offering. according to data from the mayor's office los angeles is getting about 75,000 tests every week for people at drive-thro

financial crisis, lenders worked with borrowers i think mark calabri has done a great job working with fannie mae and freddie mac on forbearance guidance secretary carson has done a great job on ginnie mae and fha. we've encouraged private banks to follow. we won't tell them what to do because these are private contracts, but i think the majority of banks are following these. on a lot of these loans, i think what they're doing is tacking on the payment to the end we understand it will be hard for many borrowers to make up two or three payments, so it will get tacked on to the end. we're monitoring the mortgage markets carefully. i'm pleased with how this is working. >> mr. secretary, jim brought up negative rates the "journal" over the weekend said the fed is likely to use it people predicting that powell's appearance tomorrow will say as much does treasury agree? >> i want to be careful. i'm not going to comment on the fed's action on interest rates that's up to them. that's consistent with my view we v. plenty of issuance at zer that we will take advantage of from my standpoint being a borrower

current environment, which is a challenging environment, but we signed up a fortune 50 company, fannie maels customer. we had many great wins on the planning side. our procurement applications did really well, which really is a part of finance in many cases. our new friends at scout landed lowe's and albert son's really exciting wins for them for companies that are not in the cloud, i think they're struggling to run their systems. either whether it's having -- or lack of agility in the legacy systems. so when the world does get back to normal, i think the cloud companies, salesforce, are going to continue to thrive and probably see an acceleration in a move to the cloud. >> i know you do a lot of work with universities. i know that they are really struggling so, a struggling university is more likely to order workday in order to save money, or less likely to order workday because they're in disarray? >> i would say specifically for higher ed, i think you take it university by university some of the smaller universities probably not able to take on a bigger project some of the larger univer

fannie mae executive. we have seen some stocks in the home rental buzz shoot up. what's going on? last, that kind of the renting of suburban homes rather than buying them? it's the new wave? >> well, i'd say the trend started in about 2012. institution institutional money came into the residential real estate market which was welcome. you had a nice, you know, ladder up from there where they were increasing the returns on their investments by 7, 8, 9% a year. you found that there was plenty of demand you had coming out of a housing crisis, a foreclosure crisis there was plenty of pent-up demand for housing. so the institutional money, people like invitation homes, american homes for rent, they were some of the bigger ones. they purchased millions of properties mostly in the low to moderate, low to middle end of the market. they tend to focus on popular suburbs that are next to urban centers, and they focus on folks that tend to be higher credit, higher income. it's turning out that the performance of that book of business, think about folks who have lost their jobs or you have hou

que tienen que saber es que si uno estÁ en una propiedad que estÁ hipotecada por un prestamos de fannie maear el telÉfono, llamar al dueÑo y explicarle la situaciÓn, muchas veces las personas lo hacen por pena porque no saben quÉ decir, pero tienen que ser honestos tienen que decir, pero di el trabajo esta es la situaciÓn es algo que todos estamos siendo afectados y probablemente el dueÑo sÍ estÁ en la capacidad de trabajar con un inquilino y negociar y justo en este momento, todos estamos abiertos a buscar una negociaciÓn ganar, ganar como inquilino, propÓnle al dueÑo un plan de pago que puedas cumplir, es importante hacer los nÚmeros y sepas hasta dÓnde estÁ tu capacidad financiera en este momento, estos ajustes que se hagan tienen que quedar por escrito, y puedes plantearles diferentes cosas puedes decirle vamos a hacer un pago parcial y fracciÓn aro la diferencia por el resto de los meses del contrato o por una cantidad de mes especÍficos o reducir el monto de alquiler por el prÓximo mes o dos meses, es decir los prÓximos meses el alquiler lo vamos a cambiar el 70% o 50% del valor y lue

he landed a very big deal, fannie mae he also has announced two market moving partnerships.ith salesforce on the reawakening trade, so to speak, the sales' force has a thing called work.com worth looking for, and microsoft the reason i mention all of this is because this is the stock to watch if the money is going to ever flow back to tech otherwise, you know what, david. it's the recovery trade again, which is the one that confound most americans because how do you recover when you have gdp down 5%? the answer is the things we were talking about, which is liquidity, which is the fact that a lot of companies made it that we would have said couldn't have made it, including look at macy's, kohl's, and thank you, jay powell, because it was you who did it, not the shoppers at macy's or kohl's >> as carl pointed out, the jawboning alone was certainly enough, or the idea of fed support being there seemed to be enough to support these investment grade markets or even noninvestment grade to a certain extent, and the fallen angels is also where the fed said it would come in potential

lot of talk in the markets about the role of the federal housing finance agency, the regulator of fannie maee do you see them playing here and is this the kind of problem that the market can sort out for itself or does it need fannie and freddy and the fha to arrange some kind of bailout? >> i think we're going to see a really creative solution all around. like maria said a few seconds ago, we have so many people unemployed that even if a fraction of them were homeowners and a fraction of those had a mortgage, we're going to have to see something to where we don't have the same foreclosure and even short sale crisis we did in the early 2010. so i do think there's going to be maybe some sort of creative bailout, not to the extent we saw during the obama administration but there's something that has to protect these people in the long run. maria: lee carter. >> yeah, one of the things that i -- in addition to people not being able to pay mortgages, i'm curious what you see as far as trends, do you think people are going to be making moves now? do you think we'll see more people moving to the s

they want to buy it up.sounds like freddie mac and fannie mae. our people paying attention?he president has taken and destroyed everything to do with security, which is our inspector general's, security offices, our science laboratories. host: we got it. jeremy, cleveland, north carolina. hi. caller: i have been trying to get a stimulus check for a few months. they won't accept me. i have been emailing. i pass all of the guidelines. -- host: let's go to ralph. caller: is this ralph? host: this is ralph, if that's you. caller: avakov look things to say quick -- i have a couple of things to say quick. hello? host: go ahead. caller: this is just another bailout for the rich. corporations would pay livable wages to all americans, then we would be in better shape. what we are doing is taking their money and bailing out the rich, because they will not give us a livable wage. this beingieve in fair. don't treat me fair. i want you to treat me right, and that will be fair. host: are you against all spending at this time, or the direction the spending is going? where is your thought