Today’s News Synopsis:

Aaron Norris of the Norris Group gives this week’s Norris Group real estate headline roundup.  It appears after much discussion the Fed will be raising rates next week, although it appears they will not address how the economy could have changed with the recent election.  The recent risk transfer transaction by Fannie Mae was given a positive rating by Fitch Ratings.  Freddie Mac just announced another multifamily small balance loan securitization to be priced at $209 million.

In The News:

DS News – “Housing Market Shows Signs of Growth” (12-9-16)

“CoreLogic’s December 2016 U.S. Housing Economic Outlook displayed an increase in home and rent prices, and a rise in purchase and HELOC originations.”

Market Watch – “Fed to hike interest rates next week while ignoring the elephant in the room” (12-9-16)

“The Federal Reserve is going to raise interest rates next week, but shy away from the bigger question looming for financial markets: How does the shock outcome of the presidential election change the economic landscape?”

Housing Wire – “AAA ratings return for non-prime mortgage bonds. Crisis redux? Maybe not” (12-9-16)

“Since the housing crisis, the credit ratings agencies are much more careful when it comes to handing out AAA ratings, providing high ratings to only the most pristine mortgage bonds.”

Freddie Mac – “Freddie Mac Announces Pricing of $209 Million Multifamily Small Balance Loan Securitization” (12-9-16)

“Freddie Mac (OTCQB: FMCC) announces the pricing of the SB25 offering, a multifamily mortgage-backed securitization backed by small balance loans underwritten by Freddie Mac and issued by a third-party trust.”

Bloomberg – “Consumers Haven’t Felt This Good About Government Economic Policies Since 2009” (12-9-16)

“The U.S. presidential election was only a month ago, but President-elect Donald Trump is already having a massive impact on consumers’ confidence and outlook for the future.”

DS News – “Fitch Gives Fannie Mae’s Risk Transfer Transaction “Outlook Stable” Rating” (12-9-16)

“Fannie Mae’s Connecticut Avenue Securities risk transfer transaction was given positive ratings from Fitch Ratings, according to a recent report from Fitch.”