Opinion Three ways to draw private capital back into mortgages
There are clear actions that regulators at the CFPB, SEC and FHFA can take to help attract investors into the housing market, argues former FHFA Director Ed DeMarco.
GSE reform
GSE overhaul needs FHFA and Congress to succeed: Calabria
The Federal Housing Finance Agency has appeared willing to take its own steps to reform Fannie Mae and Freddie Mac, but legislation would be necessary to create an explicit guarantee of the mortgage system.
FHFA asks Congress for power to charter Fannie, Freddie competitors
Director Mark Calabria urged lawmakers to grant the agency chartering authority similar to that of bank regulators to boost competition in the mortgage market.
Mnuchin says no to ‘recap and release’ plan for Fannie Mae, Freddie Mac
Treasury Secretary Steven Mnuchin was adamant that the Trump administration won’t just let Fannie and Freddie build up their capital buffers and then release the companies. He also said he backed an explicit government guarantee, something only Congress can do.
Can Fannie, Freddie be overhauled without Congress?
The Federal Housing Finance Agency has far more authority to upend the status quo than most realize, according to a new report.
Government launches unified MBS platform for Fannie, Freddie
The consolidation of the two companies' securitization platforms into a single bond market became official on Monday.
Is the private secondary market ready for the GSEs’ non-QM loans?
The nonconforming market is ready to absorb most of the government-sponsored enterprise loans covered by the QM patch, but not all of them, according Redwood Trust.
One important piece of GSEs’ transformation ready for launch
The launch of a combined securitization platform for Fannie Mae and Freddie Mac is meant to ease the transition to a new housing finance system. But questions remain about how the mortgage sphere will adapt to the single security.
GSEs in favor of retaining CRT strategies, g-fee parity post-reform
Government-sponsored enterprise executives say they want to continue to offer credit risk transfers and guarantee-fee parity after the GSEs are released from conservatorship, but they might not be able to.
‘The status quo is over’: FHFA chief vows quick action on GSEs
Mark Calabria said he wants Fannie Mae and Freddie Mac to take preliminary steps by Jan. 1 toward exiting conservatorship.
Private capital seeks to step up its game as GSE reform gains momentum
With prospects for government-sponsored enterprise reform improving, players in the private residential mortgage-backed securities market are starting to think about how they could better compete against the GSEs while awaiting change.
Trump calls Fannie, Freddie a ‘pretty urgent problem’
His administration is looking at different alternatives to reform the housing finance system.
FHFA announces senior staff appointments
The Federal Housing Finance Agency has named three senior advisers for policy, economics and communications.
Freddie Mac stays focused on finances as GSE reform looms: Layton
Freddie Mac will keep building on the financial reforms that produced profitability during conservatorship as broader government-sponsored enterprise proposals take shape, according to departing CEO Don Layton.
Calabria’s ambitious FHFA agenda (it’s not just housing finance reform)
New FHFA Director Mark Calabria isn't just charting a future for Fannie Mae and Freddie Mac, but also fixing problems resulting from the "qualified mortgage" exemption for the GSEs and taking a "deep dive" into problems in the mortgage servicing market.
Senate confirms Mark Calabria as head of FHFA
The administration official will serve a five-year term as Fannie Mae and Freddie Mac's chief regulator.
House Democrat moves goalposts for GSE reform
Rep. Gregory Meeks of New York signaled which legislative provisions Democratic leaders would accept in a bipartisan housing finance package.
GSE capital rule expected this summer: FHFA’s Otting
The Federal Housing Finance Agency is planning on finalizing its proposed capital requirements for the government-sponsored enterprises this summer, the agency's acting director said Wednesday.
FHFA allowed GSEs to circumvent salary cap: Inspector general
The Federal Housing Finance Agency, by allowing Fannie Mae and Freddie Mac to split the CEO and president positions, let the companies dodge a congressionally mandated cap on executive salaries, the regulator's inspector general said.
Fannie Mae makes it official: Frater is CEO
Hugh Frater loses the "interim" title, taking full control of the government-sponsored enterprise as Congress begins debating (again) the future of Fannie as well as Freddie Mac.
By
Andy Peters
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