4 takeaways from Senate GSE reform hearing
Lawmakers still have a long way to go before enacting housing finance reform, but the testimony could signal how future legislative talks will play out.
GSE reform
The inconvenient truth for GSE reform plans
There’s bipartisan consensus that the conservatorships of Fannie Mae and Freddie Mac are unsustainable, but that may not be enough for lawmakers to upend the current system.
Crapo planning two days of Senate Banking hearings on GSE reform
The Senate Banking Committee will hold two hearings at the end of March on Chairman Mike Crapo’s most recent framework for housing finance reform.
Housing finance reform bill coming by 2020: Crapo
In remarks to credit unions, the Senate Banking Committee Chairman said that fixing the government-sponsored enterprises and data security were priorities.
FHFA chief-to-be’s top priority: More capital for Fannie, Freddie
Mark Calabria, who could be confirmed as early as this month, is expected to focus on changes to Fannie Mae and Freddie Mac’s conservatorships to let the mortgage giants keep more of their profits.
Housing groups urge FHFA’s Otting to be cautious on GSE reform
The Mortgage Bankers Association, National Association of Realtors and 26 other groups warned the agency not to pursue steps reducing the scope of Fannie Mae and Freddie Mac that could upset the mortgage market.
Zero guarantee for GSE debt has consequences, Layton says
Without the ability to issue unsecured debt nearly as cheaply as U.S. Treasury bonds, Freddie Mac could not afford to repurchase defaulted loans from MBS, Freddie CEO Don Layton said.
5 things to watch at FHFA nominee’s Senate hearing
Industry observers will be closely monitoring Mark Calabria's testimony before the Senate Banking Committee on Thursday for hints about how the Trump administration plans to proceed on mortgage finance reform.
Will GSE reform come from the White House, Congress … or both?
Recent developments give the impression that the administration and lawmakers are in direct competition, but the ultimate framework may rely on coordination from both branches of government.
GSE reform, CFPB underwriting rule are on collision course
Absent some policy change, nearly a third of the loans backed by Fannie Mae and Freddie Mac could be in violation of the Consumer Financial Protection Bureau's Qualified Mortgage rule in two years.
Opinion Changes to capital rules should be part of GSE overhaul
As policymakers consider administrative reforms to Fannie and Freddie, they must address the problem of capital arbitrage to avoid overleveraging the mortgage system.
Crapo shakes up GSE reform with housing finance plan of his own
The Senate Banking Committee chairman released an outline for overhauling the U.S. housing finance system more than 10 years after the government put Fannie Mae and Freddie Mac into conservatorship.
FHFA’s Otting gives Democratic leaders little detail on GSE plans
The agency's acting director said he welcomes lawmakers' “insight and perspective” on how to end the conservatorships of Fannie Mae and Freddie Mac.
GSEs, data security top Senate Banking’s agenda
Fixing the housing finance system is "the last piece of unaddressed business from the financial crisis," according to a summary of to-do items released by the Banking Committee's chairman.
What is Otting’s plan for GSE reform? It’s complicated
The acting head of the Federal Housing Finance Agency has promised substantial changes for Fannie Mae and Freddie Mac, but the exact mechanics and timeline of an administration plan are still a mystery.
Trump sends Calabria’s nomination as FHFA director to the Senate
The White House has officially nominated Mark Calabria as the next director of the Federal Housing Finance Agency.
Will 2019 bring long-awaited GSE reform?
After 10 years of conservatorship, the new year could finally usher in big steps toward housing finance reform.
On way out, Hensarling makes final case for GSE reform
The House Financial Services Committee held a hearing to examine the outgoing committee chairman's bipartisan GSE reform bill, but lawmakers were already looking ahead.
Trump names OCC’s Otting as acting director of FHFA
The White House said that Comptroller of the Currency Joseph Otting will serve as acting director of the Federal Housing Finance Agency beginning Jan. 6, after Director Mel Watt’s term ends.
Mnuchin hints at Fannie-Freddie changes to end federal control
The Trump administration wants to work with Congress on freeing Fannie Mae and Freddie Mac from government control, though it's considering pursuing some changes on its own, Treasury Secretary Steven Mnuchin said Tuesday.
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