Why Fannie and Freddie may need more Treasury bailout cash
Fannie Mae and Freddie Mac may need to tap into U.S. Treasury funds when they adopt CECL, a new accounting rule that makes companies set aside money upfront for expected loan losses.
GSE reform
Fannie’s take on paying for PMI seeks to avoid ‘charter creep’ criticism
A Fannie Mae test to handle the private mortgage insurance process for lenders may raise concerns that it's going outside the scope of its secondary market mission. But the effort reflects its mandate to explore new credit-risk transfer alternatives, a company executive said.
Supreme Court shuffle: 5 possible reverberations for banks
A more conservative court will be likelier to rule favorably on issues ranging from the deference for regulatory agencies to what constitutes a fair-lending violation.
Small lenders urge FHFA to let Fannie and Freddie rebuild capital
The groups applauded a proposal to establish minimum GSE capital requirements, but called for more immediate steps to release the companies from conservatorship.
Overhauling ‘Dark Ages’ FHA a must for housing reform, HUD says
Risk management and technology systems at the Federal Housing Administration lag decades behind Fannie Mae and Freddie Mac and desperately need to be revamped, according to a top official at HUD.
FHFA seeks to bring more transparency to GSE balance sheets
The agency proposed new minimum capital requirements for Fannie Mae and Freddie Mac that would only go into effect if the government ends its conservatorships.
FHFA’s Watt plows ahead on housing finance fixes
In the continued absence of legislation, Fannie Mae and Freddie Mac’s regulator announced work on a new capital framework.
Freddie Mac’s risk-sharing success may help lower G-fees
If Freddie Mac's credit-risk transfer activities continue to grow, mortgage lenders could eventually see a reduction in the guarantee fees they pay to the government-sponsored enterprise, according to CEO Donald Layton.
Opinion Time’s up: GSE reform ain’t happening this year
Momentum to overhaul the mortgage finance system had been slipping, and with Democrats divided over the Senate's banking relief bill there's virtually no chance more bipartisan deals can be worked out.
Victoria Finkle
American Banker
FHFA still eyeing 2019 for implementation of new credit score model
The annual progress report on the Fannie Mae and Freddie Mac conservatorships reiterated that a new credit score model will likely not be operational until after the implementation of a new Single Security Initiative.
FHFA announces start date for new common mortgage security
After several years of preparation, Fannie Mae and Freddie Mac will start issuing a new, common mortgage-backed security starting June 3, 2019, the Federal Housing Finance Agency said Wednesday.
Supreme Court rejects hedge funds on Fannie, Freddie suits
The Supreme Court dealt hedge funds and other big investors a blow Tuesday by refusing to revive core parts of lawsuits that challenged the federal government’s capture of billions of dollars in profits generated by Fannie Mae and Freddie Mac.
Has GSE reform hit the skids?
Despite a legislative push by some senators and other stakeholders to jump-start housing finance reform, efforts to form consensus over a bill once again are stuck in neutral.
Clock running out to get housing finance reform moving
Housing finance reformers are pushing full steam ahead to get a bill introduced before the political calendar makes passage nearly impossible.
Cheat sheet: Senate goes own way on housing finance reform
Senate negotiators are working on a bill that would place Fannie Mae and Freddie Mac into receivership and replace them with multiple mortgage guarantors, according to sources.
Opinion Time to reform Fannie and Freddie is now
The GSEs are on their way to paying back the money they owed the government under the original bailout deal made at the height of the financial crisis, making 2018 an opportune time for an overhaul of the housing finance market.
Treasury, FHFA strike deal to let GSEs retain ‘limited’ capital
Fannie Mae and Freddie Mac will be allowed to build capital buffers to protect against losses under an agreement between the Treasury Department and the Federal Housing Finance Agency announced on Thursday.
Fannie and Freddie: Should they stay or should they go?
Until recently, there was a consensus among policymakers that Fannie Mae and Freddie Mac needed to be eliminated. That just changed. Here's why.
Breaking down Hensarling’s GSE reform overture
House Financial Services Committee Jeb Hensarling shifted tactics on housing finance reform Wednesday, acknowledging that a bill he’s pushed for years to virtually eliminate the government’s role in the mortgage market lacks the support to become law.
Common securitization platform testing taking longer than expected
Testing of the common securitization platform is taking longer than expected, but the Federal Housing Finance Agency said it won't delay the 2019 launch of Fannie Mae and Freddie Mac's new single "uniform mortgage-backed security."
Load More
Couldn’t load more articles. Try again.