Hensarling gives GSE reform another try
The departing House Financial Services chair unveiled a bill with Democrat John Delaney to repeal Fannie and Freddie's charters and establish Ginnie Mae as a backstop.
Regulatory reform
Regulators extend comment period for Volcker Rule changes
The agencies had proposed revisions designed to make compliance less complex, but banks have expressed concern that the plan could have the opposite effect.
Will federal control of Fannie and Freddie ever end?
Maybe political winds or another downturn will spark housing finance reform. But 10 years after the conservatorships began, the companies are still in perpetual limbo.
Senate Banking advances CFPB nominee over Dem objections
The committee approved the nomination of Kathy Kraninger to head the Consumer Financial Protection Bureau, despite strong Democratic opposition, as well as President Trump's picks for Ginnie Mae, the Export-Import Bank and several other positions.
How next FHFA chief can reform Fannie, Freddie without Congress’ help
The regulator of the government-sponsored enterprises has substantial authority to intervene as a legislative stalemate continues.
House panel plans FHFA oversight hearing, invites Watt to testify
The House Financial Services Committee has scheduled an FHFA oversight hearing for September in the wake of waste, fraud and abuse allegations.
What FHFA scandals mean for agency’s future, GSE reform
The biggest impact may be to focus the administration’s efforts on selecting a nominee to succeed Director Mel Watt, whose term ends in January.
Fannie reclassifies certain assets, sees big earnings boost
Fannie Mae’s treatment of a reperforming loan package helped drive up earnings by almost 41% to $4.5 billion, delivering a stronger dividend to Treasury ahead of a leadership change.
Seven contenders to become next FHFA chief
Whoever succeeds current Director Mel Watt will have a front-and-center role in efforts to reform Fannie Mae and Freddie Mac.
FHFA to write credit score rule rather than pick alternative score for GSEs
The Federal Housing Finance Agency is suspending its ongoing review of new credit scoring models and will instead move forward with creating a regulatory framework for providers of alternative credit scores to apply and be evaluated for use by Fannie Mae and Freddie Mac.
The hard part of reg relief is just getting started
The federal bank regulators are considering roughly a dozen new rulemakings in response to the bill rolling back certain sections of Dodd-Frank.
All heat, no light: Kraninger gives little sense of CFPB views
The nominee to run the consumer bureau endured tough questioning over the administration’s family-separation policy but appeared to weather the barrage.
FHFA, like CFPB, finds its constitutionality in doubt
With ruling in GSE case, the two agencies are emerging as the test subjects for a legal showdown over their authority.
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.
CFPB’s compliance approach makes regulatory guidance unreliable: MBA
The Consumer Financial Protection Bureau's practice of "regulation by enforcement" and use of nonbinding guidance materials makes its regulatory efforts "unfair and ineffective" to lenders and servicers, the Mortgage Bankers Association said.
Pressure mounts on FDIC, Fed to follow OCC’s small-dollar lead
The Office of the Comptroller of the Currency’s bulletin is seen as just one piece of the regulatory puzzle to coax banks into installment lending.
Opinion FHFA needs to curb Fannie and Freddie’s insatiable appetites
Instead of shrinking the GSEs, the housing regulator is letting them expand into a host of new products and programs.
Edward J. Pinto
American Enterprise Institute
Treasury’s fintech report to encourage sandboxes, weigh in on charters
A senior Treasury department official said it's an "adapt or die" situation for regulators and financial firms in the midst of a growing fintech space.
HUD taking a closer look at ‘disparate impact’ rule
Courts have validated the legal theory behind punishing lenders for unintentional discrimination, but the Trump administration has shown interest in revising the Obama-era policy.
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.
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