Items Tagged with 'GSE reform'

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FSOC: Congress must take on housing finance reform

Time is running out
The Financial Stability Oversight Council, which includes the leaders of the government's top financial regulatory agencies, believes that it is time for Congress to take on housing finance reform, stating that regulators are "approaching the limits" of their ability to enact housing reforms.
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MGIC CEO questions the role of the FHA

Is this right for the mortgage insurance industry?
As discussions around GSE reform and possible reductions in mortgage insurance premiums at the Federal Housing Administration start to reach a boiling point, Patrick Sinks, president and CEO of private mortgage insurer MGIC, posted a blog on the company’s website to get one important factor straight in the discussion.
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Community lenders "baffled" to see major trade groups push "Wall Street" agenda

CMLA pushes back against MBA, NAR efforts on GSE reform
The battle lines surrounding the potential reform of Fannie Mae and Freddie Mac are becoming firmly drawn, with the Community Mortgage Lenders of America denouncing and rejecting a recent letter from several of the largest trade groups in housing that called for the Federal Housing Finance Agency to leave Fannie and Freddie reform to Congress.
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WaPo: Stop trying to resurrect Fannie and Freddie

Remember the financial crisis?
The call for the recapitalization of Fannie Mae and Freddie Mac now comes from nearly every side despite starting off as a long-shot idea. However, there’s at least one journal publication that adamantly says this Fannie-Freddie resurrection idea needs to die.
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Five critical housing questions our next President needs to answer

Former Secretary of the Navy, President of Ginnie Mae on housing reform
With the 2016 Republican and Democratic national conventions quickly approaching, it is time for the presidential candidates to lay out specific proposals regarding their governing agenda, and especially their plans for housing finance reform, writes John Dalton, a former Secretary of the Navy and former president of Ginnie Mae. Dalton lays out five questions that our next president needs to answer.
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Congressional Democrats join push to recapitalize Fannie Mae, Freddie Mac

32 Democrats say lack of GSE capital holds "serious consequences"
Well, now it's officially coming in from all sides. Recently, a coalition of Conservative groups joined the charge to allow the government-sponsored enterprises to rebuild capital. Now, it’s not just Conservatives pushing for the recapitalization of Fannie Mae and Freddie Mac, Congressional Democrats are joining the fight too.
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There's no consensus on GSE reform, but there is this

Revolution deadline, TBD
After attending a conference with some of the top investors in housing, I’ve come to realize housing is as close to solving GSE reform as it is in solving "which came first, the chicken or the egg?" But amid all the opinions and solutions discussed, there was one session right before I headed back to Dallas that tossed out an opinion I think needs to be mentioned.
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Conservative groups join growing push to recapitalize Fannie Mae, Freddie Mac

Calls to end Third Amendment sweep now coming from all sides
Over the last year, various groups, including community lenders, affordable housing advocates, civil rights groups, interested observers, and financial analysts, called for a change in governmental policy that would allow Fannie Mae and Freddie Mac to rebuild a capital base. Now, there's a new voice pushing to recapitalize the GSEs, or several, as it were, coming from an interesting source.
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Freddie Mac's rough first quarter will likely embolden calls for GSE reform

Vocal critics of GSE capital structure hold new card to play
If you listen closely, you can hear the noise surrounding the recapitalization and release of the government-sponsored enterprises from conservatorship getting louder thanks to Freddie Mac reporting a loss of $354 million in the first quarter. Now all those who want to see an end to the GSE conservatorship for whatever their particular motivation is have a new card to play. And they will play it.
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