Monday Morning Cup of Coffee: Time to cut the MLS cord?

Monday Morning Cup of Coffee: Time to cut the MLS cord?

Plus housing metrics, the incredible shrinking GDP, and kicks are for TRIDs

Jeb Bush: Current housing and debt situation unsustainable

Is the clock ticking on the 30-year mortgage?

Senate banking committee passes massive regulatory relief bill

Big implications in legislation for housing and mortgage finance
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Items Tagged with 'GSE reform'

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Senate banking committee passes massive regulatory relief bill

Big implications in legislation for housing and mortgage finance
Trey Garrison
The Senate Committee on Banking, Housing and Urban Affairs passed “The Financial Regulatory Improvement Act of 2015” on Thursday, which will, if it makes it through the bill-making grinder and gets passed into law, bring big changes to the red tape the mortgage finance industry is tied up in.
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Trending Thursday: Housing, mortgage finance getting a break from Washington?

Plus untying Fannie, Freddie and the whole Gordian knot of conservatorship
Trey Garrison
A lot of changes could be on the horizon for housing, mortgage finance, Fannie, Freddie and the whole housing shebang. Here's the latest from Washington and beyond.
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MBA's Stevens: Time for a clarification on Fannie, Freddie reform

Protecting GSE role in housing supersedes profit-focused shareholders
David Stevens
Right now, Fannie Mae and Freddie Mac are providing liquidity in the secondary market for residential mortgage in the absence of private capital. The unbalanced dependence here puts the entire system on untenable ground and presents enormous risks to taxpayers.
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Mr. Lew and Holder: Tear down this wall of secrecy on Fannie, Freddie profit sweep

Support or oppose ‘3rd amendment sweep’
Trey Garrison
You can oppose or support the third amendment sweep. You can be for or against the recapitalization of the GSEs. But no one, in good conscience, can support keeping the American people in the dark as to why.
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Former FDIC chair unleashes sharp critique of Fannie, Freddie treatment

William Isaac says Treasury sweep of profits puts taxpayers at risk
Trey Garrison
The sweep of Freddie and Fannie profits to Treasury puts taxpayers at a great risk of having to bailout the GSEs if, as FHFA's OIG suggests, profitability goes south. The latest sounding the warning? The former head of the Federal Deposit Insurance Corp. Think he's right?
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Congresswoman wants to put Fannie, Freddie profits in escrow

Introduces bill to force action on GSE reform
Trey Garrison
A congress member wants to put profits from the government sponsored enterprises in escrow. Is it so crazy it just might work?
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Do we really need laws protecting the 30-year mortgage?

These guys say yes, yes we do
Trey Garrison
Three New England congressmen have introduced legislation designed to protect the fixed-rate 30-year mortgage and, they say, shield American taxpayers from future bailouts by reforming the housing finance system. Think it's a good idea?
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Pagliara: Government's profit sweeps of Fannie and Freddie put taxpayers at risk

Fannie, Freddie not adequately capitalized
Harry Gardner
The Hill ran an opinion piece from Tim Pagliara on how he thinks the status quo and the Third Amendment Sweep puts taxpayers more at risk. Here’s why.
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CMLA: Time to reduce the FHFA g-fees, mortgage insurance

Fannie, Freddie fees create an unnecessary cost
Trey Garrison
The lending association says that if the administration isn’t going to allow the GSEs to retain earnings to rebuild their capital base, then g-fees and mortgage insurance fees should be lowered. Here’s why.
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Monday Morning Cup of Coffee: ‘Rehab recovery’ an opportunity for MBS investors

More voices join call for GSE recapitalization; Some not bad news for Ocwen
Trey Garrison
The opportunities for MBS investors are apparent in the economic fundamentals, and investors need to get used to the new normal.
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