Items Tagged with 'GSE reform'

ARTICLES

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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Unsealed government documents may reveal truth about Fannie, Freddie fate

Did the government really need to bail out the GSEs?
In the years since the government modified its agreement with Fannie Mae and Freddie Mac to sweep all the profits from the GSEs into the government’s coffers, many observers questioned whether the so-called "Third Amendment sweep" was even necessary. Now, a series of unsealed depositions show that not only were Fannie and Freddie on track to be profitable for at least 10 years, the government allegedly knew that fact, and more, before choosing to sweep away the GSEs' profits.
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The math behind the need for GSE reform

MBA CEO: This unfinished work 'looms over our nation'
The calls to allow the GSEs to rebuild capital amplify an important issue and are based on valid and reasoned concerns that we all share. Unfortunately allowing them to just recapitalize is simply not a mathematical possibility.
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Monday Morning Cup of Coffee: Fannie, Freddie crystal ball just got cloudier

Plus, is it time to buy the big banks?
There is a lot of debate surrounding the future or lack thereof of Fannie Mae and Freddie Mac, with opinions coming from the White House, Congress, trade groups, just to name a few. But predicting the future of the GSEs just got a little harder. Plus, is it time to buy the country's biggest banks? All that, and more, in your Monday Morning Cup of Coffee.
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There’s still time to fix Fannie and Freddie

"A goal worth pursuing"
It’s 2016, and since 2008, Fannie Mae and Freddie Mac have been in government conservatorship. Does that mean it’s time to give up on reforming the housing finance system? The answer is no. It is still possible to move away from this government-sponsored enterprise model and create a stronger system that makes affordable mortgages available to consumers, allows more competition and better protects the taxpayer from risk.
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Wall Street Journal op-ed ethers 'toxic twins' Fannie Mae, Freddie Mac

WSJ takes blowtorch to GSE risk-sharing measures
For the second time in the last ten days, the editorial section of a major national newspaper has taken on the future of Fannie Mae and Freddie Mac. The Washington Post recently weighed in on the recapitalization and release of Fannie and Freddie, calling it a “recipe for housing disaster.” But that’s nothing compared to the editorial that showed up in the Wall Street Journal.
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