Judge throws out Fannie and Freddie investors’ lawsuit

More signs of a sliding housing market

Affordability has issues, too

Fannie: Millennial housing demand declines further

Fall comes even as housing affordability for young improves
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Items Tagged with 'GSE reform'

ARTICLES

Treasury doesn’t want former Fannie CFO in GSE investor lawsuit

Claims despite his expertise Howard would be biased
Trey Garrison
A week ago HousingWire first reported that former Fannie Mae CFO J. Tim Howard was hired by Fairholme Funds in their lawsuit against the U.S. Treasury, and now the government is arguing against allowing Howard access to 800,000 pages of discovery documents.
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Everyone agrees there must be housing finance reform

The problem is that no one can agree on the how of it
Trey Garrison
Housing finance reform is a nut that still can’t be cracked because of a lack of consensus among those involved, but most agree the status quo can’t continue.
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Housing won’t recover unless GSE, housing tax credit changes

BPC Summit: The status quo is only going to make things worse
Trey Garrison
The housing tax credit should be raised 50%, a balance must be struck between an affordable housing policy and restricting mortgage availability to qualified borrowers, and the GSE status quo cannot hold. All this, and more, is happening right now at the Bipartisan Policy Center housing forum in Sun Valley, Idaho.
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Did Treasury plan to shortchange Fannie, Freddie investors?

As more layers peel away, a pattern forms
Trey Garrison
A report on TheStreet.com Tuesday focusing on the potential for conflict of interest in Blackstone serving as an advisor to the U.S. Department of Treasury missed a much bigger story.
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Investors Unite gets the cold shoulder at Guggenheim Securities

Maloni makes the case for keeping Fannie and Freddie
Trey Garrison
Guggenheim Securities held a by-invitation-only event last week in New York for big GSE investors, but members of Investors Unite — that is, the retail investors — were shut out. All except one, who spoke to HousingWire on the condition of anonymity.
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CHLA challenges FHFA IG report on risk from smaller nonbank lenders

Report lacks evidence to support claims, ignores other key factors
Trey Garrison
The Community Home Lenders Association is challenging the Federal Housing Finance Agency IG report issued last week which had raised concerns about risks to the GSEs from increased loan purchases from smaller nonbank mortgage lenders.
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Judge shoots down FHFA bid to limit discovery, keep docs secret

Judge Sweeney: FHFA cannot evade judicial review
Trey Garrison
A federal court handed Fairholme Funds a huge victory late last week, granting broad access in discovery to FHFA records going back years and reminding the FHFA that it is not above the law.
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New legislation will break apart and sell Fannie Mae and Freddie Mac

House Democrats introduce new GSE reform measure
Jacob Gaffney and Ben Lane
The bill winds down Fannie Mae’s and Freddie Mac’s current activities and revokes their charter, but allows them to be sold and recapitalized as entities with different business plans without any of their current unique powers.
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Fannie, Freddie conservatorship hurts investors, destabilizes mortgage market

Trey Garrison
In the pages of the Wall Street Journal on Sunday, the former head of the Federal Deposit Insurance Corp. takes the government to task on its virtual third-world, banana republic treatment of GSE investors.
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Treasury Secretary testifies on GSEs, nonbank MSRs and TBTF

Hensarling: Americans are fearful of their government
Trey Garrison
It was a raucous and heated session at the House Financial Services Committee as Treasury Secretary Jacob Lew made his annual report on the Financial Stability Oversight Council, touching on everything from GSE reform and nonbank MSRs to the IRS lost emails scandal.
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