Items Tagged with 'GSE reform'


Trump’s special advisor on regulatory reform doesn’t want to repeal Dodd-Frank

Carl Icahn named special advisor on regulatory reform
President-elect Donald Trump named the newest addition to his team on Wednesday, announcing billionaire investor Carl Icahn as a special advisor on issues relating to regulatory reform. Although the release is vague on any specific regulations, Icahn is on record saying he does not want to repeal Dodd-Frank.
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The challenges of a Ginnie Mae-based approach to housing finance reform

Will it work if Ginnie Mae remains under HUD?
One of the top GSE reform options on the table leverages the success of Ginnie Mae and was conceived by two industry stalwarts who have the respect and experience to give it a fighting chance. But in order to make the reform possible, there are key changes, especially financially, that would need to happen.
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Congress to consider bill requiring Fannie Mae, Freddie Mac to offload more risk

New bill facilitates additional credit-risk transfers to private market
Despite a new report from Moody’s Investors Service stating that wholesale reform of the government-sponsored enterprises is years away, some members of Congress are pursuing changes to how Fannie Mae and Freddie Mac operate. On Thursday, Reps. Ed Royce, R-Calif., and Gwen Moore, D-Wisc., introduced a new bill in the House of Representatives that would require the GSEs to offload more credit risk onto the private sector.
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Moody's: Privatizing Fannie Mae, Freddie Mac would cost "hundreds of billions"

Report predicts disruption to secondary market
Steve Mnuchin, President-elect Donald Trump’s choice to lead the Department of the Treasury, recently said that “getting Fannie and Freddie out of government ownership” is one of the Trump administration’s top 10 priorities. But just how realistic is that plan? According to a new report from Moody’s Investors Service, privatizing the GSEs is not only unlikely to happen any time soon, it’s also hugely cost-prohibitive, and it would be a negative for bond investors as well. Other than that, Mrs. Lincoln, how was the show?
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MBA CEO: GSE reform won’t make Trump’s shortlist

The fight for the MID
GSE reform made headlines again last week when Treasury secretary nominee Steve Mnuchin alluded to the Trump administration's plans for GSE reform. However, the plans are likely to stay just that — plans, according to an interview with Mortgage Bankers Associatoin CEO David Stevens. There are lots of other areas that Trump needs to focus on first, Stevens explained in an interview with HousingWire.
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[Video] The many challenges facing Trump on promised GSE reform

Where will GSE reform rank in priority?
Reforming Fannie Mae and Freddie Mac moved from a backburner issue to a hot topic after Treasury secretary nominee Steve Mnuchin revealed his plans for GSE reform in an interview on Dec. 1. So how does this look in execution? Recently, after moderating a panel on GSE reform, Jeb Mason, a partner at The Cypress Group, explained what the biggest challenges facing President-elect Donald Trump on this are going to be.
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Critics still unhappy with Fannie, Freddie conservatorship

Future of GSEs still uncertain under a Trump administration
The lack of attention given to housing during the presidential campaigns leaves many skeptical that the next administration has any plans for mortgage giants Fannie Mae and Freddie Mac. Some wonder if only another housing crisis will push the government to move the two GSEs into a more permanent structure.
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Community lenders renew call to allow Fannie Mae, Freddie Mac to rebuild capital

GSEs reported combined net income of more than $5 billion in 3rd quarter
In the wake of both of the government-sponsored enterprises reporting multi-billion dollar profits in the third quarter, the Community Home Lenders Association is renewing its call to allow Freddie Mac and Fannie Mae to rebuild capital, saying an additional draw from the Treasury could lead to a restriction of mortgage credit availablity.
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FTN Financial: No reform in sight for Fannie, Freddie

Presidential candidates display higher priorities
GSE reform? It's not coming any time soon according to one expert from FTN Financial. In fact, the decent returns from both mortgage giants in their recent earnings reports is keeping pressure off Congress to study and implement anything new.
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Republican Party calls for significant changes to housing in 2016

Party platform blasts "corrupt business model" of Fannie Mae, Freddie Mac
If the Republican Party sweeps November’s elections, the world of housing finance could be in for some significant changes, as the party's 2016 platform calls for seriously cutting the government’s role in housing. The platform could potentially abolish the Consumer Financial Protection Bureau and end the use of disparate impact.
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