Items Tagged with 'GSE reform'

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Community bankers: GSE reform should keep what works and just fix the problems

How to ensure a robust primary and secondary mortgage market
More talk of reforming the government-sponsored enterprises are starting to surface as the Trump administration promises to make reform a priority. Diverging from other industry reform options out there, the Independent Community Bankers of America penned their version of how GSE reform should take place. So which option will work best?
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House committee considers bill to open records at Fannie Mae and Freddie Mac

Budget office reports cost estimate
The House Committee on Oversight and Government Reform is considering a bill that would force Fannie Mae and Freddie Mac to comply with the Freedom of Information Act while under government conservatorship. The Congressional Budget Office released its report on what the bill would costs the GSEs and the FHFA.
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NAHREP stands behind Mortgage Banker Association proposition for GSE reform

Pleased with MBA’s attention to affordable housing
The National Association of Hispanic Real Estate Professionals issued a statement supporting the Mortgage Bankers Association’s proposal for GSE reform. NAHREP stressed that it supported the MBA’s focus on affordable housing, which would help Hispanics who make up 40% of the U.S. first-time homebuyer population.
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Does the MBA’s GSE reform plan finally address a key roadblock?

Stevens explains how this plan is different
Nearly eight years of conservatorship turned talks of reforming Fannie Mae and Freddie Mac into a myth - one that the industry might discuss but doesn't believe will actually happen. So what’s the main factor stopping GSE reform? No one really understands it. This problem is exactly what the Mortgage Bankers Association is trying to fix.
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MBA to Congress: Here’s the roadmap you need to tackle GSE reform

60-page white paper breaks down transition process to reform
On Sept. 6, 2008, the Federal Housing Finance Agency placed Fannie Mae and Freddie Mac into conservatorship. Nearly nine years later, the largest trade group in the mortgage finance space, the Mortgage Bankers Association, released a white paper to stay in front of the housing reform conversation and address one of the thorniest issues: how to transition to a new system.
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Now is the time — Make housing reform a priority

Exclusive op-ed from the president of the MBA
Today, MBA is releasing a plan detailing how a future secondary mortgage market can work – describing a post-conservator end state for Fannie Mae and Freddie Mac. Our proposal includes transition steps detailing how to get from here to there and is the only paper that comprehensively addresses how the reformed secondary market would serve all Americans along the broad continuum of affordable housing needs.
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Community groups, lenders call for Fannie, Freddie to stop paying dividend to Treasury

Will Trump administration have a different answer?
Fannie Mae and Freddie Mac are scheduled to send their latest dividend payment to the Department of the Treasury later this month, but if a consortium of community groups and lenders has their way, that money will stay with the government-sponsored enterprises to help rebuild their dwindling capital base.
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Where does housing finance reform stand right now?

And here's what's stopping reform
Attendees at Goldman Sachs’ housing and consumer finance conference took a break from talks of regulatory change, alternative asset classes and raising capital funds for a low-key lunch served in the same room. As attendees unwound from the back-to-back panel sessions, they sat and listened to five experts try to unwrap the mess that is housing finance reform.
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[WATCH] Treasury Secretary Mnuchin says expect GSE reform during Trump administration

Not number one priority, but on the agenda
Treasury Secretary Steven Mnuchin sat down with CNBC for his first television interview since being confirmed to lay out some of the administration’s economic priorities. Among the items discussed, Mnuchin mentioned GSE reform, confirming that a change in Fannie and Freddie’s current status is still high on the administration’s list of priorities.
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