Items Tagged with 'GSE reform'

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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 Wednesday. 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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When it comes to GSE reform, there's no need to reinvent the wheel

We don't need to start from scratch with reform
After reviewing various GSE reform options, I strongly believe our strongest course of action would be to combine the existing GSEs into a single, super GSE operated similarly to Ginnie Mae. Ginnie is already a proven success story, in spite of underfunding and hurricane-like market headwinds in the past ten years, so why not build upon something that we know works?
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FHFA's Watt: Congress needs to handle housing finance reform

Fannie Mae, Freddie Mac overseer responds to calls to end GSE status quo
In recent weeks, several different groups tried to exert public pressure on the Federal Housing Finance Agency in an attempt to end the housing finance system's current status quo. Up to this point, the FHFA and its director, Mel Watt, did not respond directly to these efforts. But now, Watt is responding to those public salvos, albeit much more quietly than the trade groups or the politicians.
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Corker, Warner, bipartisan Senate coalition to FHFA: Leave GSE reform to us

But don’t expect it any time soon
Over the last few months, several groups attempted to push the Federal Housing Finance Agency to allow Fannie Mae and Freddie Mac to rebuild their dwindling capital base. Now, several of the most significant voices on housing finance reform in the Senate are weighing in with their own view on the situation. Their advice? Leave housing finance reform to us.
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Sen. Corker pulls name from Trump VP shortlist

Leading Congressional voice on housing reform won't join presidential race
One of the leading voices in Congress on housing finance reform will not be lending his voice to the coming presidential race, at least not in an official capacity, as Sen. Bob Corker, R-Tenn, announced Wednesday that he is removing himself from consideration to serve as the vice presidential candidate under presumptive Republican nominee Donald Trump.
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FSOC: Congress must take on housing finance reform

Time is running out
The Financial Stability Oversight Council, which includes the leaders of the government's top financial regulatory agencies, believes that it is time for Congress to take on housing finance reform, stating that regulators are "approaching the limits" of their ability to enact housing reforms.
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