Items Tagged with 'housing finance reform'

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Mark Calabria to serve as chief economist for Vice President Mike Pence

Long-time housing reform advocate joins Pence's staff
Mark Calabria, a long-time housing reform advocate, will serve as the chief economist to Vice President Mike Pence. In his role within Pence’s office, Calabria could play a big role and be a sizable voice for housing finance reform, which he has spoken about frequently in his career.
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Gary Cohn: Fannie Mae, Freddie Mac reform will be high on Mnuchin's agenda

Maybe GSE reform will happen quickly after all?
Despite Fitch Ratings’ analysts suggesting recently that reforming Fannie Mae and Freddie Mac may be slowed by the Trump administration’s other legislative efforts, one of President Trump’s top economic advisors said Friday that Fannie and Freddie reform will be high on Steve Mnuchin’s agenda once he is confirmed as Secretary of the Department of the Treasury.
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Fitch: Fannie Mae, Freddie Mac reform may be put on back-burner

Complexity of issue, differing interests may further delay GSE reform
While the Democrats in the Senate fight the confirmation of Steve Mnuchin, the Trump administration’s choice to lead the Department of the Treasury, the fate of Fannie Mae and Freddie Mac continues to reside in suspended animation. But how much longer will the government-sponsored enterprises float in the conservatorship ether? According to a new report from Fitch Ratings, those waiting for comprehensive GSE reform may have to wait a little longer.
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Here’s the U.S. Treasury’s advice on how to level the mortgage playing field

Three-part blog series
Right as Washington is about to switch over to a Republican leader after eight years with Pres. Obama at the helm of the nation, the U.S. Treasury communicated its parting thoughts on reforming the housing finance system. Here’s the final piece of a three-part series from the Treasury, this time focusing on an equal playing field for lenders.
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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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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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Five critical housing questions our next President needs to answer

Former Secretary of the Navy, President of Ginnie Mae on housing reform
With the 2016 Republican and Democratic national conventions quickly approaching, it is time for the presidential candidates to lay out specific proposals regarding their governing agenda, and especially their plans for housing finance reform, writes John Dalton, a former Secretary of the Navy and former president of Ginnie Mae. Dalton lays out five questions that our next president needs to answer.
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Exclusive: Josh Rosner and Glen Corso on why it's time for true GSE reform

Industry insiders weigh in on the future of Fannie Mae and Freddie Mac
In an exclusive commentary, Graham Fisher & Co.'s Josh Rosner and Glen Corso, the executive director of the Community Mortgage Lenders of America, discuss why now is the right time for comprehensive reform to Fannie Mae and Freddie Mae, and plot a roadmap for the future of the GSEs.
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It’s far past time to end Fannie, Freddie conservatorship. Here’s how to do it

CHLA shares plan for recapitalizing GSEs
It is now seven years since Fannie Mae and Freddie Mac went into conservatorship. The Community Home Lenders Association says that it believes a government guarantee is needed to maintain an affordable 30-year mortgage and sustain housing markets. But consensus is elusive on what should come next. Here is their plan.
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