Items Tagged with 'Federal Housing Finance Agency'

ARTICLES

Federal court tosses #Fanniegate suit seeking to inspect Freddie Mac's records

Tim Pagliara, leader of Investors Unite, wanted a look at Freddie's books
In what is already being called a "blow to shareholders," a federal court in Virginia ruled Tuesday that a Freddie Mac shareholder does not have the right to inspect the government-sponsored enterprise's financial records, thanks to the conservatorship agreements that went into effect when the government took over Freddie Mac and Fannie Mae.
Read More

Barclays triumphs in toxic mortgage bond row with U.S. Bank, FHFA

Court rules U.S. Bank, FHFA waited too long to file claims
Barclays Bank and a defunct subprime lending unit of the company are off the hook for allegedly misrepresenting the quality of the mortgages that made up a $619 million mortgage bond after the Supreme Court of the state of New York ruled that U.S. Bank and the Federal Housing Finance Agency waited too long to file a lawsuit against Barclays.
Read More

Obama administration presents a look at life after HAMP

Feds provide a preview of what's next
Time is ticking on the government's Home Affordable Modification Program and Home Affordable Refinance Program, as both will end on Dec. 31, 2016. In a comprehensive report published Monday, the Treasury, HUD, and the FHFA say that while these programs are set to end this year, the government plans to continue working with the mortgage industry on various loss mitigation programs moving forward, but caution that the industry needs to be prepared to do more.
Read More

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.
Read More

Who is eligible for principal reduction? New report sheds light on groundbreaking program

Just how many borrowers are eligible? Where are they located?
When the Federal Housing Finance Agency announced earlier this year that it was going forward with a groundbreaking plan to offer principal reduction to a select number of borrowers, the details on who exactly would be eligible were somewhat scarce, outside of the stipulations for the program provided by the FHFA. A new report from the FHFA provides more detail on how many borrowers are eligible and where they are located.
Read More

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.
Read More

FHFA: Fannie, Freddie single securitization coming in 2018?

Everyone, there is a full year left, so start getting ready now
The Federal Housing Finance Agency announced Thursday that it is making progress on the implementation of the single security to be issued by both Fannie Mae and Freddie Mac, and, for the first time, provided a look at just when the common security will become a reality. So, when is the single security coming? Click through to find out.
Read More