Items Tagged with 'Federal Housing Finance Agency'

ARTICLES

Fannie Mae, Freddie Mac finalize rep and warrants policies

Finally establish third-party arbitration for repurchases
The Federal Housing Finance Agency announced this morning that Fannie Mae and Freddie Mac are changing their mortgage purchasing rules to establish an independent third-party review process for repurchases. This arbitrator will now review unresolved loan-level disputes.
Read More

FHFA releases final rule for FHLB membership

Effective 30 days from publication in the Federal Register
The Federal Housing Finance Agency has officially released its final rule amending the regulation on Federal Home Loan Bank membership. Most notably, provisions that were of particular concern during the comment period were addressed in the new rule.
Read More

Wall Street Journal op-ed ethers 'toxic twins' Fannie Mae, Freddie Mac

WSJ takes blowtorch to GSE risk-sharing measures
For the second time in the last ten days, the editorial section of a major national newspaper has taken on the future of Fannie Mae and Freddie Mac. The Washington Post recently weighed in on the recapitalization and release of Fannie and Freddie, calling it a “recipe for housing disaster.” But that’s nothing compared to the editorial that showed up in the Wall Street Journal.
Read More

FHFA releases 2016 goals for Fannie and Freddie

New guidelines for the Common Securitization Solutions
The Federal Housing Finance Agency released the new 2016 housing scorecard, which outlines specific priorities for Fannie Mae and Freddie Mac and their joint venture, Common Securitization Solutions. The scorecard is broken up into three main sections: maintain, reduce and build. These are some highlights for each section.
Read More

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.
Read More

It's official: Obama signs bill limiting Fannie, Freddie CEO pay

Bill received unanimous support in House, Senate
In what has become a complete and total rebuke of an effort put forth by Federal Housing Finance Agency Director Mel Watt to award $3 million raises to the CEOs of Fannie Mae and Freddie Mac, President Obama signed into a law a bill that caps the salaries of Fannie Mae CEO Timothy Mayopoulos and Freddie Mac CEO Donald Layton.
Read More

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties
The Federal Housing Finance Agency announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2016. Despite some predictions that the loan limits would rise for 2016, the FHFA said the conforming loan limits will remain unchanged for much of the country, but not everywhere.
Read More

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.
Read More