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HUD, FHA programs abound for those hit by the recession

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Harvard/AARP Study: Housing lacks accessibility for boomers
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Items Tagged with 'Federal Housing Finance Agency'

ARTICLES

What's next for Fannie and Freddie?

FHFA proposes GSEs’ 2015-2017 housing goals
Brena Swanson
By the end of the year the Federal Housing Finance Agency will have to have a new set of housing goals for Fannie Mae and Freddie Mac. As a result, the agency is looking ahead and planning its housing goals for 2015 through 2017.
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FHFA watchdog: GSEs still at risk of TBW-style scams

Counterparty risk still real threat
Ben Lane
In a new report, the FHFA’s watchdog warns that the government-sponsored enterprises and their government counterpart, Ginnie Mae, must make improvements in several areas to avoid a recurrence of the multi-billon dollar losses that were suffered at the hands of Taylor, Bean & Whitaker chairman Lee Farkas, who is now behind bars, and his co-conspirators.
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WATCH: FHFA Director Watt ensures HARP is "not a scam”

800,000 families still eligible for HARP
Brena Swanson
There are still 800,000 families nationwide that could benefit from the Home Affordable Refinance Program, but many of the eligible consumers left are staying out of the market due to fear.
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It's settled: Principal reduction is smart policy

How the BofA settlement opened the door
Christie Peale

For the first time, loans insured by the Federal Housing Administration will be eligible for principal reduction under the consumer relief menu in a major settlement. 


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Urban Institute: There is an art to G-fee increases

3 conclusions behind rate hikes
Brena Swanson
As the Federal Housing Finance Agency continues to seek input on guarantee fees, according to the Urban Institute, the process might not be too easy to conquer.
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MBA’s Stevens: Single GSE bond is “critical”

New plan brings “unworkable fantasy” closer to reality
Ben Lane
"The move to a single security will enable the two GSEs to compete on a more level playing field, and this competition will be beneficial to both homebuyers and lenders,” David Stevens, president and CEO of the Mortgage Bankers Association, said.
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FHFA takes next step to single GSE bond

Plan would create common securitization for Fannie and Freddie
Ben Lane
The proposal calls for a “Single Security” that would encompass many of the features of the existing Fannie and Freddie securitization structure, which the FHFA said is necessary to “achieve maximum market liquidity.” The announcement today provided key details on what that bond may look like, but the FHFA did not provide a specific timeline for implementation.
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From HW Magazine

The First Director

The FHFA's Mel Watt on the GSEs, and his role in shaping the future of the housing economy
Jacob Gaffney
Melvin Luther Watt quietly slid into his office as the first appointed director of the Federal Housing Finance Agency. It was the end of last year, in mid-December. Christmas was coming and the markets were in the middle of the harshest winter in years. As he took over the office of Acting Director Ed DeMarco — himself the unassuming lightning rod for the nation’s housing policy — Watt gave no indication of what he intended to do with his new position; arguably the most powerful job in mortgage finance.
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FHLB Des Moines, FHLB Seattle in merger talks

Brings 12 FHLB down to 11
Brena Swanson
Currently, there are 12 Federal Home Loan Banks that could change soon, with a potential merger from the Federal Home Loan Bank of Des Moines and the Federal Home Loan Bank of Seattle.
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FHFA extends G-fee input deadline

Seeks industry opinion on G-fee policy
Brena Swanson

The Federal Housing Finance Agency extended its deadline for accepting industry input on Fannie Mae and Freddie Mac guarantee fees to Sept. 8, allowing more time for public comment on G-fee policy and implementation regarding the optimum level of G-fees required to protect taxpayers.


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