Truth is, those recent housing numbers aren't so shiny

Truth is, those recent housing numbers aren't so shiny

Housing starts? More like housing stops, amirite?

This man pretends to be a Realtor and no one can stop him

Canadian fines don’t seem to slow down Derek Johnson

The top 10 critical issues facing GSE reform

Urban Institute: Reform in limbo
W S

Items Tagged with 'Federal Housing Finance Agency'

ARTICLES

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.
Read More

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.
Read More

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.
Read More
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.
Read More

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.
Read More

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.


Read More

FHFA considering plan to offer single Fannie, Freddie bonds

Report on Common Securitization Platform may be coming soon
Ben Lane
During his May speech at the Brookings Institute, FHFA Director Mel Watt said that adjusting the way Fannie and Freddie securitize mortgages was one of his key goals. Now it appears that the FHFA may be one step closer to accomplishing that goal.
Read More

Mortgage insurer ratings safe despite potential FHFA rule changes

S&P: Transition period provides sufficient time
Brena Swanson
Despite the FHFA's decision to revise its private mortgage insurance requirements, Standard & Poor’s Rating Services forecasts that insurers will maintain strong ratings in the immediate term.
Read More

FHFA watchdog raises concerns about nonbanks

Explosive growth of nonbank lenders comes with risks to GSEs
Ben Lane
The increase of nonbank and smaller lenders has its positives and negatives, according to the FHFA-OIG. Nonbanks reduce the concentration of the financial exposure to the GSEs' largest counterparties, but there are credit, operational and reputational risks.
Read More

FHFA seeks to reduce private insurance risk

Calls for input on draft requirements
Brena Swanson
The Federal Housing Finance Agency is trying to reduce its credit risk after taking a giant hit from the financial crisis. As a result, it is seeking input on drafting new requirements that would apply to private mortgage insurance companies.
Read More