Items Tagged with 'Federal Housing Finance Agency'

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Fannie Mae, Freddie Mac look for more ways to share credit risk

GSEs provide update on risk-sharing programs; seek input on front-end deals
The federal government is looking for additional methods and mechanisms that it can use to transfer credit risk currently borne by Fannie Mae and Freddie Mac, and therefore the American taxpayers, to private investors. Here's a breakdown of the history of Fannie and Freddie's risk-sharing deals, and a look at what the GSEs want to do next.
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FHFA "strongly disagrees" with questioning Fannie Mae's motives for HQ construction

Watt responds to watchdog's allegations
In a wide-ranging report released Thursday, the FHFA Office of Inspector General seemingly questioned the motives of Fannie Mae surrounding the construction of its new headquarters in Washington, D.C. In a response to the OIG report, FHFA Director Mel Watt balks at the veiled questioning of Fannie Mae's motives, saying he "strongly disagrees" with the assertion that Fannie Mae has "little incentive" to hang on to its money.
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FHFA watchdog blasts lax oversight of rising Fannie Mae headquarters construction costs

FHFA-OIG: Projected cost carries "significant financial and reputational risks"
The Federal Housing Finance Agency has been lax in its duties as the overseer of Fannie Mae, and needs to do far more to address the dramatically rising cost of Fannie Mae's new Washington, D.C. headquarters, the FHFA's watchdog said in a new report. Here are all the details.
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Community lenders "baffled" to see major trade groups push "Wall Street" agenda

CMLA pushes back against MBA, NAR efforts on GSE reform
The battle lines surrounding the potential reform of Fannie Mae and Freddie Mac are becoming firmly drawn, with the Community Mortgage Lenders of America denouncing and rejecting a recent letter from several of the largest trade groups in housing that called for the Federal Housing Finance Agency to leave Fannie and Freddie reform to Congress.
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Congressional Democrats join push to recapitalize Fannie Mae, Freddie Mac

32 Democrats say lack of GSE capital holds "serious consequences"
Well, now it's officially coming in from all sides. Recently, a coalition of Conservative groups joined the charge to allow the government-sponsored enterprises to rebuild capital. Now, it’s not just Conservatives pushing for the recapitalization of Fannie Mae and Freddie Mac, Congressional Democrats are joining the fight too.
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FHFA: Home prices increase again, rise 1.3%

Marks 19 consecutive quarterly price increases
While home prices only increased a meager 1.3% in the first quarter of 2016, it’s added onto a long string of increases; 19 consecutive quarterly price increases to be exact. According to FHFA Supervisory Economist Andrew Leventis, there is at least one unique factor in this quarter.
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