Judge throws out Fannie and Freddie investors’ lawsuit

More signs of a sliding housing market

Affordability has issues, too

Fannie: Millennial housing demand declines further

Fall comes even as housing affordability for young improves
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Items Tagged with 'Treasury'

ARTICLES

Monday Morning Cup of Coffee: Judge deals major blow to investors in GSE lawsuit

Fed mortgage stability monitoring nothing more than a myth?
Trey Garrison
Is the case against Treasury crippled? Is the idea of the Fed maintaining mortgage market stability a unicorn? What happens when 3,500 structured finance professionals get together in Miami for three days? Read on and find out.
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Call to end Treasury secrecy on Fannie and Freddie gets louder

Treasury continues to fight discovery, open records in lawsuits
Trey Garrison
A coalition of 17 conservative and free-market public policy groups sent a letter to the ranking members of the House Finance Services Oversight and Investigative Subcommittee urging them to demand more transparency and accountability regarding the “Third Amendment Sweep” of the six-year GSE conservatorship agreement from the U.S. Treasury.
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FOMC tapers another $10 billion

Bond purchases nearly over as October approaches
Brena Swanson
The Federal Reserve decides to taper another $10 million in bond purchases. However, the FOMC cautioned that there remains significant underutilization of labor resources, with the recovery in the housing sector moving at a slow pace.
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Did Treasury plan to shortchange Fannie, Freddie investors?

As more layers peel away, a pattern forms
Trey Garrison
A report on TheStreet.com Tuesday focusing on the potential for conflict of interest in Blackstone serving as an advisor to the U.S. Department of Treasury missed a much bigger story.
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Former Treasury general counsel George Madison joins Sidley Austin

Served as advisor to Timothy Geithner, helped formulate Dodd-Frank
Ben Lane
Madison was appointed to his role at the Treasury by President Obama and confirmed unanimously by the Senate. As general counsel, Madison was the chief law officer of the Treasury and a senior policy advisor to the Secretary of the Treasury, Timothy Geithner.
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Obama administration reveals plan to jump-start housing

Extends HAMP to 2016, announces measures to attract private capital
Ben Lane
Citing the lack of private capital in the market, the dearth of affordable rental options and the abundance of Americans who are facing foreclosure or are underwater on their mortgages, Treasury Secretary Jacob Lew announced three new plans to boost housing in the U.S.
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Private mortgage bond market could stage a comeback

Treasury Secretary Jacob Lew expected to announce new initiative
Brena Swanson
The Treasury Department will launch an initiative to revive the market for mortgage securities without government backing, bringing together institutional investors and issuers of mortgage bonds to create guidelines for the new venture.
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Ally Financial underwriters purchase stock back from Treasury

Treasury to recover additional $181M
Trey Garrison
The U.S. Department of the Treasury is expected to recover an additional $181 million, which brings the total recovery on the Ally investment to approximately $17.8 billion.
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Fannie Mae net income lifted by settlements, hits $5.3 billion

"Taxpayer in the first loss position"
Brena Swanson
Fannie Mae’s first-quarter net income hit $5.3 billion, the enterprise’s ninth consecutive quarterly profit. The company's earnings were mostly driven by guaranty fees and declining revenues attributable to the company’s retained mortgage portfolio.
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Treasury readies Ally initial public offering

The beginning of the end
Jacob Gaffney
Once a major player in the mortgage market, the automotive finance company and bank holding company will be traded on the New York Stock Exchange under the ticker ALLY. But will the Treasury make its money back on its investment?
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