Monday Morning Cup of Coffee: Goldman's $1B FHFA settlement?

Monday Morning Cup of Coffee: Goldman's $1B FHFA settlement?

America’s lost decade; FHA fees drag; Mortgage lending, RMBS slow to a crawl

Here’s why the FHFA is not a fan of principal reduction

Who's going to pay for that?

Before you judge Dodd-Frank...

Urban Institute: "Can we really calculate the cost?"
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Items Tagged with 'Bailout'

ARTICLES

Geithner: By bailing out banks, it looked like we were "rewarding the arsonists"

Former Treasury Secretary on public perception of bailout
May 13, 2014
"I don't think anybody found a way to, in that moment, to explain and describe it. And I think that's because at its core the things we had to do — the work — was going to look like we were rewarding the arsonists," former Treasury Secretary Timothy Geithner said Monday on NPR.
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Counterpoint: Worst case, Fannie, Freddie need taxpayers

Severely adverse scenarios require Treasury help
April 30, 2014
Painting a different picture than the Federal Housing Finance Agency's scenarios, in the Dodd-Frank stress tests, the enterprises came up short.
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FHFA: Fannie, Freddie will not require another bailout

GSEs pass all three FHFA stress test scenarios
April 30, 2014
Looking at the results, cumulative, combined Treasury draws at the end of 2015 remain unchanged at $187.5 billion as neither enterprise requires additional Treasury draws in any of the three scenarios.
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Treasury readies Ally initial public offering

The beginning of the end
March 27, 2014
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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New FOMC minutes reveal tough calls in 2008

Fed presidents unsure of what could happen
February 21, 2014
The Federal Reserve released the minutes from 2008 at the Federal Open Market Committee and gave a look inside the monetary decisions taking place during the worse economic downturn in a generation.
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Fannie Mae finally profits Uncle Sam

Now will they start paying shareholders?
February 21, 2014
Fannie Mae is paying the U.S. Department of Treasury $7.2 billion, bringing its payments now to a level exceeding the total bailout it received. It still hasn't paid shareholders. It's unclear if it plans to. And it hasn't started paying back the bailout, either.
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Paying Fannie and Freddie investors was never part of the plan

Investors: This is government confiscation of private property
February 18, 2014
Freddie Mac and Fannie Mae stockholders were on the hook for losses after the housing crash, but according to the Administration's official policy, they won't be getting any of the profits.
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FHA bailout pushes federal deficit to $22B

MMI fund to reach its capital ratio requirement by 2017
October 22, 2013
With the Federal Housing Administration drawing $1.7 billion from the Treasury into its Mutual Mortgage Insurance Fund for the first time in FHA history, the balance of the fund ended up costing the federal government a hefty sum.
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FHA needs $1.7B bailout

Decline in FHA endorsement volume leads to shortfall
September 27, 2013
The Federal Housing Adminstration will require a $1.7 billion bailout from the Treasury to cover projected losses in mortgage-related programs, officials told Congress in a letter Friday.
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Experts pull back reins on FHA bailout rumors

Will FHA reform immediately follow the shortfall? Doubtful.
September 26, 2013
While rumor has it the FHA will require a first-time Treasury draw this year, industry analysts are cautioning the industry not to buy into those reports just yet.
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