Articles Tagged with ''U.S. Treasury''

Fannie Mae reports income of $4B in third quarter

Will pay Treasury $4 billion in third quarter of 2018
Fannie Mae reported Friday it posted a comprehensive income of $4 billion in the third quarter of 2018, rising from $3 billion in the third quarter of last year. Notably, Fannie Mae provided $140 billion in liquidity to the mortgage market through financing and refinancing 726,000 homes and rental units.
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Message from housing finance groups: Congress must work on GSE reform

Groups send joint letter to Mnuchin and Watt
Initial talks from the Trump administration on reforming Fannie Mae and Freddie Mac are not happening as quickly as originally anticipated due to a growing backlog of things to accomplish in Washington D.C. Despite the slowed-down timeline, some of the biggest housing finance groups joined together to remind housing officials to stay focused on reform.
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Democrats on Treasury report: This attacks consumer protections

It's just like the "Wrong Choice Act"
To no one's surprise, Democrats came out vehemently against the new U.S. Treasury report on financial regulations that recommends gutting the Consumer Financial Protection Bureau and overhauling mortgage regulation. The comments from Democrats on the new Treasury report echo a lot of concerns they’ve already shared about the Financial CHOICE Act.
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Mnuchin: White House to negotiate 15% corporate tax rate

Here is what is in the tax plan
Wednesday is a big day for the Trump administration. Treasury Secretary Steven Mnuchin and White House chief economic advisor Gary Cohn unveiled their much-anticipated tax reform plan. But first, Mnuchin gave a sneak preview of what to expect in an interview Wednesday morning.
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Here’s the U.S. Treasury’s advice on how to level the mortgage playing field

Three-part blog series
Right as Washington is about to switch over to a Republican leader after eight years with Pres. Obama at the helm of the nation, the U.S. Treasury communicated its parting thoughts on reforming the housing finance system. Here’s the final piece of a three-part series from the Treasury, this time focusing on an equal playing field for lenders.
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Here’s the U.S. Treasury’s plan to preserve access to mortgage credit

In good times and bad
The financial crisis caused a major shift in the housing market as the credit box pendulum swung too far in one direction. The impact of this left many would-be homeowners with no financial options. The Treasury Department’s latest blog proposes three ways the government can make sure the housing market functions in good times and bad.
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8 years later, a look back on TARP

Happy anniversary
The anniversary of the Consumer Financial Protection Bureau’s Know Before You Owe rule isn’t the only historical mortgage moment that happened on Oct. 3. Monday also marked the eighth anniversary of the Emergency Economic Stabilization Act of 2008 becoming law, putting the Troubled Asset Relief Program into effect. Here's how the program performed for the past eight years.
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FHFA: HARP now extended through 2016

Matches HAMP deadline
After industry rumors of an extension over the past year, the Federal Housing Finance Agency finally announced it is extending the Home Affordable Refinance Program until the end of 2016. Will this be the last extension for HARP and HAMP?
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