Articles Tagged with ''housing finance reform''

Trump administration reportedly souring on sweeping Fannie, Freddie reform prior to 2020 election

Bloomberg: Trump admin is concerned about political fallout of GSE reform
Despite momentum towards actually ending the conservatorship of Fannie Mae and Freddie Mac seemingly growing by the day, the Trump administration is reportedly concerned about the impact of widespread housing finance reform in advance of the 2020 election. And because of that concern, the administration may be considering holding off on significant reforms to the GSEs for at least another 18 months.
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Freddie Mac's former CEO is heading back to Harvard

Layton will be a senior fellow focused on housing finance reform at "critically important" juncture
After four years as CEO of Freddie Mac, Donald Layton is heading back to Harvard University, where he was a student in the 1970s. Harvard’s Joint Center for Housing Studies announced on Monday that Layton will be a senior fellow focused on housing finance reform. Michael Stegman, a top advisor on housing policy for the Obama administration, will serve as a senior fellow with the same focus, Harvard said.
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Calabria: Ending the net worth sweep is step one of GSE reform, IPOs are an option

Made his remarks to a packed room at the MBA Secondary Conference
The much-anticipated session with FHFA Director Mark Calabria at the MBA Secondary Conference in Manhattan Monday did not disappoint. No, he didn't reveal a timeline for releasing the GSEs from conservatorship, but his mission and intense focus were clear: The status quo isn't an option.
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Trump: "Many geniuses" are working to end government control of Fannie and Freddie

Tells NAR audience administration will work closely with Congress to pass critical reforms
President Donald Trump spoke about Fannie Mae and Freddie Mac for two minutes near the end of a one-hour speech at the National Association of Realtors convention in Washington on Friday. In addition to HousingWire’s story on Trump’s speech, here are the president’s complete and unedited comments on housing-finance reform.
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From HW Magazine

HOT or NOT May: What's trending in housing right now

Trump administration looks into housing finance reform
President Donald Trump directed the U.S. Department of Housing and Urban Development and the U.S. Department of the Treasury to compile reports on the reform of government-sponsored enterprises Fannie Mae and Freddie Mac. But Office of the Inspector General for the Department of Housing and Urban Development is looking into whether the White House interfered with aid approved for Puerto Rico as the island recovered from 2017’s Hurricane Maria.
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Mark Calabria takes over as FHFA director, begins push for housing finance reform

Calabria: We must not let this opportunity for reform pass
After being confirmed by the Senate earlier this month, Mark Calabria officially took over Monday as the director of the FHFA, the federal agency charged with overseeing Fannie Mae, Freddie Mac, and much of the U.S. housing finance system. And in remarks delivered at his swearing in ceremony at the FHFA, Calabria emphasized the pressing need for housing finance reform.
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Housing industry responds to Trump's calls for housing finance reform

Groups applaud president's official step toward instigating long-awaited change
On Wednesday, President Donald Trump signed a memorandum calling for an end of the conservatorship of Fannie Mae and Freddie Mac. The memorandum details programs and objectives that the government agencies are asked to analyze for reform, but it doesn't provide many other specifics. Absent concrete details for change, most groups in the housing space applauded the president's move as an necessary step toward instigating much-needed change.
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