Items Tagged with 'GSE reform'

ARTICLES

  • Mnuchin’s top housing advisor says GSE charters should be removed

    Craig Phillips: Trump administration working to end GSE conservatorship
    Craig Phillips, Department of the Treasury Secretary Steven Mnuchin’s top housing advisor, told the crowd at the Mortgage Bankers Association 2018 Annual Conference in Washington, D.C., on Monday that the Trump administration is working to end the conservatorship of Fannie Mae and Freddie Mac. Here's the plan.
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  • Hensarling’s Hail Mary: Top Republican unveils sweeping bipartisan housing finance reform bill

    Would wind down Fannie Mae and Freddie Mac, elevate Ginnie Mae
    It’s now officially been 10 years since the government took Fannie Mae and Freddie Mac into conservatorship. And in that decade, an uneasy status quo has developed with Fannie and Freddie dominating the housing finance system, despite their limited capital bases and unresolved position as wards of the federal government. But if House Financial Services Committee Chairman Jeb Hensarling has anything to say about it in his final days in office, all of that uncertainty will soon be resolved.
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  • Top housing groups push Trump administration, Congress to enact permanent GSE reform

    Housing industry’s biggest acronyms want formalized, stable changes
    With the 10-year anniversary of the government taking Fannie Mae and Freddie Mac into conservatorship nigh upon us, a coalition of the housing industry’s largest trade groups, affordable housing advocates, and others is calling on the Trump administration and Congress to enact permanent reforms to the government-sponsored enterprises.
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  • FHFA caves to industry requests, extends comment period for proposed GSE capital rule

    Interested parties given 2 extra months to review proposal
    Back in June, the Federal Housing Finance Agency proposed a new rule on Fannie Mae and Freddie Mac’s capital requirements, opening the rule up for public comment. Now, after the FHFA said it received a high level of interest and several requests from stakeholders for more evaluation time, it is pushing back its comment period.
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  • Fed Chair Powell: GSE reform essential for U.S. economy

    Testifies before Senate on current state of economy
    Tuesday, Federal Reserve Chair Jerome Powell gave his semi-annual congressional testimony before the Senate Committee on Banking, Housing and Urban Affairs. And while Powell didn’t provide many specific details, he stated his belief that it would be healthy for the economy to see GSE reform move forward.
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  • End of conservatorship? Trump administration proposes privatizing Fannie Mae, Freddie Mac

    Government reveals plan to reshape country’s housing finance system
    Later this year, the housing industry will “celebrate” the 10-year anniversary of Fannie Mae and Freddie Mac being taken into conservatorship at the height of the housing crisis, but if the Trump administration has its way, the conservatorship of the government-sponsored enterprises could actually be ending soon.
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  • MBA Secondary prepares to hit the big topics

    GSE reform, digitalization, government lending
    Day two, and the first full day of sessions, is off at the Mortgage Bankers Association Secondary conference in New York City. The MBA began its opening session Monday as Fox Business Network host Trish Regan interviewed MBA CEO Dave Stevens for a retrospect on his career in what will be Stevens’ last appearance on this stage.
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