Items Tagged with 'GSE reform'

ARTICLES

  • Is Fannie, Freddie's role in the housing market beginning to shrink?

    A growing number of non-conforming loans are flowing to the private market as investors get in on the game
    Private investors are buying non-conforming mortgage loans – which are usually the domain of Fannie Mae and Freddie Mac – at a growing rate. According to The Wall Street Journal, the number of loans that meet Fannie and Freddie standards for purchase are instead flowing to the private market. Banks and financial institutions are pooling them into bonds and selling them to investors without government backing, the WSJ said, calling it a consequential sign of changing dynamics.
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  • Housing industry to FHFA: Go slow on GSE reform

    Letter encourages agency to make affordable housing a priority
    Talk of housing reform is heating up, and now several members of the housing industry are encouraging the FHFA not to go too fast, and to make sure affordable housing remains a priority throughout the process.
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  • Watt out: OCC’s Otting officially takes over as FHFA director

    Otting will serve as interim director until Senate votes on Calabria
    Mel Watt’s time as the director of the Federal Housing Finance Agency is officially over. Watt became the first Senate-confirmed director of the FHFA back in 2014, and led the FHFA for five years, but his term as FHFA director ended on Jan. 6, 2019. Here's a look back at Watt's time at the FHFA and a look ahead at what's next.
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  • What would Mark Calabria as FHFA director mean for the future of Fannie and Freddie?

    Analysts weigh Calabria’s potential impact
    The Trump administration has officially nominated Mark Calabria to be the next director of the FHFA when Mel Watt’s term is up early next year. But what would Calabria bring to the FHFA and what might that mean for the future of Fannie Mae and Freddie Mac? Here's a look at what's next, from those in the know.
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  • 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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