Items Tagged with 'GSE reform'

ARTICLES

  • Cowen's Seiberg says concern about Mnuchin's GSE comment is overblown

    "There has been much teeth-gnashing this week," Seiberg says
    Treasury Secretary Steven Mnuchin started last week having dinner with the Queen of England as part of the entourage accompanying President Donald Trump to Buckingham Palace. A few days later, he made financial news by throwing cold water on plans to reform Fannie Mae and Freddie Mac. "There has been much teeth-gnashing this week after Treasury Secretary Steve Mnuchin said GSE reform cannot simply return Fannie and Freddie to their pre-conservatorship state," said Jaret Seiberg, Cowen’s managing director.
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  • Calabria to Congress: Fannie, Freddie reform is urgent, critical and overdue

    FHFA director's report to Congress makes pleading case to end GSE conservatorship
    FHFA Director Mark Calabria stressed the need to remove the GSEs from conservatorship to lawmakers, outlining the reforms he views as necessary in his first annual Report to Congress since taking the helm at the agency. Here’s what he wants Congress to do to "support sustainable homeownership."
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  • REITs eye opportunities in the mortgage market as government pulls back

    Real estate investment trusts are beefing up their mortgage-bond portfolios, WSJ says
    Real estate investment trusts have not typically been huge participants in the housing finance market, but it seems the tide is quickly turning. According to a recent article in The Wall Street Journal, mortgage REITs have beefed up their mortgage-bond portfolios by nearly 28% year over year as of March, boosting their total collective investment to $308 billion.
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  • From HW Magazine

    Trump calls for reform

    Administration moves on bringing Fannie, Freddie out of conservatorship
    In March, President Donald Trump began officially calling for an end to the conservatorship of Fannie Mae and Freddie Mac. A statement released by the White House said that Fannie Mae and Freddie Mac have grown in size and reach, yet face no competition from the private sector, and that the U.S. Department of Housing and Urban Development programs are exposed to too much risk while relying on outdated processes.
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  • WSJ: Trump administration set to release plan on Fannie, Freddie privatization

    Finalizing proposal that would improve GSEs' footing, then set them free
    The Treasury Department is preparing to release a plan detailing the privatization of Fannie Mae and Freddie Mac, inside sources told The Wall Street Journal Thursday. The plan is being finalized now and promotes a "recap and release" strategy that would put the GSEs on more solid footing and then release them from government control.
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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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  • 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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  • Senate confirms Mark Calabria to lead FHFA

    Confirmed by a vote of 52-44
    The Senate confirmed the nomination of Mark Calabria to serve as the next director of the Federal Housing Finance Agency. The Senate voted 52-44 in favor of Calabria leading the agency, which oversees Freddie Mac and Fannie Mae.
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