Items Tagged with 'GSE reform'

ARTICLES

  • 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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  • Mnuchin: GSE reform isn’t happening in 2018

    But still plans to take Fannie, Freddie out of conservatorship
    Back in September, during a Politico Policy Summit in Washington, U.S. Department of the Treasury Secretary Steven Mnuchin said GSE reform would be addressed in 2018. For all of you nay-sayers who said it wouldn’t happen – a new interview with the secretary shows you were probably right.
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  • Fannie Mae needs billions from Treasury for the first time since 2012. What happened?

    Credit the Republican tax plan, and much more
    If you’ve been playing close attention, you knew this day was coming, but that doesn’t make it any less shocking. Fannie Mae needs money from the government for the first time since 2012. So, how did we get here? The easy answer is to blame the Republican tax plan, and in many ways, that’s correct… but it’s far more complicated than that.
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  • Trump budget proposes to reduce deficit by raising g-fees

    Extends increase to 2023
    President Donald Trump released his 2019 budget proposal which suggests taking revenue from Fannie Mae and Freddie Mac to lower the deficit. The spending plan released Monday asks Congress to raise the fees the mortgage guarantors charge to back payments on mortgage-backed securities.
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  • Is the Senate planning to move Fannie, Freddie into receivership?

    Could replace GSEs with 10 private-market guarantors
    The Senate could be on the verge of housing finance reform as it is working on a bill that would place Fannie Mae and Freddie Mac into receivership. According to American Banker, a new plan for the GSEs could turn Fannie and Freddie into utilities with access to an explicit government guarantee against catastrophic loss.
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  • Fannie and Freddie make more money per employee than almost any other company

    GSEs’ profit per employee is among highest in the world
    What Fannie Mae and Freddie Mac do with the money they make has long been a debate in the housing finance world. What has never been up for debate is just how much money the GSEs make. Being the major (only?) players in the secondary mortgage market has been good business for Fannie and Freddie for some time. But new analysis puts the GSEs’ business into stark perspective.
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