Items Tagged with 'GSE reform'

ARTICLES

  • 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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  • David Stevens: Here's the MBA view on GSE reform

    What to do about Fannie, Freddie, and even Ginnie
    [Expert commentary] In an exclusive guest post, Mortgage Bankers Association President and CEO David Stevens presents the MBA's view on the "right" reform plan for Fannie Mae, Freddie Mac, and Ginnie Mae. How much should the government be involved in the mortgage market? Stevens presents the MBA case.
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  • Congressional hearing scheduled on the future of Ginnie Mae

    HFSC set to hear testimony this Wednesday
    The House Financial Services Committee is set to hear testimony on Wednesday from the acting director of Ginnie Mae on the future of the only entity that securitizes federally insured mortgages. The hearing may give some insight into the government's plans for Fannie Mae and Freddie Mac.
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  • GSE reform in 2018? Mortgage finance positions of power in Washington up for grabs

    The changing of the guard
    [Commentary] There’s a perfect storm going on in Washington D.C right now. Just as talks over housing finance reform start to move from a laughing matter to a serious topic of discussion, some of the biggest positions of power on Capitol Hill just opened up. Or, they’re about to be up for grabs. Here’s a quick pulse on all the changes.
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  • Mark Calabria: Trump administration "committed" to ending conservatorship

    Pence’s chief economist renews commitment for GSE reform
    During a wide-ranging discussion about the government’s role in housing, Vice President Mike Pence’s chief economist Mark Calabria revealed Wednesday that the Trump administration is "committed" to ending the conservatorship of Fannie Mae and Freddie Mac. What else did Calabria say? Click through to find out.
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  • MBA experts on GSE reform: Where does risk fall when it comes to reform?

    Hint: It’s not the capital buffer
    Fannie Mae and Freddie Mac are getting uneasily close to spending nearly a decade in conservatorship, with Sept. 6, 2008, officially marking 10 years. As conservations have slowly shifted from almost a joke to more of a serious possibility under the new administration, several experts at the Mortgage Bankers Association’s 2017 annual convention and expo weighed in on the probability reform and what lies ahead for reform.
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  • Carson and Watt call on Congress to take on housing finance reform

    Both tell MBA Annual crowd that conservatorship has lasted too long
    During his speech Monday morning at the Mortgage Bankers Association Annual Meeting in Denver, Federal Housing Finance Agency Director Mel Watt reiterated his recent sentiments that it is time for Congress to take on housing finance reform because the conservatorship of the government-sponsored enterprises has gone on too long. And Watt wasn’t the only big-time housing official to call on Congress to tackle housing finance reform.
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