Items Tagged with 'housing finance reform plan'

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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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  • FHFA's Watt reiterates that housing finance reform must come from Congress

    Tells bankers' conference that reform effort goes beyond GSEs
    On Thursday, while Department of the Treasury Secretary Steven Mnuchin told members of the Senate about the Trump administration’s plans for housing finance reform, Federal Housing Finance Agency Director Mel Watt said that the heavy lifting on housing finance reform needs to come from Congress.
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  • Mark Calabria to serve as chief economist for Vice President Mike Pence

    Long-time housing reform advocate joins Pence's staff
    Mark Calabria, a long-time housing reform advocate, will serve as the chief economist to Vice President Mike Pence. In his role within Pence’s office, Calabria could play a big role and be a sizable voice for housing finance reform, which he has spoken about frequently in his career.
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  • Fitch: Fannie Mae, Freddie Mac reform may be put on back-burner

    Complexity of issue, differing interests may further delay GSE reform
    While the Democrats in the Senate fight the confirmation of Steve Mnuchin, the Trump administration’s choice to lead the Department of the Treasury, the fate of Fannie Mae and Freddie Mac continues to reside in suspended animation. But how much longer will the government-sponsored enterprises float in the conservatorship ether? According to a new report from Fitch Ratings, those waiting for comprehensive GSE reform may have to wait a little longer.
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  • FSOC: Congress must take on housing finance reform

    Time is running out
    The Financial Stability Oversight Council, which includes the leaders of the government's top financial regulatory agencies, believes that it is time for Congress to take on housing finance reform, stating that regulators are "approaching the limits" of their ability to enact housing reforms.
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