Items Tagged with 'GSE conservatorship'

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  • Fannie Mae, Freddie Mac still in conservatorship in 2024? Calabria says it’s possible

    Tells Reuters that he hopes to have GSEs out of conservatorship by 2024
    Recent reporting by Bloomberg suggested that the Trump administration may be wavering on pursuing widespread reforms of Fannie Mae and Freddie Mac in advance of the 2020 election due to the potential economic impact of those reforms on voters. Now, Federal Housing Finance Agency Director Mark Calabria now says it’s possible that the GSEs may remain in conservatorship until 2024, at least.
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  • Trump administration reportedly souring on sweeping Fannie, Freddie reform prior to 2020 election

    Bloomberg: Trump admin is concerned about political fallout of GSE reform
    Despite momentum towards actually ending the conservatorship of Fannie Mae and Freddie Mac seemingly growing by the day, the Trump administration is reportedly concerned about the impact of widespread housing finance reform in advance of the 2020 election. And because of that concern, the administration may be considering holding off on significant reforms to the GSEs for at least another 18 months.
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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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  • Housing industry responds to Trump's calls for housing finance reform

    Groups applaud president's official step toward instigating long-awaited change
    On Wednesday, President Donald Trump signed a memorandum calling for an end of the conservatorship of Fannie Mae and Freddie Mac. The memorandum details programs and objectives that the government agencies are asked to analyze for reform, but it doesn't provide many other specifics. Absent concrete details for change, most groups in the housing space applauded the president's move as an necessary step toward instigating much-needed change.
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  • Trump asks HUD to address financial viability of reverse mortgage program

    Housing finance reform to include assessment of HECMs
    President Donald Trump this week put into motion federal action on the "overdue reform of the housing finance system." Among the president's to-do list for the HUD secretary: address the financial viability of the reverse mortgage program, and report back to him promptly with a detailed plan for reform.
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  • Trump officially calls for end to Fannie Mae, Freddie Mac conservatorship

    White House issues release calling for "overdue reform of the housing finance system"
    President Donald Trump is officially calling for an end to the conservatorship of Fannie Mae and Freddie Mac, according to a White House release issued Wednesday. Trump is expected to sign a memorandum later today issuing "overdue reform of the housing finance system," the White House said, marking the administration’s first official move to instigate a plan for GSE reform.
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  • Trump to sign memorandum on housing finance reform

    Expected to direct HUD and Treasury to draft reports on GSE reform
    President Donald Trump is expected to sign a memorandum on housing finance reform Wednesday, on the second day of Senate Banking Committee hearings on GSE reform that are intensifying the debate over removing Freddie Mac and Fannie Mae from conservatorship.
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  • Freddie Mac CEO Don Layton stepping down in July, David Brickman to take over

    Layton set to retire July 1
    Don Layton’s time as CEO of Freddie Mac will officially end this summer, the government-sponsored enterprise announced Thursday morning. Layton has led Freddie Mac since 2012, but the GSE announced last year that Layton would be retiring at some point in the second half of 2019. And Thursday, the GSE revealed exactly when Layton’s run as CEO will end, and who will replace him.
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  • Shares of Fannie, Freddie soar as Wall Street bets on GSE privatization

    Common shares up 170%
    There’s been lots of noise lately that the end of Fannie Mae and Freddie Mac's conservatorship is looming, and the speculation is causing the GSEs' stocks to soar. The Wall Street Journal reports that common shares of Fannie and Freddie are up 170% as news hit that FHFA Acting Director Joseph Otting reportedly said he was weeks away from making an announcement.
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