Items Tagged with 'GSE conservatorship'

ARTICLES

  • Fannie Mae CEO Tim Mayopoulos: Conservatorship has been very successful

    On his last day as CEO, Mayopoulos looks back and looks ahead
    Despite other prominent housing figures stating earlier that morning that the GSE conservatorship is unstable and undesirable, Fannie Mae CEO Tim Mayopoulos complimented the government on its decision to bail out the companies and place them in conservatorship for 10 years. "Conservatorship has been very successful," Mayopoulos said. "What the government did worked quite well."
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  • Top housing groups push Trump administration, Congress to enact permanent GSE reform

    Housing industry’s biggest acronyms want formalized, stable changes
    With the 10-year anniversary of the government taking Fannie Mae and Freddie Mac into conservatorship nigh upon us, a coalition of the housing industry’s largest trade groups, affordable housing advocates, and others is calling on the Trump administration and Congress to enact permanent reforms to the government-sponsored enterprises.
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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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  • 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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  • Here's the final tally on Fannie, Freddie credit risk-sharing in 2016

    FHFA report details GSEs' efforts to offload risk
    In 2013, Fannie Mae and Freddie Mac began shifting credit risk to investors as part of a plan to reduce the overall risk of the government-sponsored enterprises, and therefore, the risk to the American taxpayers. And a new report published Monday by the Federal Housing Finance Agency shows how much progress the GSEs are making in their collective effort to protect the taxpayers from risk.
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  • WATCH: Dave Stevens gives MBA’s top priorities to new HUD secretary

    Top 3 issues MBA is leading a charge on
    The Mortgage Bankers Association explained its top priorities now that the Senate confirmed the 17th HUD Secretary Ben Carson. MBA CEO Dave Stevens explained the MBA’s agenda with both Carson and other recent nominees to the president’s cabinet, including working with Treasury Secretary Steven Mnuchin on the conservatorship of the GSEs.
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  • Fannie, Freddie stock plummets after court decision dents shareholders' prospects

    But still trading above pre-election totals
    Shares of Fannie Mae and Freddie Mac went into free fall on Tuesday after the U.S. Court of Appeals for the District of Columbia Circuit ruled that Fannie and Freddie shareholders cannot pursue many of their claims related to the so-called “Third Amendment sweep.” But despite the drop, both Fannie and Freddie are still trading above where they were prior to the election of President Donald Trump.
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  • Court rejects hedge funds claims in Fannie, Freddie profit sweep

    But all is not lost
    Fresh off handing down a significant ruling in the battle over the constitutionality of the Consumer Financial Protection Bureau, the U.S. Court of Appeals for the District of Columbia Circuit just dealt a sizable body blow to the investors who claimed that the government’s decision to sweep all the profits from Fannie Mae and Freddie Mac into the government’s coffers was not only unnecessary, but illegal as well.
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  • Fitch: Trump tax cuts could force another Fannie Mae, Freddie Mac bailout

    Corporate tax rate cut could lead to additional Treasury draw
    Speaking before a meeting with airline executives, President Donald Trump said Thursday that his administration plans to unveil a tax reform plan in the coming weeks, with changes to corporate and personal taxes likely on the agenda. While those changes would likely be well received by corporate America, a new report from Fitch Ratings suggests that cutting corporate tax rates by as much as the president suggested could lead to Fannie Mae and Freddie Mac needing another bailout from the government.
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