Items Tagged with 'Federal Housing Finance Agency'

ARTICLES

  • Fannie Mae CEO Tim Mayopoulos stepping down within days

    Fannie Mae names Hugh Frater interim CEO
    For the first time in more than six years, Fannie Mae will soon be run by someone other than Tim Mayopoulos. Back in July, Fannie Mae announced that Mayopoulos planned to step down “by the end of the year,” but did not specify a date for his departure. Now, Mayopoulos’ days as Fannie Mae’s CEO are numbered – literally.
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  • Politico: Watt accuser invited to speak at FHFA hearing

    Simone Grimes accused FHFA Director Mel Watt of sexual misconduct
    Simone Grimes, the Federal Housing Finance Agency employee who accused Director Mel Watt of sexual harassment, has been invited to testify at the House Financial Services Committee’s upcoming congressional hearing on oversight of the agency, according to a report by Politico. 
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  • FHFA: Home prices increase 0.2% in July

    East South Central division sees weakest annual house appreciation of all divisions
    Home prices increased in July, inching forward 0.2% from June, according to the latest monthly House Price Index from the Federal Housing Finance Agency. According to the report, across the nine census divisions, the Mountain division once again saw the strongest appreciation growth.
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  • Hensarling’s Hail Mary: Top Republican unveils sweeping bipartisan housing finance reform bill

    Would wind down Fannie Mae and Freddie Mac, elevate Ginnie Mae
    It’s now officially been 10 years since the government took Fannie Mae and Freddie Mac into conservatorship. And in that decade, an uneasy status quo has developed with Fannie and Freddie dominating the housing finance system, despite their limited capital bases and unresolved position as wards of the federal government. But if House Financial Services Committee Chairman Jeb Hensarling has anything to say about it in his final days in office, all of that uncertainty will soon be resolved.
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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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  • Trump cancels looming pay raise for federal workers

    Workers at HUD, FHA, FHFA, other agencies see raises disappear
    Nearly two million federal government employees, including many at the Department of Housing and Urban Development, the Federal Housing Administration, the Department of Veterans Affairs, the Federal Housing Finance Agency, and all other federal agencies, were due a pay raise in January, but that won’t happen anymore.
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  • FHFA proposes new rule to reduce compliance burdens

    Requests comment on changes to golden parachute rule
    The FHFA announced Tuesday its new proposed rule which would amend its rule on golden parachute payments in order to reduce compliance burdens. The agency explained some parts of the rule are too broad, and overregulate areas where there is little risk of excess or abuse.
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  • FHFA employee files lawsuit against agency for $1 million

    Claims pay discrimination after unwanted sexual advances
    Monday, the FHFA employee who claims she was sexually harassed by FHFA Director Mel Watt filed a lawsuit against the agency for $1 million. In the lawsuit, FHFA employee Simone Grimes claims the agency paid her less than the man who held her position before her because she refused sexual advances from Watt.
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  • Freddie Mac: Mortgage rates fall to lowest level since mid-April

    Mortgage rates decrease for the third consecutive week
    Mortgage rates decreased for the third consecutive week, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac’s Chief Economist Sam Khater said consumer spending is now driving equities higher, however, sales activity in the housing market has now crested.
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  • FHFA: Home prices rise at slowest pace in last four years

    Home prices up 6.5% from Q2 2017
    Home prices slightly increased in the second quarter of 2018, rising only 1.1% but still up 6.5% from the second quarter last year. Furthermore, home prices increased in June, rising 0.2% from May, according to the latest monthly House Price Index from the Federal Housing Finance Agency.
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