Items Tagged with 'Federal Housing Finance Agency'


  • Trump’s housing-finance plan aims to curb GSE lending in areas with rent control

    “This is the Trump administration against the blue states,” says Raymond James analyst
    Buckle your seatbelts, California. You may be in for another showdown with the Trump administration. One of the proposals buried in Treasury’s housing-finance plan was: curbing Fannie Mae and Freddie Mac multifamily lending in areas that adopt rent control. “The lesson I've had through observing the Trump administration is: They tell you in advance what they are going to do and they more often than not follow through,” a Raymond James analyst said.
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  • FHFA moves to curb Fannie Mae, Freddie Mac green loans for multifamily

    Regulator raises lending caps for GSEs but ends the energy-efficiency carve-out
    The federal regulator for Fannie Mae and Freddie Mac announced changes on Friday to tweak its role in the multifamily mortgage market. The FHFA boosted the multifamily lending caps for the nation’s two largest mortgage financiers to $100 million each, but that won’t necessarily increase volume because it also ended the exemption for “green loans” that had swelled the GSEs’ balance sheets. The regulator also announced it was reclassifying loans in some rural areas and high-cost areas as counting toward the GSEs’ affordable housing goals.
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  • Trump administration releases housing finance blueprint to privatize Fannie Mae, Freddie Mac

    Aims to encourage competition, reduce regulations
    The Trump administration released its long-awaited plan to reform the nation’s housing finance system and privatize Fannie Mae and Freddie Mac. The recommendations include: "simplifying" the Qualified Mortgage rule, eliminating the so-called QM patch that lets Fannie and Freddie sidestep some regulations, and reducing "unnecessary regulatory impediments" for private-label securitization.
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  • From HW Magazine

    Mark Calabria: New director changes course for FHFA

    Exclusive sit down with new director on future of FHFA
    President Donald Trump appointed Calabria to take the helm of the FHFA on December 12, 2018. The Senate then officially confirmed Calabria in April by a vote of 52 to 44 as head of the agency. Since then, Calabria has not been silent on his plan to reform the FHFA and the entities it oversees – Fannie Mae and Freddie Mac.
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  • Add another 6 months to Fannie, Freddie recap and release timeline

    FHFA will be forced to reissue rule to avoid lawsuits, Cowen’s investors note says
    In a note to investors obtained by HousingWire, Cowen Washington Research Group on Friday said the new rule for the “recap and release” of Fannie Mae and Freddie Mac probably is at least six months away. “We suspect FHFA will reissue the rule out of an abundance of caution,” Jaret Seiberg, Cowen’s managing director, said in the note issued on Friday. “The last thing the agency wants is for the courts to strike down the capital rule because FHFA made enough changes from the proposal that the public needed another opportunity to comment.”
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  • FHFA flip-flops, won't blacklist VantageScore as FICO alternative for Fannie and Freddie

    FHFA removes pending prohibition on GSEs using credit bureau-owned model
    In a rather surprising development, the Federal Housing Finance Agency announced Tuesday that it will allow Fannie Mae and Freddie Mac to consider using VantageScore as an alternative to their current FICO credit scoring model, a dramatic reversal from a proposed rule issued late last year.
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  • Urban Institute: Launch of FHFA's single security was "flawless"

    Says uniform security lays important groundwork for GSE reform
    In June, the Federal Housing Finance Agency announced that its long-laid plans to launch a single security – the Uniform MBS – for loans backed by Fannie Mae and Freddie Mac had finally come to fruition. Now, with two months of UMBS in play, the Urban Institute is praising the successful launch of this “enormous undertaking,” noting the critical groundwork it lays for future GSE reform.
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  • Fannie Mae, Freddie Mac delaying use of new Uniform Residential Loan Application

    FHFA asked GSEs to make changes to form
    Nearly three years ago, Fannie Mae and Freddie Mac announced that they were changing the standard mortgage application form for the first time in 20 years. As the development process moved forward, the GSEs dictated that lenders would be required to begin using the new loan application by Feb. 1, 2020. But that’s not the case anymore. Fannie and Freddie announced Thursday that they are delaying the mandatory use of the redesigned Uniform Residential Loan Application to an unspecified date in the future.
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  • David Applegate to step down as CEO of Common Securitization Solutions

    News follows the June launch of Uniform Mortgage-Backed Security
    In 2013, Freddie Mac and Fannie Mae established Common Securitization Solutions to design and implement the single GSE bond through the Common Securitization Platform. David Applegate was appointed CEO at the jointly owned company’s launch. But on Thursday, Fannie and Freddie announced that he is stepping down. 
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  • FHFA: American home price appreciation inches forward 0.1% in May

    Colorado, Arizona region of U.S. had largest annual gains
    Home prices rose slightly in May, inching forward only 0.1% from the previous month but up 5% from 2018, according to the latest monthly House Price Index from the Federal Housing Finance Agency. The report indicates that across the nine census divisions, the South Atlantic Division saw the strongest appreciation growth, whereas the East South Central Division experienced no growth.
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