Items Tagged with 'Conservatorship'

ARTICLES

  • Housing finance reform should fix what’s broken

    What does housing finance reform look like?
    [Expert commentary] Nearly 10 years after Fannie Mae and Freddie Mac were placed into conservatorship, housing finance reform remains the single largest piece of unfinished business of the housing crisis. The failure of Fannie and Freddie, the taxpayer bailout and repayment that followed, and their unresolved conservatorship continue to demand final resolution, even if Congress does not.
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  • Monday Morning Cup of Coffee: The end of conservatorship, HUD failings and stadium drama

    Your weekly dose of the most crucial weekend mortgage and housing news
    The proposed end of conservatorship for the GSEs by the Trump administration might be the biggest news of the year for the mortgage industry, find out what the MBA has to say about it. Plus, a new ProPublica report shows that HUD left hundreds of thousands at risk of lead poisoning and the LA Clippers are in hot water with residents of the city of Inglewood.
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  • End of conservatorship? Trump administration proposes privatizing Fannie Mae, Freddie Mac

    Government reveals plan to reshape country’s housing finance system
    Later this year, the housing industry will “celebrate” the 10-year anniversary of Fannie Mae and Freddie Mac being taken into conservatorship at the height of the housing crisis, but if the Trump administration has its way, the conservatorship of the government-sponsored enterprises could actually be ending soon.
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  • Mark Calabria: Trump administration "committed" to ending conservatorship

    Pence’s chief economist renews commitment for GSE reform
    During a wide-ranging discussion about the government’s role in housing, Vice President Mike Pence’s chief economist Mark Calabria revealed Wednesday that the Trump administration is "committed" to ending the conservatorship of Fannie Mae and Freddie Mac. What else did Calabria say? Click through to find out.
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  • MBA to Congress: Here’s the roadmap you need to tackle GSE reform

    60-page white paper breaks down transition process to reform
    On Sept. 6, 2008, the Federal Housing Finance Agency placed Fannie Mae and Freddie Mac into conservatorship. Nearly nine years later, the largest trade group in the mortgage finance space, the Mortgage Bankers Association, released a white paper to stay in front of the housing reform conversation and address one of the thorniest issues: how to transition to a new system.
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  • Community groups, lenders call for Fannie, Freddie to stop paying dividend to Treasury

    Will Trump administration have a different answer?
    Fannie Mae and Freddie Mac are scheduled to send their latest dividend payment to the Department of the Treasury later this month, but if a consortium of community groups and lenders has their way, that money will stay with the government-sponsored enterprises to help rebuild their dwindling capital base.
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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: 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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  • Here's one Fannie Mae bull's take on how the GSEs can exit conservatorship

    And what happens to the stock after that
    In the weeks since Steve Mnuchin sent shockwaves through the housing industry by stating that the Trump administration planned to end the conservatorship of Fannie Mae and Freddie Mac, reactions varied on whether that can actually be done and how expensive it might be. Here's an interesting take from an interested party on how the GSEs might actually exit conservatorship and what that would mean to the GSE stockholders who've waited quite a few years for a resolution.
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