Items Tagged with 'Conservatorship'

ARTICLES

  • Bloomberg article targets one of Fannie and Freddie's biggest naysayers

    Josh Rosner's beef with IRS grabs some media attention
    According to Robert Schmidt, reporting for Bloomberg, vocal GSE critic Josh Rosner, who successfully runs a financial services business, is claiming financial disability is responsible for him not filing taxes accordingly. And now, Rosner wants his refund but the IRS is saying, "not so fast, loudmouth."
    Read More
  • 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."
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More