Items Tagged with 'GSEs'

ARTICLES

  • Housing finance reform’s gridlock problem: Affordable housing

    What is standing in the way of reform?
    [Expert commentary] Housing finance reform remains the single largest piece of unfinished business of the housing crisis. And the single biggest factor standing in the way of that business is getting agreement on how to ensure that the GSEs serve all Americans, not just the wealthy.
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  • Court of Appeals declares FHFA structure unconstitutional

    Majority opinion finds GSE regulator violates separation of powers
    For the third time in recent memory, a government agency borne out of the housing crisis has been declared unconstitutional by a federal court. The first two times it was the Consumer Financial Protection Bureau. But now, it’s the Federal Housing Finance Agency that has been found to be operating in violation of the Constitution.
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  • 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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  • 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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  • FHFA proposes new rules on Fannie, Freddie capital requirements

    Agency now seeking public comment
    After placing the government-sponsored enterprises into conservatorship in September 2008, the FHFA suspended regulatory capital requirements. Now, it is proposing new rules for Fannie Mae and Freddie Mac's capital requirements, but the rules wouldn't go into effect until the GSEs are out of conservatorship. Here’s what the FHFA is proposing.
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  • Cloudvirga partners with Freddie Mac to provide one-click dual AUS submissions

    Industry's first single-click, dual-AUS submission of loan data
    Digital mortgage point-of-sale software provider Cloudvirga announced Thursday it has launched single-click submission of loan data to both GSEs’ automated underwriting systems in a new collaboration with Freddie Mac. “We’re empowering loan officers and back-office teams with data and augmented intelligence and making it effortless to deliver the best possible borrower experience while maximizing loan performance in the secondary market,” Cloudvirga Co-founder Kyle Kamrooz said.
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  • FHFA: Here are 10 things the GSEs did to improve access to credit in 2017

    Agency releases annual scorecard on Fannie, Freddie
    The Federal Housing Finance Agency released its annual progress report summarizing the activities of the GSEs in 2017. Objectives in the 2017 scorecard required the enterprises to continue to assess opportunities to address credit access and develop recommendations for improvement, improve the effectiveness of pre-purchase counseling and homeownership education. Here’s what they did.
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  • Freddie Mac reports $3.3 billion loss in Q4

    Will request draw from Treasury to cover loss
    Freddie Mac, while reporting a profit for the full year in 2017, posted a more than $3 billion loss in the fourth quarter. The fourth quarter’s net income posted a loss of $2.9 billion, and comprehensive income showed a loss of $3.3 billion. Here’s why, and what happens next.
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