Items Tagged with 'Federal Housing Finance Agency'

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  • Trump administration reportedly souring on sweeping Fannie, Freddie reform prior to 2020 election

    Bloomberg: Trump admin is concerned about political fallout of GSE reform
    Despite momentum towards actually ending the conservatorship of Fannie Mae and Freddie Mac seemingly growing by the day, the Trump administration is reportedly concerned about the impact of widespread housing finance reform in advance of the 2020 election. And because of that concern, the administration may be considering holding off on significant reforms to the GSEs for at least another 18 months.
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  • FHFA Special Advisor Bob Ryan stepping down this week

    Obama-era appointee leaving agency by July 12
    Bob Ryan, who has served as special advisor to the Office of the Director of the Federal Housing Finance Agency for more than five years, is stepping down this week, the agency announced recently. According to the FHFA, Ryan is set to leave the agency by July 12.
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  • FHFA: American home price growth crawls forward in April

    Home price appreciation rises only 0.4% from the previous month
    Home prices crawled forward in April, rising only 0.4% from the previous month but up 5.2% from 2018, according to the latest monthly House Price Index from the Federal Housing Finance Agency. The report explains that across the nine census divisions, the Mountain Division once again experienced the strongest appreciation growth.
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  • Moody's: Increased competition for Fannie, Freddie would be a credit negative

    Rates credit impact of Calabria's suggestions for GSE reform
    Last week, FHFA Director Mark Calabria outlined his GSE reform wish list for lawmakers in his first annual Report to Congress since taking the helm at the agency. In it, he urged Congress to take steps to increase competition for Fannie Mae and Freddie Mac. But Moody’s Investors Service says that move would amount to a credit negative for both agencies, although Calabria's other ideas are not so bad.
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  • Calabria to Congress: Fannie, Freddie reform is urgent, critical and overdue

    FHFA director's report to Congress makes pleading case to end GSE conservatorship
    FHFA Director Mark Calabria stressed the need to remove the GSEs from conservatorship to lawmakers, outlining the reforms he views as necessary in his first annual Report to Congress since taking the helm at the agency. Here’s what he wants Congress to do to "support sustainable homeownership."
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  • Fannie, Freddie IPOs at least 3 years away, Raymond James analysts say

    "Preparatory steps" include rebuilding $200 billion to $250 billion in capital
    While the new head of the Federal Housing Finance Agency said last month he's considering an initial public offering of Fannie Mae and Freddie Mac as early as the first half of next year, Raymond James analysts are saying it's not likely to happen for three or four years. There's a long list of preparatory steps, and presidential politics could also play a role, according to the report.
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  • Calabria calls on cities to deregulate to spur more home building

    FHFA Director: The most burdensome regulations come from local governments
    There are many factors leading to the slowing pace of home building, but one big reason is local regulations and the costs associated with them, at least according to home builders. And now, builders have a substantial new ally in their fight against local regulations, as FHFA Director Mark Calabria said Monday that municipalities need to begin cutting regulations in order to generate more home building.
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  • FHFA merges GSE issuance to common security in bid to cut housing costs for millions

    Fannie, Freddie officially move to Uniform MBS
    As of Monday, Freddie Mac and Fannie Mae mortgage-backed securities will be issued under a common security – the Uniform MBS – in a move some have called the biggest change to the MBS market in a generation. FHFA called the implementation of UMBS "momentous" and said it will cut costs for American homebuyers, but what is it, and what exactly will it mean for the U.S. mortgage market?
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  • WSJ: Trump administration set to release plan on Fannie, Freddie privatization

    Finalizing proposal that would improve GSEs' footing, then set them free
    The Treasury Department is preparing to release a plan detailing the privatization of Fannie Mae and Freddie Mac, inside sources told The Wall Street Journal Thursday. The plan is being finalized now and promotes a "recap and release" strategy that would put the GSEs on more solid footing and then release them from government control.
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