Economists at the National Association of Realtors prefer a public utility model for the GSEs; FHFA director touts the multi-guarantor approach. The trade group uses an appearance by Calabria as an opportunity to highlight the differences.
The new FHFA director tells Realtors what he will and won’t do for GSE reform. The keys: more capital, more competition, more transparency. The problem: The agency can’t do it all on its own.
The agency has begun to assemble the team that is supposed to deliver on the new director's plans for housing-finance reform. So far, the industry is impressed.
The Urban Institute says mortgage servicing compensation has been largely overlooked in the debate over housing-finance reform even though it plays a critical role.
Moody's and Fitch say there is a possibility that Fannie's and Freddie's ratings could be downgraded if government support for the two mortgage giants is reduced through housing-finance reform.
There was a lot of kumbaya among industry experts last week during the Senate Committee on Banking, Housing, and Urban Affairs’ two days of hearings on the housing-finance reform outlined last month by panel Chairman Mike Crapo, R-ID.
Last week, Joseph Otting, the then-acting director of the Federal Housing Finance Agency, set the GSE rumor mills churning when he told an audience at George Mason University Law School that the agency would finish work this summer on the final capital rule for Fannie Mae and Freddie Mac.
Democrats have begun to respond to last week’s Trump administration memorandum, which directed the Secretary of the Treasury to coordinate with the Federal Housing Finance Agency and other executive branch departments to develop a plan to end the conservatorships of Fannie Mae and Freddie Mac.
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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