The year is young but already MBS and ABS deals are being prepped. Meanwhile, the mortgage market is waiting to see the FHFA’s capital proposal for Fannie and Freddie.
FHFA Director Mark Calabria walked back the idea of using a consent decree as part of the agency’s plan to recap and release Fannie and Freddie from conservatorship.
The appeals court ruled in part for the plaintiffs, saying that the single director structure of the Federal Housing Finance Agency violated the separation of powers principle and thus was unconstitutional.
Cowen says even if Sen. Warren loses the race she will “dominate financial policies headlines in 2020.” The Democratic caucus is set for Feb. 3 in Iowa…
Because it controls the senior class of stock in Fannie and Freddie, the Treasury is in the driver’s seat on recap and release. Former Freddie CEO Layton weighs the government’s options, using AIG as a blueprint.
Judge Sweeney ruled the court did not have jurisdiction on direct claims. But she allowed the Fairholme plaintiffs to continue their derivative claims, which seek remedies for Fannie and Freddie.