Forget “portfolio caps.” Think “housing goals.” Fannie Mae and Freddie Mac may have dodged a bullet when it comes to tougher financial regulation, now that the Democrats have completed their sweep of the Senate and the House of Representatives. But the GSEs are...
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The furor over the Federal Housing Finance Board’s continued unwillingness to appoint public interest directors to the boards of the Federal Home Loan Banks keeps escalating, with retiring Sen. Paul Sarbanes, D-MD, squeezing Federal Housing Finance Board Chairman Ronald Rosenfeld to...
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The controversy over Fannie’s Mae mortgage loan customization patent isn’t letting up, perhaps revealing some underlying resentment among industry groups that are getting bolder in challenging the government-sponsored mortgage giants, according to industry...
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Seven of the top 10 sellers to Fannie Mae and Freddie Mac sent an increased percentage of their GSE business to Freddie during the first nine months of the year, most notably Lehman Brothers and Washington Mutual, according to... [Includes a one page chart]
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Freddie Mac Chairman and CEO Dick Syron will have to abandon his CEO duties sooner than planned if the GSE is to conform to new guidelines issued by the Office of Federal Housing Enterprise Oversight. Under a new Examiner Guidance on corporate governance OFHEO issued...
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Fannie Mae has spent more than $1 billion so far this year as it continues to clean up its financial reporting, according to the GSE’s latest quarterly filing with the Securities and Exchange Commission. The GSE reported “dramatically higher” administrative...
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The proposed Federal Home Loan Bank Rating System could be strengthened by providing more guidance for examiners or placing more emphasis on safety and soundness, some of the FHLBanks said. All industry commenters supported the system proposed by the...
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The Federal Home Loan Banks and their allies garnered a victory early this month when the Federal Deposit Insurance Corp. unanimously adopted a new risk-based assessment rule that dropped a proposed “volatile liabilities” ratio that would have had negative...
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Frank Raines Gets $2.6 Million In Consent Award With Fannie: Fannie Mae has entered a binding... Lockhart Sees Progress On Compromise on Portfolios: After six months as director... OFHEO Ordered to Hand Over Documents to Raines, Howard: The Office of Federal Housing Enterprise... Fannie Adds Merrill Lynch Exec As New Chief Information Officer: Fannie Mae has appointed... FHLBank of Boston Net Income Leaps 63 Percent in Third Quarter: The Federal Home Loan Bank of...
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