Don’t look now, but Fannie Mae might just catch – or even beat – Freddie Mac in cleaning up its books and putting out timely financial reports, despite Freddie’s two-year head start and speculation that Fannie’s problems were significantly worse than...
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Representatives of a few Federal Home Loan Banks are keeping open the option of pushing some favorable legislative provisions in a separate measure, should the broader GSE reform effort get bogged down again this year. They got a public boost from Geoffrey Bacino, the...
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The Bush administration is trying a new line of reasoning in its effort to rein in the huge retained portfolios of Fannie Mae and Freddie Mac. In addition to harping about systemic risk in his latest budget, the president is trying to emphasize a disconnect between...
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Brokers and yield-spread premiums took the brunt of the criticism at a hearing last week on predatory lending, but fair housing advocates, including Jesse Jackson, blamed Fannie Mae and Freddie Mac for abetting predatory practices by buying securities backed by such loans...
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Sens. Chuck Hagel, R-NE, John Sununu, R-NH, and Mel Martinez, R-FL, have taken exception to the $14.43 million paid to Fannie Mae Chief Executive Officer Daniel Mudd in 2006. Whether the Congressional concern results in hearings remains to be seen. “We are quite...
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Seven of the top 10 sellers to Fannie Mae and Freddie Mac – and 13 of the top 20 – sent an increased percentage of their GSE business to Freddie last year, according to a new analysis by Inside The GSEs. The findings are part of a... [Includes one chart]
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The continuing problems in the subprime marketplace have some industry insiders looking to Fannie Mae and Freddie Mac to step in and provide some much-needed stability, but not all believe it will happen. The two GSEs “have had leadership positions in the...
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As Fannie Mae and Freddie Mac approach a deadline for delivering a report to their regulator on how they will respond to the recent federal guidance on nontraditional mortgage products, the Mortgage Bankers Association is encouraging the GSEs to adopt more disclosure...
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The Office of Federal Housing Enterprise Oversight and the legal camp of former Fannie Mae Chief Executive Officer Franklin Raines each claimed a victory recently in their long-running battle over documents and hearings. OFHEO is seeking at least...
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The administrators of the Federal Home Loan Bank Mortgage Partnership Finance program have struck a new partnership with the USDA Rural Development program in an effort to cast a wider net and generate more volume. But given the relatively small level of...
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WaMu Says it Won’t Abandon FHLB Financing: Washington Mutual recently downplayed speculation... OFHEO Shortchanged In Fiscal Year 07 Budget: An apparent glitch in Congress’ appropriations... OFHEO, Mortgage Industry Discuss Higher Limits in High-Cost Areas: Officials from the Office of... Cincinnati FHLBank Reports Record Earnings of $253 Million: The Federal Home Loan Bank of...
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