A showdown over GSE reform legislation is looming, now that Congressional allies of Fannie Mae and Freddie Mac have succeeded in adding language that would keep the new GSE regulator from officially taking the concept of “systemic risk” into consideration...
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The Federal Home Loan Bank of Chicago continues to struggle, laying off staff and straining to get public interest director positions filled as net income plummets and the Federal Housing Finance Board steps up its scrutiny. In a 10-Q filed May 11 with the Securities...
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Fannie Mae spent a record $10.16 million last year to influence the hands that hold the levers of power in the nation’s capital, while Freddie Mac contributed significantly less, making combined GSE lobbying expenditures drop for the third year in a row. The two...
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Some of the biggest sellers to Fannie Mae and Freddie Mac shifted their business from one to the other in the first quarter of 2007, although they are not all moving in the same direction. Meanwhile, Countrywide continues to dramatically outpace... [Includes one chart]
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Fannie Mae, Freddie Mac and the Federal Home Loan Banks took a few unexpected shots of criticism for the subprime market’s problems at a May 8 hearing of the House Financial Services Committee’s Subcommittee on Financial Institutions and Consumer Credit. The...
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Freddie Mac’s well-publicized promise to purchase $20 billion worth of subprime products isn’t going to pull its holdings too far down the credit spectrum, according to top officials at the GSE. “Last month, we announced that we will purchase up to $20 billion in...
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U.S. Judge Richard Leon has dismissed all claims against Goldman Sachs, releasing the global investment banking firm from a securities-related class action stemming from the accounting scandal at Fannie Mae. Goldman Sachs was added as a defendant last year in...
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Freddie Mac Chairman and CEO Dick Syron did not garner a 71 percent raise for his performance in 2006, as was previously reported by Inside The GSEs, according to a top official at the GSE. While the 2006 figures were correctly reported from Freddie’s latest proxy...
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Recently introduced legislation would permit the 12 Federal Home Loan Banks to issue standby letters of credit for tax-exempt bonds, enabling them to provide additional credit to bolster tax-exempt economic development bond transactions. H.R. 2091, which is...
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Atlanta FHLBank Gets New Mortgage Program Approved: While the flagging... Obama Calls for Creation of Affordable Housing Trust Fund: Presidential candidate... Ex-FBI Director Freeh Joins Fannie Mae Board: Former Federal Bureau of Investigation Director... Freddie Tops ‘Post 200’ While Fannie is Unranked: In the Washington, D.C., area...
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