The Office of Federal Housing Enterprise Oversight last week ordered Fannie Mae and Freddie Mac to immediately begin strictly complying with the interagency guidance on nontraditional mortgage loan products, Inside The GSEs has learned. The OFHEO directive...
Read More
Three of the top four thrift users of Federal Home Loan Bank advances saw their advances decline in the first quarter of 2007 compared to a year ago. Of those three, the biggest drop-off was seen at Washington Mutual... [Includes one chart and one graph]
Read More
Freddie Mac has been officially silent about a possible replacement for outgoing President and Chief Operating Officer Gene McQuade, the previous heir-apparent to current Chairman and CEO Dick Syron. But Chief Business Officer Patricia Cook and Chief Financial Officer...
Read More
A survey appears to be underway gauging public sentiment of Fannie Mae, its reputation, its business practices and its level of regulation, Inside The GSEs has learned. Whether the GSE itself or a third party, such as an interested trade association, is behind...
Read More
Any GSE reform bill that makes it out of the Senate Banking, Housing and Urban Affairs Committee will likely closely resemble the original version of H.R. 1427, and not the amended version that passed the full House of Representatives in May – at least when it...
Read More
Following up on a previous commitment to introduce free-standing affordable housing legislation, Rep. Barney Frank, D-MA, and a group of bipartisan colleagues have proposed the National Affordable Housing Trust Fund Act. Introduced last week, H.R. 2895 would...
Read More
Fannie Mae and Freddie Mac each saw their minimum capital requirements drop in the first quarter of the year, according to the latest GSE capitalization report issued by the Office of Federal Housing Enterprise Oversight. Fannie was 10.2 percent ahead of...
Read More
The Fannie Mae Board of Directors is proposing to award the GSE’s top executives a combined $6.5 million in common stock as part of their compensation for the company’s performance in 2005 and 2006, subject to the approval of the Office of Federal Housing...
Read More
The Government Accountability Office said late last month that it’s too soon to know what effect the Federal Housing Finance Board’s final rule on excess stock might be on the Affordable Housing Program of the Federal Home Loan Banks. “The final rule may have...
Read More
OFHEO Seeks Public Input On Adjusting GSE Loan Limits: In an unusual move, the Office of Federal Housing Enterprise Oversight is asking... OFHEO, FHFB Should Improve Performance Disclosures, GAO Says: The two agencies responsible for regulating the housing-related GSEs need to...
Read More