The increasing attention being paid to temporarily easing the portfolio limits on Fannie Mae and Freddie Mac and permitting them to purchase jumbo mortgages, if only for a limited period of time, is another indication that Fannie and Freddie are still calling...
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As the housing market continues to suffer from what some call its worst slump since the Great Depression, mortgage lenders are ratcheting up their efforts to influence the shape and function of the Federal Home Loan Bank System. Last week, the Independent...
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Fannie Mae and Freddie Mac experienced some big shifts during the third quarter in the amount of loan business delivered by some of their biggest lender customers, which continue to play the GSEs off against each other. Meanwhile, Countrywide... [Includes one chart]
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The Office of Federal Housing Enterprise Oversight wants to hold former Freddie Mac Chairman and CEO Leland Brendsel accountable for more than $1 billion in expenses the GSE incurred as a result of the massive financial restatement and remediation that followed an...
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The Securities and Exchange Commission last week began distributing more than $356 million to investors harmed by the financial fraud that occurred at Fannie Mae from 1998 to 2004. The scandal drove the GSE’s leadership from the executive suite and forced a massive...
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The Office of Federal Housing Enterprise Oversight is proposing to revise the risk-based capital formulas for Fannie Mae and Freddie Mac to raise the requirement slightly, but the change would be unlikely to result in any increase in the capital positions of the...
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Fannie Mae and Freddie Mac could be on the hook for close to $1 billion a year in levies to support affordable housing, under legislation the House of Representatives passed earlier this month.H.R. 2895, the National Housing Trust Fund Act of 2007, aims to...
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The Council of Federal Home Loan Banks joined 11 other trade groups recently in opposing legislation pending in the House of Representatives that would allow bankruptcy judges to modify the terms of a mortgage in a Chapter 13 proceeding. They fear it could...
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The Federal Housing Finance Board and the Federal Home Loan Bank of Chicago formally entered into a cease-and-desist order, effective Oct. 10. The order, announced in draft form a few weeks ago, restricts the Bank’s repurchases and redemptions of its...
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Finance Board Makes More Key Appointments: The Federal Finance Housing Board recently appointed... Industry Welcomes OFHEO Decision on GSE Loan Limit: The mortgage finance industry welcomed last... Fannie Mae, ICBA Renew Mortgage Services Partnership: The Independent Community Bankers of... The Administration Insists On Comprehensive GSE Reform: David Nason, Treasury Assistant Secretary...
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