Bank of America’s decision to buy Countrywide Financial for a relatively cheap $4 billion will make the combined entity far and away the single most dominant seller of mortgage loans to both Fannie Mae and Freddie Mac, exacerbating the... [Includes one chart]
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The Federal Home Loan Bank of San Francisco is developing a new affordable housing pilot program to facilitate modification of subprime adjustable-rate mortgages for low- and moderate-income homeowners at risk of losing their homes due to rate resets...
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In a sign that suggests the Bush administration may be getting desperate to provide more relief to the housing market, the Treasury Department privately gave Fannie Mae and Freddie Mac a scaled-back proposal last week that would set new standards for how the federal...
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The safety and soundness regulator for Fannie Mae and Freddie Mac warned of the negative consequences if the two GSEs are allowed to buy or even securitize what are known as “jumbo loans,” mortgages that exceed the current $417,000 conforming loan limit, in pricey...
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The Office of Federal Housing Enterprise Oversight has issued revised mortgage fraud policy guidance for Fannie Mae and Freddie Mac that brings the GSEs’ anti-fraud efforts more in line with the parameters of the Treasury Department’s Financial Crimes Enforcement...
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Freddie Mac’s record third-quarter losses continue to reverberate throughout the marketplace. Moody’s Investors Service recently placed Freddie’s A- Bank Financial Strength Rating on review for possible downgrade, concerned that the GSE might suffer greater...
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To better cope with the current challenging business and regulatory climate, the Federal Home Loan Banks of Boston and New York recently opted to implement the collateral management solution of Rockall Technologies, a financial services solutions company. The...
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Fannie, Freddie Market Share Of MBS Highest Since 2003... Judge May Force OFHEO To Produce Documents for Raines... Rep. Baker to Leave Congress To Run Hedge Fund Group... Fannie to Reimburse Servicers for Referrals to HOPE NOW Hotline... BofA/Countrywide Deal Will Affect FHLBanks, Too...
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