It seems increasingly likely to some well-seasoned observers that the drive by some legislators, policymakers and industry representatives to let Fannie and Freddie buy or securitize jumbo loans will pre-empt efforts to enact more comprehensive regulatory...
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Member institutions may find themselves subject to more scrutiny by the Federal Home Loan Banks in the near future. The time has come for the Federal Housing Finance Board to look more closely at the issue of predatory lending and ensure that the Banks aren’t doing...
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On two key levels – new business and mortgage-backed securities issuance – Fannie Mae and Freddie Mac continued to gain from the bloodletting that’s occurring in the mortgage marketplace, even though both GSEs shrank their retained portfolios a bit, while MBS...
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Now that his long-shot presidential bid is over, Sen. Chris Dodd, D-CT, chairman of the Senate Banking, Housing and Urban Affairs Committee, plans to hold his first long-awaited hearing on GSE reform Thursday morning. “Dodd has been a long-time proponent of...
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One Wall Street analyst projects that Fannie Mae and Freddie Mac combined might record as much as a $16 billion hit because of subprime losses when they release their fourth quarter and full-year 2007 financial results at the end of the month...
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Freddie Mac is denying charges by Ohio Attorney General Marc Dann that the company “secretly and intentionally participated in one of the largest housing investment deceptions in modern U.S. economic times,” allegations contained in a class-action lawsuit...
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You know tough times have truly hit the mortgage marketplace when a mortgage finance chief has to take a pay cut. Fannie Mae President and CEO Dan Mudd took a $2 million hit to his overall total compensation for 2007 – but it’s nowhere near as big as the drop in...
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The longer the global credit crunch puts the squeeze on the members of the Federal Home Loan Banks, the better it is for FHLB debt issuance and advances, and the more relevance the Banks have for those members. The latest data from the FHLB Office of Finance...
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Bush Asks for $66.6 Million For OFHEO, Up $600,000: President Bush’s $3.1 trillion budget request for... Is OFHEO Blocking Cuomo Probe of GSEs?: The jurisdictional squabbling between the Office of... GSEs Work to Make Borrowers Aware of Options: Officials at Fannie Mae and Freddie Mac are...
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