It looks like House Republicans are going to get the jump on the White House in introducing housing finance reform legislation that addresses the fate of Fannie Mae and Freddie Mac. Rep. Jeb Hensarling, R-TX, vice chairman of the House Financial Services Committee, is poised to re-introduce a...
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The Federal Home Loan Banks generally fly below federal policymakers’ radar; they like it that way, and they want to keep it that way. Privately, most hope they’ll be let out of whatever happens to the other housing GSEs, Fannie Mae and Freddie Mac, if and when enough of a...
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California remained the biggest source of new single-family mortgages for Fannie Mae and Freddie Mac during 2010, according to a new special report, GSE Market Profile: 2010, from Inside Mortgage Finance Publications. A total of $223.7 billion of home loans on California properties were securitized by the two GSEs, accounting for... [Includes one data chart]
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Lawmakers got right back to introducing bills related to Fannie Mae and Freddie Mac, one of which calls for more GSE conservatorship reporting and another that would advance the creation of a 40-year GSE refinance mortgage. Early this month, Rep. Judy Biggert, R-IL, introduced...
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The U.S. taxpayer is not only stuck with the $153.00 billion hospital bill for keeping Fannie Mae and Freddie Mac alive, they’ve also paid hundreds of millions of dollars to fund the legal defense of former executives at the companies, including those accused of driving the GSEs into the very activities that...
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Rate reductions are helping Fannie Mae modified mortgages outperform those modified by Freddie Mac, which is relying more on term extensions, according to the third quarter Mortgage Metrics Report issued by the Office of the Comptroller of the Currency and the Office of Thrift Supervision. Fannie loan mods had a...
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Fannie Mae and Freddie Mac struck out in their bid to be excluded from some of the disclosure provisions of the Securities and Exchange Commission’s final rule on representations and warranties. Neither GSE would comment on the commission’s final rule. But in a joint letter they sent during the public comment period, Fannie and Freddie said they believed...
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In a move intended to increase member business, and ultimately Bank earnings, the Federal Home Loan Bank of Boston has amended its capital plan to allow members greater flexibility in satisfying their activity-based stock investment requirements. As part of their membership with the Bank, each member must...
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FHFA Makes Annual Change to CFI Average Total Asset Cap The Federal Housing Finance Agency upwardly tweaked the cap on average total assets that defines a "Community Financial Institution" to match the annual percentage increase in the Department of Labor's Consumer Price Index for all urban consumers, otherwise known as...
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