Fannie and Freddie in 2019 topped the $1 trillion mark for the first time since 2013 thanks to an unexpected surge of refinance business in the second half of the year. (Includes two data charts.)
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Because it controls the senior class of stock in Fannie and Freddie, the Treasury is in the driver’s seat on recap and release. Former Freddie CEO Layton weighs the government’s options, using AIG as a blueprint.
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Judge Sweeney ruled the court did not have jurisdiction on direct claims. But she allowed the Fairholme plaintiffs to continue their derivative claims, which seek remedies for Fannie and Freddie.
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The proposed rule seeks to modify the minimum thresholds, frequency and number of scenarios required to bring the stress test rule for regulated entities in line with new rules that apply to other financial institutions.
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Barclays, the largest underwriter of GSE debt bonds, reached a settlement worth $87 million. Separately, a group of 12 financial institutions collectively agreed to pay investors $250 million to settle their claims.
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Freddie researchers tout mixed-income development; Genworth merger with China Oceanwide delayed again; Freddie CFO Mackey steps down sudden-ly; Two former FHLB Dallas executives get prison time.
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