Still, Rep. Maxine Waters (D-CA), chair of the House Financial Services Committee, urged the Federal Housing Finance Agency to kill the LLPA outright.
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As funding sources dried up late in the first quarter, members sharply increased their FHLB advances. But when financial markets stabilized in the second quarter, these short-term loans weren’t replaced. (Includes two data charts.)
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Models using the most likely assumptions about retained earnings, capital requirements and expected returns suggest the GSEs would have unsuccessful public offerings.
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The FHFA, which serves as the regulator and conservator of the GSEs, lacks the authority to supervise Fannie’s and Freddie’s third-party cloud service providers.
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After the comment period on the re-proposed GSE capital rule closes, the FHFA will hold “listening sessions” allowing stakeholders to elaborate on their comments.
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Although about 20% of borrowers surveyed said they faced “imminent financial distress,” most did not know there are programs and policies designed to keep them in their homes during the pandemic.
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Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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