Since the start of the GSEs' conservatorship nearly 14 years ago, approximately 40% of their foreclosure prevention actions have resulted in permanent loan modifications.
Read More »FHFA Provides Foreclosure, Refi, REO Updates
Since entering conservatorship in 2008, Fannie Mae and Freddie Mac to date have assisted nearly 6.5 million homeowners with foreclosure prevention actions. Here’s what the GSEs’ latest data reveals.
Read More »No Recap and Release? How About Review and Reform?
It appears GSE reform may actually be on the horizon—or at least discussed regularly in Washington—thanks to a new bill proposed by Congressman French Hill (R-Arkansas).
Read More »Both Sides of the Aisle Urging GSE Reform
Just how big of an issue are the GSEs' dwindling capital buffer and the FHFA's almost eight-year long conservatorship of Fannie Mae and Freddie Mac becoming?
Read More »Watchdog Chides FHFA for Lack of Oversight
The report from the FHFA Office of the Inspector General covered an 18-month period from early 2013 to mid-2014.
Read More »Fannie Mae, Freddie Mac Exceed Risk-Sharing Goals
The GSEs began their risk-sharing initiatives in 2013 as a way to transfer risk from taxpayers to private investors while the Enterprises remain in conservatorship of the FHFA. Since then, the GSEs have transferred a substantial portion of the credit risk for mortgages totaling hundreds of billions of dollars in unpaid principal balance (UPB).
Read More »GSE Reform: ‘Let’s Not Wait Until the Next Crisis’
Despite the hesitancy of the administration on GSE reform, the time to have a conversation about the topic is now, according to a group of analysts.
Read More »GSEs’ Expenses Are Way Up; Where Did the Money Go?
Fannie Mae and Freddie Mac returned to profitability in 2012. Since then, their net expenses have increased by more than $1 billion combined.
Read More »Was Watt’s Speech the Beginning of the End for the Conservatorship?
Last week, FHFA Director Mel Watt gave a speech at the Bipartisan Center in which he declared the GSEs' lack of capital to be their biggest risk, and that he expects that risk to escalate as the conservatorships continue. Will that risk spur the government to end the conservatorships after almost eight years?
Read More »Watt: Risks Facing FHFA are ‘Certain to Escalate’ as Conservatorships Continue
Fannie Mae and Freddie Mac are required by law to reduce their capital buffer to zero by January 1, 2018. If their losses exceed their capital buffer, they would require another draw from Treasury.
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