Tag Archives: Freddie Mac

Freddie Mac's Multi-Indicator Market Index shows a slowly but surely stabilizing housing market overall nationwide. But one economist says many areas of the country are still struggling to return to their long-term benchmark normal levels.

The disputes involve the FHFA requiring financial institutions to repurchase faulty mortgage loans they sold to Fannie Mae and Freddie Mac in the years leading up to the financial crisis.

While delaying foreclosure on a home does have some potential benefits, for the most part it is counterproductive.

Freddie Mac's latest Structured Agency Credit Risk offering is the Enterprise’s eighth of the year and 17th overall since the program launched in 2013.

The housing crisis resulted in heightened regulatory oversight by various government agencies, including the CFPB. How has the increased oversight changed the landscape of mortgage servicing?

Is the FHFA's conservatorship of Fannie Mae and Freddie Mac weighing down homeownership?

Mel Watt, an Obama appointee who could now be at odds with the Obama Administration if the Vitter-Warren bill gets signed by the President, said in a statement in July that the purpose of the pay raises was to "promote CEO retention, allow reliable succession planning, and ensure the continuity, efficiency and stability" at Fannie Mae and Freddie Mac.

Menendez, Ranking Member of the Senate Subcommittee on Housing, Transportation, and Community Development, cited preliminary findings in the FHFA’s annual housing report. The Senator noted that Freddie Mac had failed to meet its single-family low- and very low-income home purchase goals last year and asked Watt what the agency is going to do to make corrections in these two areas.

The amendment to H.R. 2577, known as the Jumpstart GSE Reform Act, was introduced by Corker, Warner, Senator Elizabeth Warren (D-Massachusetts), and Senator David Vitter (R-Louisiana) in September and offered on Thursday by Corker and Warner as an amendment to H.R. 2577. The Jumpstart GSE Reform Act prohibits the sale of Treasury-owned preferred shares in Fannie Mae and Freddie Mac without approval from Congress, and also prohibits increases in guarantee fees charged by the GSEs from offsetting non-housing related government spending.

The GSEs’ exposure to credit risk from mortgages originated during the years of the housing bubble continues to be “significant but declining,” according to the FHFA’s Performance and Accountability Report for Fiscal Year 2015. But in addition to experiencing a decline in exposure to credit risk, the GSEs have also experienced significantly declining revenues.