How much credit risk did Fannie Mae and Freddie Mac offload with their respective transactions announced this week?
Read More »Back to Basics: 4 Ways to Transform the GSEs
Andrew Davidson, President of Andrew Davidson & Co., Inc., says that the GSEs should be striped down to the functions that promote standardization, liquidity, and access to credit, and adopt the best governance structures for those functions using these four methods.
Read More »Why Will Principal Reduction Benefit So Few Borrowers?
Why is the FHFA extending its principal reduction program to only 33,000 borrowers when there are three million underwater borrowers nationwide?
Read More »Counsel’s Corner: The Battle Over GSE Profits is Raging
What is the outlook for the GSE shareholders' appeal of a lawsuit against the government over the sweep of GSE profits into Treasury that was previously dismissed in the D.C. District Court? Hamish Hume, partner with Boies, Schiller & Flexner, discusses all points of the case.
Read More »Fannie Mae Targets Non-Profits With Delinquent Pool
Housing advocates have been calling for government agencies to sell more non-performing mortgage loans to non-profits. With the announcement of Fannie Mae's latest non-performing loan (NPL) auction, they are partially getting their wish.
Read More »TRID Could Mean Trouble for GSE Risk Transfers
Per the direction of their conservator and regulator, the FHFA, Fannie Mae and Freddie Mac were instructed not to conduct loan-level reviews for technical compliance with TRID when conducting their credit-risk transfer transactions.
Read More »Protesters Turn Up the Heat on FHFA Director Watt
On March 22, Mel Watt said the FHFA would make a decision within 30 days on whether or not to offer principal reduction on mortgage loans. Some housing advocates don't want to wait that long, however.
Read More »The Long, Hard Road to GSE Reform
Many, including FHFA Director Mel Watt, have expressed concern over Fannie Mae's and Freddie Mac's lack of a capital buffer. But at this point, how likely is it that they will be recapitalized and released from the conservatorships?
Read More »Freddie Mac’s Serious Delinquency Rate Plummets Further
After a slight uptick in January, the number of delinquent loans backed by Freddie Mac resumed its downward spiral.
Read More »Fannie Mae’s Mortgage Portfolio Wind Down Continues
The aggregate unpaid principal balance of Fannie Mae's gross mortgage portfolio fell below its 2016 cap.
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