In accordance with the Housing and Economic Recovery Act of 2008, the Federal Housing Finance Agency (FHFA) announced on August 29 that it has proposed a rule to establish new housing goals for 2015 through 2017 for Fannie Mae and Freddie Mac.
Read More »Report: Freddie Mac, Ginnie Mae Ignored ‘Red Flags’ in Fraud Case
A report filed last week by the Office of Inspector General of the Federal Housing Finance Agency (FHFA) states that GSEs Freddie Mac and Ginnie Mae ignored "red flags" with regards to a mortgage fraud scheme perpetrated by lenders Taylor, Bean, and Whitaker and Colonial Bank, which resulted in billions of dollars in losses for the GSEs.
Read More »Goldman Sachs, FHFA Agree to Multi-Billion Settlement in RMBS Suit
The Federal Housing Finance Agency (FHFA) and New York-based investment banking firm Goldman Sachs have settled a lawsuit alleging that Goldman Sachs sold faulty residential mortgage-backed securities (RMBS) to GSEs Fannie Mae and Freddie Mac, for which FHFA is conservator.
Read More »Investors File Second GSE Profits Lawsuit
For the second time in as many days, New York-based hedge fund Pershing Square Capital Management sued the U.S. government over the handling of Fannie Mae and Freddie Mac profits.
Read More »Overall Economic Outlook Positive, But Housing Loses Momentum
A second quarter rebound combined with an upward revision for first quarter economic activity has given a boost to 2014 full-year economic expectations, according to the August 2014 Economic Outlook put together by Fannie Mae's Economic and Strategic Research Group.
Read More »Investors Sue Federal Government Over GSE Profits
New York-based hedge fund giant Pershing Square Capital Management sued the U.S. government on August 14, alleging that common stockholders in Fannie Mae and Freddie Mac have been short changed since the government began sweeping profits from the GSEs into the U.S. Department of Treasury starting in 2012.
Read More »QM Rules Cause Lenders to Expect Tougher Environment
While regulatory guidelines introduced this year have had little effect on lenders' strategies so far, most still anticipate a tougher operating environment ahead, according to an analysis of responses in a recent Fannie Mae survey.
Read More »GSE Reform Not Expected In the Near Term
The Kroll Bond Rating Agency recently released a study saying it does not believe there will not be any GSE reform for the housing finance market until at least 2016 and that lenders and investors should operate as if they do not expect such reform to happen for many years.
Read More »FHFA Requests Input on Proposed Single Security Structure
In the first step of what is planned to be a multi-year effort, the Federal Housing Finance Agency(FHFA) has put out a request for industry input on the development of a common mortgage-backed security (MBS) designed to be issued and guaranteed by Fannie Mae or Freddie Mac.
Read More »Fannie Mae and Freddie Mac Post Q2 Earnings
The U.S. government is set to see another $5.6 billion from Fannie Mae and Freddie Mac as both GSEs continue to post solid earnings.
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