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Tag Archives: Fannie Mae

Winter, Affordability Hampers Fannie Mae Growth

In its latest economic forecast, released Wednesday, Fannie Mae reported that housing remains the weakest link in the national economy. Through the first three months of 2014, existing-home sales, new single-family home sales, single-family housing starts, and multifamily housing starts all declined year-over-year.

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Audit of Common Securitization Platform Finds Organizational Problems

The Federal Housing Finance Agency Office of the Inspector General (FHFAOIG) released its latest update on the status of the development of the Common Securitization Platform (CSP). In a recent speech, FHFA director Mel Watt said the continued development of the Common Securitization Platform is one of the most important goals for Fannie Mae and Freddie Mac going forward.

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Johnson-Crapo Bill Clears Senate Banking Committee

Despite some recent kickback from Senate Democrats, the Johnson-Crapo reform bill that plans to phase out Fannie Mae and Freddie Mac passed the Senate Banking Committee by a bipartisan vote of 13-9. The legislation is an agreement between Chairman Tim Johnson (D-South Dakota) and Ranking Member Mike Crapo (R-Idaho) "designed to stabilize the housing finance market and strengthen the American economy," the committee said in a press release.

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FHFA Reports Fannie and Freddie Foreclosure Prevention Activity

The Federal Housing Finance Agency (FHFA) has been busy. After a recent Mel Watt speech as well as a plan for the future of Fannie Mae and Freddie Mac, the government agency released its Foreclosure Prevention Report for February 2014. The report contains data regarding the foreclosure prevention activity of the GSEs as of the end of February.

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FHFA Adopts New Plan Under Director Watt; Won’t Reduce GSE Market Share

In a speaking engagement at the Brookings Institution, Federal Housing Finance Agency (FHFA) Director Melvin L. Watt spoke about his new 2014 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac, highlighting a few major changes to the plan. Notably Watt’s plan removes any intention to reduce the GSEs' presence in the market, a central part of former Acting Director Edward DeMarco's strategic plan.

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FHFA Announces Future Plans for Fannie Mae and Freddie Mac

The Federal Housing Finance Agency (FHFA) released its strategic plan for the conservatorships of Fannie Mae and Freddie Mac. In its report, the FHFA focused on three tenets going forward for the GSEs: maintain foreclosure prevention activities, reduce taxpayer risk, and build a new, single-family securitization infrastructure.

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GSE Quarterly Report Card Positive

The Federal Housing Finance Agency (FHFA) released its Quarterly Performance Report of Fannie Mae, Freddie Mac, as well as the Federal Home Loan Bank System. Overall, the performance report was good, noting increases in Fannie and Freddie earnings, as well as substantial advances by the Federal Home Loan Bank System.

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Fannie/Freddie Reform Bill Stalls in Senate

A recently unveiled plan to phase out Fannie Mae and Freddie Mac and overhaul the secondary mortgage market may have hit a snag in the Senate. Six key senators reportedly decided not to give their support to the bill unless they’re able to make major changes during markup.

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Fannie and Freddie Report Profitable First Quarter

Releasing their earnings reports simultaneously, Fannie and Freddie reported first-quarter profits of $5.3 billion and $4.0 billion, respectively—a major step back from incomes reported last year but still a fair amount for what was a slow period for the housing market. Both enterprises have reported profits each quarter for more than two years straight.

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