The enhancements may not be the changes the advocates and lawmakers were looking for, but they are still aimed at achieving the best borrower outcomes.
Read More »The New 21st Century Housing Finance System
America's housing finance system is in what some call a "dysfunctional limbo." Not only is it underperforming, but it is also outdated and in desperate need of a complete revamping among its mission, activities, products, and services.
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 »Is Government’s Defense in Fairholme Suit Valid?
The government claimed in 2012 that the GSEs were financially weak. Newly unsealed depositions may contradict this, however.
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 »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 »HUD to Utilize Housing Trust Fund Allocation
Three weeks ago, the GSEs announced their first contribution to the NHTF after more than a seven-year suspension. The contribution was not without controversy, however.
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’s Mortgage Portfolio Wind Down Continues
The aggregate unpaid principal balance of Fannie Mae's gross mortgage portfolio fell below its 2016 cap.
Read More »Proposal to Reform GSEs Aims to Circumvent Stalling Legislation
Part of the plan includes the GSEs' conservator, FHFA, amending the preferred stock purchase agreements and suspending payment of cash dividends on Treasury's senior preferred stock.
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