Tag Archives: Federal Home Loan Banks

The Federal Housing Finance Agency (FHFA) issued its third report to Congress Monday, detailing the regulator's 2010 annual examinations of Fannie Mae and Freddie Mac. The GSEs' losses last year totaled $28 billion, versus $94 billion in 2009. The amount of taxpayer support needed by the two mortgage giants also narrowed, but FHFA says both Fannie and Freddie remain ""critical supervisory concerns,"" primarily because of continuing credit losses from loans originated during 2005 through 2007.

The Federal Housing Finance Agency (FHFA) is restructuring its safety and soundness and mission offices this week, including establishing an integrated supervision structure and a revamped housing mission and policy division. The agency says changes in the supervision program structure will promote greater uniformity and consistency in the examinations of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.

The Federal Housing Finance Agency (FHFA) has sided with consumer advocacy groups that say private transfer fee covenants, also referred to as Wall Street home resale fees, place a hidden financial burden on homebuyers and home sellers. FHFA sent a proposed rule to the Federal Register this week, which would limit Fannie Mae, Freddie Mac, and the Federal Home Loan Banks from dealing in mortgages on properties the federal agency describes as ""encumbered"" by certain types of private transfer fee covenants.