Tag Archives: GSE

Tuesday marks the eight-year anniversary of the conservatorship of Fannie Mae and Freddie Mac. Here's an in-depth look at the GSE's since the conservatorship took place.

Urban Institute gives advice on how to improve and expand the effort of Fannie Mae and Freddie Mac's risk sharing.

Under severely adverse economic conditions applied by the Dodd-Frank Stress Tests, Fannie Mae and Freddie Mac are projected to need another taxpayer-funded bailout.

Former OneWest Bank vice chairman Brian P. Brooks is joining Fannie Mae as EVP, general counsel, and corporate secretary, according to an announcement from the company.

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.

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.

Delinquency rates on recently issued U.S. residential mortgage-backed securities (RMBS) remain nearly zero after the first post-crisis transaction was completed, according to a new report issued by Fitch Ratings.

Freddie Mac released on Thursday its quarterly earnings report for the end of 2013, revealing yet another strong quarter—the ninth straight. Net income at the enterprise totaled $8.6 billion in Q4. For all of 2013, Freddie Mac reported providing liquidity for 1.6 million refinances; 515,000 home purchases; and 388,000 multifamily rental units.

In prepared remarks for the House Financial Services Committee, newly installed Fed chair Janet Yellen echoed much of what analysts have seen in recent Federal Open Market Committee (FOMC) statements, with references to a recovering (but still weakened) labor market, a slowing housing market, restrictive fiscal policy, and the usual prediction of a “moderate” expansion in the nation’s economic activity.

Almost everyone agrees that something needs to be done with the GSEs, and almost everyone recognizes that the “something” will be a complex undertaking, but we must be up to this task, we must be thoughtful about reform, avoid unintended consequences, and strike a middle ground between growing a private mortgage market and providing a government backstop.