October 21, 2014

Reiss on Easing Credit

By David Reiss

Law360 quoted me in With Lessons Learned, FHFA Lets Mortgage Giants Ease Credit (behind a paywall). It reads in part, The Federal Housing Finance Agency’s plan to boost mortgage lending by allowing Fannie Mae and Freddie Mac to purchase loans … Continue reading

October 17, 2014

The Other GSE Conservatorship Lawsuit

By David Reiss

While there has been a lot of attention over Judge Lamberth’s ruling on the shareholders’ cases regarding Fannie and Freddie’s conservatorships, much less has been given to Judge Cooke’s dismissal of Samuels v. FHFA (No. 13-22399 S.D. Fla. ) (Sept. … Continue reading

October 14, 2014

Reiss on The FHFA’s Common Securitization Platform

By David Reiss

I have submitted my response to the FHFA’s Request for Input on the Proposed Single Security Structure.  The abstract for my response, The FHFA’s Proposed Single Security Structure, reads, The Federal Housing Finance Agency (FHFA) has posted a Request for … Continue reading

October 9, 2014

A Framework For Housing Finance

By David Reiss

The Government Accountability Office has released Housing Finance System: A Framework for Assessing Potential Changes. The GAO writes, To help policymakers assess various proposals for changing the single-family housing finance system and consider ways in which the system could be … Continue reading

September 18, 2014

Frannie Reps and Warranties Crisis Brewing

By David Reiss

The Inspector General of the Federal Housing Finance Agency released an audit, FHFA’s Representation and Warranty Framework. Reps and warranties are a risk-shifting device that sophisticated commercial parties use in transactions. If a party makes a representation or warranty that … Continue reading

September 15, 2014

Housing Goals and Housing Finance Reform

By David Reiss

The Federal Housing Finance Agency issued a proposed rule that would establish housing goals for Fannie and Freddie for the next three years. The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 required that Fannie and Freddie’s regulator … Continue reading

September 12, 2014

Reiss on Housing Finance Reform

By David Reiss

Inside MBS and ABS, the trade journal, quoted me in DeMarco Cites ‘Structural Improvements’ in Housing Six Years After GSE Conservatorship, More Needed (behind a paywall). It reads, Six years after the government takeover of Fannie Mae and Freddie Mac, … Continue reading