REFinBlog

Editor: David Reiss
Brooklyn Law School

August 30, 2016

Protecting Fannie and Freddie’s Golden Future

By David Reiss

The Federal Housing Finance Agency had requested input on its Update on Implementation of the Single Security and the Common Securitization Platform. By way of background, The Federal Housing Finance Agency’s (FHFA) 2014 Strategic Plan for the Conservatorships of Fannie Mae … Continue reading

August 4, 2016

Fannie & Freddie G-Fee Equilibrium

By David Reiss

The Federal Housing Finance Agency’s Division of Housing Mission & Goals has issued its report on Fannie Mae and Freddie Mac Single-Family Guarantee Fees in 2015. Guarantee fees (also known as g-fees) are another one of those incredibly technical subjects … Continue reading

July 28, 2016

Freddie and Fannie Nightmare Scenario

By David Reiss

For a number of years, I have warned of the increased operational risk that results from leaving Fannie Mae and Freddie Mac in the limbo of their conservatorships. “Operational risk” refers to risks that a company faces from things like poor procedures, … Continue reading

July 11, 2016

Does Housing Finance Reform Still Matter?

By David Reiss

The Milken Institute’s Michael Bright and Ed DeMarco have posted a white paper, Why Housing Reform Still Matters. Bright was the principal author of the Corker-Warner Fannie/Freddie reform bill and DeMarco is the former Acting Director of the Federal Housing Finance … Continue reading

July 8, 2016

Spreading Mortgage Credit Risk

By David Reiss

The Federal Housing Finance Agency has released the Single-Family Credit Risk Transfer Progress Report. Important aspects of Fannie and Freddie’s future are described in this report. It opens, Since 2012, the Federal Housing Finance Agency (FHFA) has set as a strategic objective … Continue reading

June 8, 2016

What If . . . Fannie and Freddie Imploded?

By David Reiss

So, I was spending some quality time with the Federal Housing Finance Agency Office of the Inspector General’s most recent Semiannual Report to the Congress. The Federal Housing Finance Agency (FHFA) is the regulator of Fannie and Freddie as well … Continue reading

June 6, 2016

What Are Mortgage Borrowers Thinking?

By David Reiss

The Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) have released A Profile of 2013 Mortgage Borrowers: Statistics from the National Survey of Mortgage Originations. While sounding dull and perhaps a bit dated, this document is actually … Continue reading