March 31, 2015

The Rescue of Fannie and Freddie

By David Reiss

Federal Reserve researchers, W. Scott Frame, Andreas Fuster, Joseph Tracy and James Vickery, have posted a staff report, The Rescue of Fannie Mae and Freddie Mac. The abstract reads, We describe and evaluate the measures taken by the U.S. government to … Continue reading

March 27, 2015

Friday’s Government Reports Roundup

By Shea Cunningham

CFPB releases report of KPMG audit of its operations and budget. In the report, CFPB agrees with KPMG’s findings about control deficiencies and is aiming to fix such deficiencies. FHFA releases report on progress of Fannie/Freddie Conservatorships in advancing access … Continue reading

March 25, 2015

Frannie Conservatorships: What A Long, Strange Trip It’s Been

By David Reiss

The Federal Housing Finance Agency Office of Inspector General has posted a White Paper, FHFA’s Conservatorships of Fannie Mae and Freddie Mac: A Long and Complicated Journey. This White Paper on conservatorships updates a first one that OIG published in … Continue reading

March 24, 2015

Transferring Risk from Fannie & Freddie

By David Reiss

The Federal Housing Finance Agency has posted its FHFA Progress Report on the Implementation of FHFA’s Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac. As its name suggests, it provides a progress report on a range of … Continue reading

March 23, 2015

Another Fannie/Freddie Bailout?

By David Reiss

The Federal Housing Finance Agency Office of the Inspector General has issued a White Paper Report, The Continued Profitability of Fannie Mae and Freddie Mac Is Not Assured. The Executive Summary opens, Fannie Mae and Freddie Mac (collectively, the Enterprises) … Continue reading

February 20, 2015

Friday’s Government Report Roundup

By Shea Cunningham

CRS Report, ‘Community Development Financial Institutions (CDFI): Programs and Policy Issues’, by Sean Lowry. (Need Bloomberg BNA Subscription) Consumers’ mortgage shopping experience, by CFPB. HUD Subsidized More Than 106,000 Noncompliant Households. (Discussing HUD’s large-scale failure in oversight of requirement that … Continue reading

February 9, 2015

Reiss on $191B for Fannie & Freddie

By David Reiss

GlobeSt.com quoted me in About that $191B Profit from the GSEs. It opens, Last week when the White House released its budget for fiscal year 2016, it included one eyebrow-raising line item: it assumed that Fannie Mae and Freddie Mac … Continue reading