January 29, 2015

Krimminger and Calabria on Conservatorships

By David Reiss

By Michael Krimminger and Mark Calabria have shared The Conservatorships of Fannie Mae and Freddie Mac: Actions Violate HERA and Established Insolvency Principles. The paper opens, When the Federal Housing Finance Agency (“FHFA”) was appointed conservator for Fannie Mae and … Continue reading

January 23, 2015

Fannie/Freddie 2015 Scorecard

By David Reiss

The Federal Housing Finance Agency (FHFA) released its 2015 Scorecard for Fannie Mae, Freddie Mac and Common Securitization Solutions. The scorecard identifies priorities for the two companies and their joint venture, Common Securitization Solutions (CSC). The scorecard builds on the … Continue reading

January 15, 2015

GSE Conservatorship History Lesson

By David Reiss

Mark Calabria, the Director of Financial Regulation Studies at the Cato Institute, has posted a very interesting paper, The Resolution of Systemically Important Financial Institutions: Lessons from Fannie and Freddie. This is a more formal version of what he presented … Continue reading

January 8, 2015

Reiss on Drop in FHA Premium

By David Reiss

Law360 quoted me in FHA Premium Cut Sets Up Fight Over Future Of Housing (behind a paywall). It reads in part, President Barack Obama’s plan to lower premiums on Federal Housing Administration insurance has rekindled a battle with Republicans over … Continue reading

January 7, 2015

Housing Finance Reform at the AALS

By David Reiss

The Financial Institutions and Consumer Financial Services Section and the Real Estate Transactions section of the American Association of Law Schools hosted a joint program at the AALS annual meeting on The Future of the Federal Housing Finance System. I … Continue reading

December 30, 2014

Reforming Fannie & Freddie’s Multifamily Business

By David Reiss

Mark Willis & Andrew Neidhardt’s article, Reforming the National Housing Finance System: What’s at Risk for the Multifamily Rental Market if Fannie Mae and Freddie Mac Go Away?, was recently published in a special issue of the NYU Journal of … Continue reading

December 18, 2014

Life Post-Fannie, Post-Freddie

By David Reiss

The Congressional Budget Office has released a report, Transitioning to Alternative Structures for Housing Finance. This report examines various mechanisms that policymakers could use to attract more private capital to the secondary mortgage market. The report also addresses how those … Continue reading