July 28, 2016
Freddie and Fannie Nightmare Scenario
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 28, 2016 in Federal Housing Finance Agency | Permalink | No Comments
July 11, 2016
Does Housing Finance Reform Still Matter?
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 11, 2016 in Federal Housing Finance Agency | Permalink | No Comments
July 8, 2016
Spreading Mortgage Credit Risk
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
July 8, 2016 in Federal Housing Finance Agency | Permalink | No Comments
June 8, 2016
What If . . . Fannie and Freddie Imploded?
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 8, 2016 in Federal Housing Finance Agency | Permalink | No Comments
June 6, 2016
What Are Mortgage Borrowers Thinking?
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
June 6, 2016 in Federal Housing Finance Agency | Permalink | No Comments
April 28, 2016
Republicans Ready for GSE Reform?
Senator Shelby (R-AL), the Chair of the Senate Committee on Banking, Housing and Urban Affairs, sent a letter to the U.S. Government Accountability Office regarding the future of Fannie Mae and Freddie Mac, sometimes known as the “enterprises.” It provides an … Continue reading
April 28, 2016 in Federal Housing Finance Agency | Permalink | No Comments
April 22, 2016
Nonbank Mortgage Servicers and the Foreclosure Crisis
The United States Government Accountability Office has issued a report, Nonbank Mortgage Servicers: Existing Regulatory Oversight Could Be Strengthened. The GAO found that The share of home mortgages serviced by nonbanks increased from approximately 6.8 percent in 2012 to approximately 24.2 … Continue reading
April 22, 2016 in Federal Housing Finance Agency | Permalink | No Comments
