April 19, 2016
Principal-ed Forgiveness
The Federal Housing Finance Agency announced a new program to implement principal reduction for seriously delinquent, underwater homeowners who meet the following criteria: Are owner-occupants. Are at least 90 days delinquent as of March 1, 2016. Have an unpaid principal balance … Continue reading
April 19, 2016 in Federal Housing Finance Agency | Permalink | No Comments
March 30, 2016
Road to GSE Reform
A bevy of housing finance big shots have issued a white paper, A More Promising Road to GSE Reform. The main objective of the proposal is to migrate those components of today’s system that work well into a system that is … Continue reading
March 30, 2016 in Federal Housing Finance Agency | Permalink | No Comments
March 18, 2016
Fannie & Freddie’s Duty to Serve
The Federal Housing Finance Agency had issued a request for comments on a proposed rulemaking back in December about Enterprise Duty to Serve Underserved Markets. Comments were due yesterday. I drafted a short comment letter on one of the many topics … Continue reading
March 18, 2016 in Federal Housing Finance Agency | Permalink | No Comments
February 8, 2016
GSE Reform, by Stealth?
The Urban Institute’s Housing Finance Policy Center has issued its January 2016 Housing Finance at a Glance Chartbook. It opens by noting, The FHFA recently released its 2016 Scorecard for Fannie Mae and Freddie Mac with updated guidance for credit risk transfer … Continue reading
February 8, 2016 in Federal Housing Finance Agency | Permalink | No Comments
January 5, 2016
The Duty to Serve Underserved Markets
The Federal Housing Finance Agency has issued a Notice of Proposed Rulemaking and Request for Comments regarding Enterprise Duty to Serve Underserved Markets. The “Enterprises” are Fannie and Freddie and this duty to serve is a highly contested one, with … Continue reading
January 5, 2016 in Federal Housing Finance Agency | Permalink | No Comments
December 23, 2015
Fannie/Freddie 2016 Scorecard
The Federal Housing Finance Agency has posted the 2016 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions. The FHFA assesses the three entities using the following criteria, among others: The extent to which each Enterprise conducts initiatives in a safe and … Continue reading
December 23, 2015 in Federal Housing Finance Agency | Permalink | No Comments
November 13, 2015
Fannie, Freddie & The Affordable Housing Feint
Robert J. Shapiro and Elaine C. Kamarck have posted A Strategy to Promote Affordable Housing for All Americans By Recapitalizing Fannie Mae and Freddie Mac. While it presents as a plan to fund affordable housing, … Continue reading
November 13, 2015 in Federal Housing Finance Agency | Permalink | No Comments
