October 17, 2014
The Other GSE Conservatorship Lawsuit
While there has been a lot of attention over Judge Lamberth’s ruling on the shareholders’ cases regarding Fannie and Freddie’s conservatorships, much less has been given to Judge Cooke’s dismissal of Samuels v. FHFA (No. 13-22399 S.D. Fla. ) (Sept. … Continue reading
October 17, 2014 in Federal Housing Finance Agency | Permalink | No Comments
October 14, 2014
Reiss on The FHFA’s Common Securitization Platform
I have submitted my response to the FHFA’s Request for Input on the Proposed Single Security Structure. The abstract for my response, The FHFA’s Proposed Single Security Structure, reads, The Federal Housing Finance Agency (FHFA) has posted a Request for … Continue reading
October 14, 2014 in Federal Housing Finance Agency | Permalink | No Comments
October 9, 2014
A Framework For Housing Finance
The Government Accountability Office has released Housing Finance System: A Framework for Assessing Potential Changes. The GAO writes, To help policymakers assess various proposals for changing the single-family housing finance system and consider ways in which the system could be … Continue reading
October 9, 2014 in Federal Housing Finance Agency | Permalink | No Comments
September 18, 2014
Frannie Reps and Warranties Crisis Brewing
The Inspector General of the Federal Housing Finance Agency released an audit, FHFA’s Representation and Warranty Framework. Reps and warranties are a risk-shifting device that sophisticated commercial parties use in transactions. If a party makes a representation or warranty that … Continue reading
September 18, 2014 in Federal Housing Finance Agency | Permalink | No Comments
September 15, 2014
Housing Goals and Housing Finance Reform
The Federal Housing Finance Agency issued a proposed rule that would establish housing goals for Fannie and Freddie for the next three years. The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 required that Fannie and Freddie’s regulator … Continue reading
September 15, 2014 in Federal Housing Finance Agency | Permalink | No Comments
September 12, 2014
Reiss on Housing Finance Reform
Inside MBS and ABS, the trade journal, quoted me in DeMarco Cites ‘Structural Improvements’ in Housing Six Years After GSE Conservatorship, More Needed (behind a paywall). It reads, Six years after the government takeover of Fannie Mae and Freddie Mac, … Continue reading
September 12, 2014 in Federal Housing Finance Agency | Permalink | No Comments
September 4, 2014
Hope for Housing Finance Reform?
The former Acting Director of the Federal Housing Finance Agency, Edward Demarco, has issued a short policy brief from his new perch at the Milken Institute’s Center for Financial Markets.While there is nothing that is really new in this policy … Continue reading
September 4, 2014 in Federal Housing Finance Agency | Permalink | No Comments
