October 22, 2013
Private Capital and the Mortgage Markets
The American Securitization Forum recently wrote to the Federal Housing Finance Agency to argue for at least a small reduction in the size of the loans that Fannie and Freddie can guaranty. While this makes sense to me, it is … Continue reading
October 22, 2013 in Federal Housing Finance Agency | Permalink | No Comments
October 15, 2013
Mortgage Reform Schooling on 30 Year Term
S&P has posted U.S. Mortgage Finance Reform Efforts and the Potential Credit Implications to school us on the current state of affairs in Congress. It provides a useful lesson on three major mortgage reform bills introduced in Congress this year. … Continue reading
October 15, 2013 in Federal Housing Finance Agency | Permalink | No Comments
October 7, 2013
Post-Bubble Foreclosure-Prevention and -Mitigation Options in Your Town?
Bob Hockett has posted Post-Bubble Foreclosure-Prevention and -Mitigation Options in Seattle. I recommend it to those interested in issues beyond Seattle’s borders because it actually covers foreclosure-prevention and mitigation options across the country, although it looks at them with a … Continue reading
October 7, 2013 in Federal Housing Finance Agency | Permalink | No Comments
September 19, 2013
Reiss on Fannie/Freddie Loan Limits
Law360 quoted me in Time May Not Be Right To Limit Fannie, Freddie Loans (behind a paywall). It reads in part, The Federal Housing Finance Agency has proposed lowering the maximum size of the loans Fannie Mae and Freddie Mac … Continue reading
September 19, 2013 in Federal Housing Finance Agency | Permalink | No Comments
September 11, 2013
Reiss on the Future of Fannie and Freddie
I will be speaking at NYU Law next week on The Future of Fannie and Freddie Friday, September 20, 2013 9:00 am – 5:00pm Reception to follow Greenberg Lounge, NYU School of Law 40 Washington Square South New York, NY … Continue reading
September 11, 2013 in Federal Housing Finance Agency | Permalink | No Comments
September 3, 2013
Fannie and Freddie’s Unreported Billions of Losses
The Federal Housing Finance Agency’s Inspector General has warned FHFA Acting Director DeMarco that the FHFA has allowed Fannie and Freddie to defer acknowledgment of billions of dollars of losses relating to seriously delinquent singe-family residential mortgage loans for far … Continue reading
September 3, 2013 in Federal Housing Finance Agency | Permalink | No Comments
August 30, 2013
If QRM = QM, then FICO+CLTV > DTI ?@#?!?
The long awaited Proposed Rule that addresses the definition of Qualified Residential Mortgages has finally been released, with comments due by October 30th. The Proposed Rule’s preferred definition of a QRM is the same as a Qualified Mortgage. There is … Continue reading
August 30, 2013 in Federal Housing Finance Agency | Permalink | No Comments
