August 16, 2013
New Mortgage Rule Said to be Proposed at End of August
U.S. regulators will propose a new version of a rule requiring lenders to keep a stake in risky mortgages that they securitize in the last week of August. Currently, the draft regulation numbers 500 pages and will be written by … Continue reading
August 16, 2013 in Federal Housing Finance Agency | Permalink | No Comments
August 9, 2013
Fannie, Freddie & Affordable Housing
I was quoted in a Law360.com story, Affordable Housing May Trip Up Fannie, Freddie Fixes (behind a paywall). It reads in part, While the debate over housing finance reform in Washington has focused on the government’s role as market backstop, analysts say … Continue reading
August 9, 2013 in Federal Housing Finance Agency | Permalink | No Comments
July 16, 2013
Mortgage Bankers Ask Permission to Hijack GSE Reform
The Mortgage Bankers Association issued a concept paper that calls for a board of mortgage industry representatives to “have the authority to direct the scope and immediate priorities of the [Central Securitization] Platform’s development, and the capability to redirect resources … Continue reading
July 16, 2013 in Federal Housing Finance Agency | Permalink | No Comments
July 9, 2013
Thrilla in Vanilla: Freddie v. Jumbo
Kroll BondRatings issued an RMBS Commentary, Mortgage Credit Trends: Freddie Mac vs. Prime Jumbo. This commentary is important because it offers some help in evaluating the proposed “risk sharing” securitizations that Fannie and Freddie are considering. It is also important … Continue reading
July 9, 2013 in Federal Housing Finance Agency | Permalink | No Comments
July 8, 2013
State of the Nation’s Housing 2013: Build It and They Will Come
The Joint Center for Housing Studies of Harvard University released The State of the Nation’s Housing 2013. As always there is much of interest in this annual report. I was particularly intrigued by Figure 21 on page 20, “The Government … Continue reading
July 8, 2013 in Federal Housing Finance Agency | Permalink | No Comments
June 26, 2013
FHFA: Critical Concerns Remain, Future Uncertain
The FHFA issued its 2012 Report to Congress which provides a report of the annual examinations of Fannie, Freddie and the FHLBs. The report documents critical concerns about Fannie and Freddie, none of which are particularly newsworthy at this late … Continue reading
June 26, 2013 in Federal Housing Finance Agency | Permalink | No Comments
June 14, 2013
These Are A Few of My Favorite Things
Along with raindrops on roses and whiskers on kittens, reforming Government-Sponsored Enterprises and rationalizing rating agency regulation are two of my favorite things. The Federal Housing Finance Agency noticed a proposed rulemaking to remove some of the references to credit … Continue reading
June 14, 2013 in Federal Housing Finance Agency | Permalink | No Comments
