October 16, 2017
The Next Taxpayer Bailout for the Mortgage Market?
The HUD Office of the Inspector General issued an audit on Nonbank Oversight by Ginnie Mae. This audit is one of those dry government documents that contain whispers of crises to come. The worrisome sentence is buried at … Continue reading
October 16, 2017 in Regulation | Permalink | No Comments
October 13, 2017
Rethinking FHA Insurance
The Congressional Budget Office issued a report on Options to Manage FHA’s Exposure to Risk from Guaranteeing Single-Family Mortgages. FHA insurance stands out from other forms of mortgage insurance because it guarantees all of a lender’s loss, rather than just … Continue reading
October 13, 2017 in Regulation | Permalink | No Comments
October 6, 2017
Treasury’s Overreach on Securitization Reform
The Department of the Treasury released its report, A Financial System That Creates Economic Opportunities Capital Markets. I will leave it to others to dissect the broader implications of this important document and will just highlight what it has to … Continue reading
October 6, 2017 in Regulation | Permalink | No Comments
October 5, 2017
Evolution of the CFPB?
The Mortgage Bankers Association has issued a white paper, CFPB 2.0: Advancing Consumer Protection. The Executive Summary reads, in part, In its first years, the Bureau’s regulatory expertise was largely consumed by the need to meet deadlines on specific rules … Continue reading
October 5, 2017 in Regulation | Permalink | No Comments
October 4, 2017
FHFA’s Strategic Plan for Fannie and Freddie
The Federal Housing Finance Agency released its Strategic Plan for fiscal years 2018-2022 for public input. As discussed in yesterday’s post, Director Watt is very focused on maintaining the health of Fannie Mae and Freddie Mac. The Strategic Plan reiterates … Continue reading
October 4, 2017 in Regulation | Permalink | No Comments
October 3, 2017
Watt’s Happening with Fannie and Freddie?
Federal Housing Finance Agency Director Watt testified before the House Committee on Financial Services today and gave a good overview of the decade-long conservatorship of Fannie and Freddie. He also gave some sense of the urgency of coming up with … Continue reading
October 3, 2017 in Regulation | Permalink | No Comments
September 27, 2017
Fannie, Freddie and Climate Change
The Housing Finance Policy Center at the Urban Institute issued its September 2017 Housing Finance At A Glance Chartbook. The introduction asks what the recent hurricanes tell us about GSE credit risk transfer. But it also has broader implications regarding … Continue reading
September 27, 2017 in Regulation | Permalink | No Comments
