May 19, 2015
HAMP-ered Foreclosure Prevention
The Special Inspector General for the Troubled Asset Relief Program (SIGTARP) released a report, Treasury’s Opportunity to Increase HAMP’s Effectiveness by Reaching More Homeowners in States Underserved by HAMP. The Introduction opens, TARP’s signature foreclosure prevention program, the Home Affordable … Continue reading
May 19, 2015 in Treasury | Permalink | No Comments
April 10, 2015
The Future of Fannie and Freddie: The Definitive Panel!
The NYU Journal of Law & Business has published The Future of Fannie and Freddie (also on SSRN): This is a transcript of a panel discussion titled, “The Future of Fannie and Freddie.” The panelists were Dr. Mark Calabria from the Cato … Continue reading
April 10, 2015 in Treasury | Permalink | No Comments
March 13, 2015
Friday Government Report Roundup
US Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) released two reports discussing the difference in risk between conventional lenders and CDFIs. CDFIs Stepping into the Breach: An Impact Evaluation—Summary Report. Risk and Efficiency among CDFIs: A Statistical Evaluation … Continue reading
March 13, 2015 in Treasury | Permalink | No Comments
February 19, 2015
Treasury Gives RMBS a Workout
The Treasury has undertaken a Credit Rating Agency Exercise. According to Michael Stegman, Treasury recognized that the PLS market has been dormant since the financial crisis partly because of a “chicken-and-egg” phenomenon between rating agencies and originator-aggregators. Rating agencies will not … Continue reading
February 19, 2015 in Treasury | Permalink | No Comments
January 29, 2015
Krimminger and Calabria on Conservatorships
By Michael Krimminger and Mark Calabria have shared The Conservatorships of Fannie Mae and Freddie Mac: Actions Violate HERA and Established Insolvency Principles. The paper opens, When the Federal Housing Finance Agency (“FHFA”) was appointed conservator for Fannie Mae and … Continue reading
January 29, 2015 in Treasury | Permalink | No Comments
January 15, 2015
GSE Conservatorship History Lesson
Mark Calabria, the Director of Financial Regulation Studies at the Cato Institute, has posted a very interesting paper, The Resolution of Systemically Important Financial Institutions: Lessons from Fannie and Freddie. This is a more formal version of what he presented … Continue reading
January 15, 2015 in Treasury | Permalink | No Comments
October 31, 2014
Homeowners Lost in the Shuffle
The Special Inspector General of the Troubled Asset Relief Program (SIGTARP) issued a report, Homeowners Can Get Lost in the Shuffle And Suffer Harm When Their Servicer Transfers Their Mortgage But Not the HAMP Application or Modification, that highlights some … Continue reading
October 31, 2014 in Treasury | Permalink | No Comments
