News Topic: Fannie Mae
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Fannie Mae and Freddie Mac are safe, profitable, and should be set free
Fannie, Freddie both pass 2022 stress test despite misalignment on risk rating
FHFA issues final rule for Fannie Mae, Freddie Mac capital plan
Take Fannie and Freddie out of conservatorship before it's too late
Fannie Mae promotes two longtime leaders to key positions
Fannie, Freddie shares plunge as Supreme Court deals blow to investors
FHFA veteran reflects on 20 turbulent years in housing finance
CFPB throws mortgage market another curveball
Some applaud the agency's recent delay of the mandatory compliance date for a new Qualified Mortgage standard. Others say it leads to more uncertainty for lenders, opens the door to additional changes and enables some companies to loosen their ... Read full article
CFPB officially proposes delay of QM changes
The agency issued a proposal moving the compliance date for the Qualified Mortgage rule revamp to October 2022. ... Read full article
Fannie Mae’s 2020 earnings fall due to COVID-related credit expenses
While its net income declined annually for the second consecutive year, CEO Hugh Frater touted Fannie Mae’s resiliency in a record year for providing mortgage liquidity. ... Read full article
FHFA proposes living wills for Fannie and Freddie
The proposal would require the government-sponsored enterprises to craft resolution plans similar to regulations imposed on the largest U.S. banks. ... Read full article
Supreme Court hints FHFA's Calabria could keep job after all
Many have assumed the high court would rule that presidents can fire the Federal Housing Finance Agency director at will. But during oral arguments in a case challenging the agency’s structure, some justices suggested they could stop short of such a ... Read full article
Why is Fannie Mae abandoning a practice that shields it from risk?
Fannie hasn't completed any credit risk transfers to private investors since the second quarter. Some experts worry the decision — likely spurred by the company’s concerns about a recent capital regulation — could put the mortgage giant on unsteady ... Read full article
What Sheila Bair brings to table as chair of Fannie Mae
The former FDIC chief oversaw the resolution of hundreds of failed banks during the financial crisis and knows how to build relationships with regulators. Those skills could be crucial in helping Fannie exit federal control. ... Read full article
Former FDIC head Sheila Bair to chair Fannie Mae board
One of the top banking regulators during the 2008 financial crisis could have a hand in nudging Fannie Mae out of conservatorship. ... Read full article
GSE exemption to stay in place until underwriting rule finished: CFPB
The agency confirmed that loans backed by Fannie Mae and Freddie Mac can continue avoiding debt-to-income limits as the bureau completes a revamp of the Qualified Mortgage standard. ... Read full article
How lenders aim to profit from climate change
HSBC, Bank of the West and Fannie Mae are among those offering green mortgage bonds, financing commercial clients’ efforts to rein in carbon emissions and developing other novel products that help customers tackle environmental challenges. ... Read full article
Oversight council warns of systemic threat from Fannie, Freddie
The Financial Stability Oversight Council said the mortgage giants may need a bigger capital cushion than their regulator has proposed, but stopped short of designating them as “systemically important financial institutions.” ... Read full article
CFPB missed opportunity to call out lending discrimination, critics say
The agency’s report on mortgage data submitted by lenders identified persistent disparities between white borrowers and minorities in denial rates and pricing. Some observers say the bureau should have been more explicit as the nation wrestles with ... Read full article