Fannie Mae

Wells mulling job cuts; Supreme Court to hear Fannie, Freddie case


The bank is expected to report a small net profit for the second quarter next week; shareholders are challenging the government's 2012 decision to appropriate nearly all of the agencies' profits.


Wells Fargo hires Flagstar Bank's Kristy Fercho to lead home lending


Fercho will join Wells Fargo in August and report to Mike Weinbach, the bank's CEO of consumer lending.


Supreme Court to take up FHFA constitutionality


The high court ruled June 29 that the structure of the Consumer Financial Protection Bureau violated the separation of powers.


FHFA leadership structure on shaky ground after CFPB ruling


Legal experts say it is now more likely that the Supreme Court will strike down the single-director governance framework for Fannie Mae and Freddie Mac’s regulator.


Groups urge FHFA to extend comment period on GSE capital plan


In a letter to Director Mark Calabria, 17 organizations requested an additional 60 days to weigh in on the proposal meant to strengthen Fannie Mae and Freddie Mac's balance sheets post-conservatorship.


CFPB issues proposals to revise QM rule, extend GSE patch


The Consumer Financial Protection Bureau plans to change the definition of what constitutes a qualified mortgage from a 43% debt-to-income limit to a price-based threshold, and further extend a temporary exemption given to Fannie Mae and Freddie Mac.


Federal housing agencies extend foreclosure moratorium to Aug. 31


The FHFA and FHA both announced for the second time that they were delaying the freeze to protect borrowers and renters during the coronavirus pandemic.


Fannie, Freddie hire advisers to help raise capital; Deutsche leads the pack


Fannie Mae has chosen Morgan Stanley while Freddie Mac is going with JPMorgan Chase; the bank’s overhaul plan has helped make it the best performing big-bank stock so far this year.


GSEs hire Morgan Stanley, JPMorgan Chase as financial advisers


As they prepare to exit government conservatorship, Fannie Mae and Freddie Mac have enlisted the investment banks to help them boost capital and evaluate market opportunities.


GSE capital plan would make buying a home more expensive, critics say


The FHFA’s proposal is intended to strengthen Fannie Mae and Freddie Mac, but many experts warn that it could boost guarantee fees for lenders that they say may be passed on to borrowers.