Fannie Mae

PHH to pay $75M False Claims Act settlement with DOJ

08/08/17

PHH Corp. will pay the Justice Department $75 million to settle a False Claims Act investigation of its underwriting practices on government-insured mortgages and loans sold to Fannie Mae and Freddie Mac.

[more]

Fannie-Freddie could need $100B bailout if new crisis hits: FHFA

08/07/17

Mortgage-finance giants Fannie Mae and Freddie Mac could need nearly $100 billion in bailout money in the event of a new economic crisis, according to stress test results released Monday by their regulator.

[more]

One part of GSE reform is already working

08/04/17

Credit risk transfers have emerged as more than just a method for mitigating taxpayer exposure. They could be a key component of comprehensive housing finance reform.

[more]

Bipartisan Senate bill would force Fannie, Freddie to think outside FICO

08/01/17

A bipartisan duo of lawmakers is set Tuesday to introduce a bill designed to increase homeownership opportunities for “credit invisible” consumers.

[more]

Freddie Mac says it will pay $2B to taxpayers — maybe

08/01/17

Freddie Mac said it earned enough in the second quarter to send a $2 billion dividend to the U.S. Treasury, but the press release announcing the company’s financial results includes new language suggesting uncertainty as to whether the payment will be made as scheduled.

[more]

A cautionary note for those intent on gutting GSEs

07/31/17

Regardless of whether Congress could act, proponents don’t seem to fully appreciate the potential unintended consequences of a future without Fannie Mae and Freddie Mac.

[more]

Fannie, Freddie are irrelevant to a government-backed mortgage system

07/25/17

Policymakers should differentiate between housing finance-related issues of real importance to the greater public interest, and those that concern only special interests.

[more]

Should GSEs be aggressive in buying chattel loans?

07/24/17

While Freddie Mac is moving cautiously into buying manufactured housing loans not secured by land, Fannie Mae is moving more aggressively. Industry representatives are divided on which approach is superior.

[more]

That was no typo: B of A held onto 90% of 2Q mortgage originations

07/21/17

It’s a very large number for any bank, but Bank of America executives said the move makes good economic sense and promotes relationship-building with customers.

[more]

Small lenders fear GSE reform would resurrect bulk discounts for big banks

07/20/17

The discounts that Fannie Mae and Freddie Mac used to offer large originators for selling them bulk bundles of mortgages continue to haunt small lenders, who worry a new housing finance system could revive the practice.

[more]