Freddie Mac

PPP forgiveness plan disappoints, OnDeck fire sale, GSE liquidity: Top stories of the week

07/31/20

Bankers are left wanting after details on PPP forgiveness plan emerge; why OnDeck is being sold on the cheap; Fannie, Freddie to face banklike liquidity standards starting Sept. 1; and more from this week’s most-read stories.

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Fannie, Freddie to face bank-like liquidity standards starting Sept. 1

07/31/20

The mortgage giants will have to meet benchmarks for covering cash flow needs during stressed periods. The FHFA views the requirements as a prerequisite to the companies exiting conservatorship.

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Lenders shouldn't waver on monitoring early payment defaults

07/30/20

The key word is "temporary" with the FHA's quality control waiver expiring and not likely to be renewed.

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Democratic bills would bar GSEs from charging forbearance fees

07/22/20

Fannie Mae and Freddie Mac have imposed heavy price adjustments for loans that were granted relief under the pandemic relief law enacted in March.

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What’s systemic in the secondary mortgage market? Don't ask FSOC.

07/21/20

The Financial Stability Oversight Council’s plan to study the market explains very little about which activities or firms, like Fannie Mae and Freddie Mac, will be designated as systemically important. Here's some clearer guidance.

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Pandemic pushes FHFA to keep Fannie and Freddie 2021 goals static

07/20/20

The Federal Housing Finance Agency will extend the same GSE benchmarks of the past three years into 2021.

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FHFA's challenge: Convincing Supreme Court it's not CFPB

07/14/20

A recent ruling declaring the Consumer Financial Protection Bureau’s structure unconstitutional signaled that a similar outcome awaits the Federal Housing Finance Agency. But the FHFA will argue in a new case that it does not deserve the same fate.

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FSOC to look more closely at secondary mortgage market

07/14/20

The council created by the Dodd-Frank Act to identify systemic risks launched a review of the market as part of an activities-based approach that shifts focus away from targeting individual firms.

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

07/10/20

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.

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Supreme Court to take up FHFA constitutionality

07/09/20

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

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