GSE reform

FHFA chief: Coronavirus-related delinquencies could outnumber subprime


Federal Housing Finance Agency Director Mark Calabria said a virus-induced financial crisis might give rise to more delinquencies and foreclosures than the 2007 subprime mortgage meltdown.


Regulator predicts delay in GSE capital rule due to pandemic


FHFA Director Mark Calabria said the health crisis will complicate the release of a proposal establishing new capital requirements for Fannie Mae and Freddie Mac.


Fannie and Freddie to make record high contributions to housing trust funds


The Federal Housing Finance Agency authorized the government-sponsored enterprises to contribute $502.2 million to two funds that help preserve and build affordable housing.


GSEs may be freed with Treasury backstop, Mnuchin says


Fannie Mae and Freddie Mac are expected to retain “limited and tailored government support” after they are released from U.S. control, Treasury Secretary Steven Mnuchin said in a letter to lawmakers.


M&T snags JPM exec, banking deserts, goodbye legacy cores: Top stories of the week


M&T hires Aarthi Murali away from JPMorgan Chase as its customer experience chief; when a small town loses its only bank; why more banks are ditching their legacy core vendors; and more from this week’s most-read stories.


Fed bars another Goldman banker for 1MDB; SEC readies major crypto suit


The bank’s former Asia investment banking co-chief is its third executive to be so punished; the agency says Telegram’s digital coin is a security.


Goldman, Amazon may offer loans; banks plan to tighten underwriting


The bank would make small-business loans on the online retailer’s platform; Fed survey says banks worry about increasing delinquencies, especially in subprime.


FHFA redefining itself ahead of GSE overhaul


With policymakers focused on ending Fannie Mae and Freddie Mac’s conservatorship, their regulator is reorganizing key units and adding staff to position itself for the long term.


FHFA picks Houlihan Lokey to advise agency on GSE plans


The regulator said the investment bank and financial services company will help in the process of strengthening Fannie Mae and Freddie Mac’s capital standing for their eventual exit from conservatorship.


4 questions as CFPB closes in on revamp of key mortgage rule


The agency is sending a strong message that it won’t rush to end an exemption for Fannie Mae and Freddie Mac while also signaling longer-term changes that will affect all lenders.