GSEs

Mortgage market doesn't need explicit government backing

03/08/18

A Senate proposal calling for a federal guarantee on mortgage-backed securities would only benefit the largest banks and increase the risk of bailouts.

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3 conditions before Ocwen and PHH are clear to close

03/01/18

From investor angst to regulatory scrutiny, here's a look at three obstacles that must be addressed before Ocwen Financial can acquire PHH Mortgage.

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Supreme Court rejects hedge funds on Fannie, Freddie suits

02/20/18

The Supreme Court dealt hedge funds and other big investors a blow Tuesday by refusing to revive core parts of lawsuits that challenged the federal government’s capture of billions of dollars in profits generated by Fannie Mae and Freddie Mac.

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Hensarling blasts FHFA for allowing GSE affordable housing payments

02/16/18

The House Financial Services Committee chairman is calling out Fannie Mae and Freddie Mac's regulator for authorizing payments to two housing trust funds while the mortgage giants have their own financial struggles.

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Don’t reinvent the wheel on housing finance: Restore Fannie and Freddie

02/16/18

As the debate over housing reform heats up, policymakers should give careful consideration to a plan that recapitalizes the government-sponsored enterprises.

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Freddie needs $312 million from Treasury after writing down tax assets

02/15/18

Freddie Mac posted a fourth-quarter net loss of $3.3 billion and will request $312 million from the Treasury after recent tax reform legislation forced it to write down the value of deferred tax assets.

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Fannie's $3.7B drawdown not as bad as it looks, CEO says

02/14/18

Tax reform caused Fannie Mae to burn through retained earnings that had been approved just two months ago and to post a fourth-quarter loss. CEO Timothy Mayopoulos argued it was a one-time event that overshadowed strong fundamentals.

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Fannie needs first bailout funds since 2012 after tax-cut loss

02/14/18

Fannie Mae will request an infusion of taxpayer money for the first time since 2012 because of an unintended but anticipated side effect of the corporate tax cut signed into law in December.

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How Trump’s budget affects CFPB, GSE fees, other bank priorities

02/12/18

The Trump administration’s 2019 budget highlights the administration’s goal of reining in the post-crisis regulatory apparatus, with proposed cuts for several agencies including the Consumer Financial Protection Bureau.

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Fannie Mae testing mortgages refinanced using Airbnb income

02/09/18

Quicken Loans, Citizens Bank and Better Mortgage are refinancing loans using Airbnb income as part of a pilot project with Fannie Mae.

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