GSEs

Wells Fargo acquires $51 billion in mortgage servicing rights

09/07/17

The portfolio of conforming loans is currently being subserviced by Nationstar Mortgage Holdings on behalf of Seneca Mortgage Investments.

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FHFA extends Harp for another year

08/17/17

The Home Affordable Refinance Program will now expire on Dec. 31, 2018, the FHFA said.

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Libor going away creates a compliance trap for ARM lenders

08/10/17

Picking a new benchmark for adjustable-rate mortgages is the easy part. Industrywide implementation is where things get tricky.

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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.

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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.

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FHFA’s Watt: No change in GSE credit scoring models until 2019

08/01/17

FHFA Director Mel Watt said Fannie Mae and Freddie Mac can not use alternative credit models until other issues are resolved first.

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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.

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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.

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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.

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Citi's investor day returns; Morgan Stanley tops Goldman

07/25/17

Citi is holding its first investor day since the financial crisis, plugging credit cards and its Mexican business; Morgan Stanley's market cap tops Goldman's for the first time.

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