Will federal control of Fannie and Freddie ever end?
Maybe political winds or another downturn will spark housing finance reform. But 10 years after the conservatorships began, the companies are still in perpetual limbo. ... Read full article
Maybe political winds or another downturn will spark housing finance reform. But 10 years after the conservatorships began, the companies are still in perpetual limbo. ... Read full article
The employee who made sexual harassment allegations against the agency’s director also claims Watt withheld her pay increase after she refused his advances. ... Read full article
The regulator of the government-sponsored enterprises has substantial authority to intervene as a legislative stalemate continues. ... Read full article
The Ohio special election is the latest sign that Democrats are well positioned to retake the House in midterm elections this fall. ... Read full article
The House Financial Services Committee has scheduled an FHFA oversight hearing for September in the wake of waste, fraud and abuse allegations. ... Read full article
The biggest impact may be to focus the administration’s efforts on selecting a nominee to succeed Director Mel Watt, whose term ends in January. ... Read full article
Banks aren’t the only ones that need to keep pace with digital innovation — government agencies must also work to stay relevant. ... Read full article
Fannie Mae’s treatment of a reperforming loan package helped drive up earnings by almost 41% to $4.5 billion, delivering a stronger dividend to Treasury ahead of a leadership change. ... Read full article
Fannie Mae and Freddie Mac remain in conservatorship nearly a decade after the financial crisis, and there’s still no end in sight. ... Read full article
Whoever succeeds current Director Mel Watt will have a front-and-center role in efforts to reform Fannie Mae and Freddie Mac. ... Read full article
The announcement comes as Fannie Mae promoted David Benson to serve as president of the government-sponsored enterprise. ... Read full article
The California Democrat would have more of a bully pulpit as chair of the Financial Services Committee, but some say she could take a pragmatic approach to passing banking legislation. ... Read full article
If the GOP keeps the Senate, the Pennsylvania Republican, who has pressed for bigger changes to the Dodd-Frank Act than recently enacted regulatory relief legislation, could be the next banking chair. Here's what that means. ... Read full article
The Trump administration's plan to end the conservatorship of Fannie Mae and Freddie Mac marked its first effort to solve a problem left over from the financial crisis, but ultimately raised more questions than it answered. ... Read full article
Instead of shrinking the GSEs, the housing regulator is letting them expand into a host of new products and programs. ... Read full article
Meet the new housing finance reform plan, same as the old ones. While that gives it legs, it also presents big challenges. ... Read full article
The plan would end the GSE conservatorships and create an explicit federal guarantee, but it's unclear if even other parts of the Trump administration support it. ... Read full article
The groups applauded a proposal to establish minimum GSE capital requirements, but called for more immediate steps to release the companies from conservatorship. ... Read full article
Risk management and technology systems at the Federal Housing Administration lag decades behind Fannie Mae and Freddie Mac and desperately need to be revamped, according to a top official at HUD. ... Read full article
No plan will be implemented as long as Fannie Mae and Freddie Mac remain in conservatorship, but a capital framework for the companies could still have a substantive impact. ... Read full article