Mark Calabria

Will GSEs' record-high capital requirements scare investors away?


Some observers wonder if proposed regulatory targets for Fannie Mae and Freddie Mac will stoke concerns about low shareholder returns. But others suggest those fears are unfounded.


FHFA plan would make GSEs hold banklike capital amounts


The much-anticipated proposal, which would not go into effect until after Fannie Mae and Freddie Mac are privatized, reflects Director Mark Calabria’s aggressive efforts to get the companies on a strong financial footing.


FHFA close to unveiling capital plan for privatized GSEs


Director Mark Calabria, who abandoned the Fannie and Freddie capital proposal written by his predecessor, said he expects a revised framework to be ready “very soon.”


Borrowers in forbearance can refinance under certain conditions: FHFA


The Federal Housing Finance Agency clarified that borrowers with Fannie Mae- or Freddie Mac-backed mortgages who have entered into forbearance plans can be eligible for a refi or new purchase once they are considered “current” on their mortgage.


FHFA extends eviction and foreclosure moratorium to June 30


The agency's announcement came one day after the agency said it would provide borrowers struggling to stay current with an additional payment deferral option.


Mnuchin wants an apology; investors flee Wirecard


Treasury secretary says big firms that took PPP loans should apologize, not just return the money; German fintech’s shares drop 26% as audit fails to rebut accounting fraud allegations.


Cost of GSEs' mortgage market support may be too steep for lenders


Fannie Mae and Freddie Mac are now able to buy loans in forbearance to alleviate pressure on the sector, but the fees charged by the mortgage giants to assume more risk could turn away some originators.


Fannie, Freddie won’t require lump-sum forbearance repayments


The FHFA's director said the announcement is meant to “combat ongoing misinformation” about efforts to let homeowners skip mortgage payments due to the coronavirus pandemic.


CFPB issues guidance on making mortgage servicing transfers 'seamless'


The bureau said it began developing the standards before the coronavirus pandemic. But more transfers may occur as some servicers struggle to meet their obligations during their economic downturn.


'We got out early and quickly': FHA chief details coronavirus response


The Federal Housing Administration has provided struggling homeowners with payment flexibility and explored other measures. At the same time, the agency is mindful of protecting itself against downside risks.