Secondary market

Freddie Mac appoints Mark Grier as interim CEO

03/16/21

The company is still searching for someone to fill the roll on a full-time basis, but the $600,000 annual salary cap may limit the candidate pool.

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Was reboot of this Fed crisis-relief program a bust?

11/17/20

The Term Asset-Backed Securities Loan Facility was brought back to inject $100 billion into the pandemic-battered economy, but only a fraction has been disbursed. Yet experts, pointing to its calming effects on markets, recommend that it be extended into next year.

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CRA rule done, OCC set to unveil scoring proposal

07/30/20

Acting Comptroller of the Currency Brian Brooks said the agency plans to issue new assessment procedures within weeks as a follow-up to recent Community Reinvestment Act reforms. He also touched on the “true lender” issue and why the agency is considering a narrow-purpose payments charter.

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What’s systemic in the secondary mortgage market? Don't ask FSOC.

07/21/20

The Financial Stability Oversight Council’s plan to study the market explains very little about which activities or firms, like Fannie Mae and Freddie Mac, will be designated as systemically important. Here's some clearer guidance.

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FSOC to look more closely at secondary mortgage market

07/14/20

The council created by the Dodd-Frank Act to identify systemic risks launched a review of the market as part of an activities-based approach that shifts focus away from targeting individual firms.

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Why lenders are wary of FHA's terms for buying loans with forbearance

06/10/20

The Federal Housing Administration's move to insure loans with forbearance could help support homeownership opportunities constrained by the coronavirus if one change was made to it, trade groups said.

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Trade orgs say FHLBank targets may increase small member participation

06/10/20

Groups representing community banks and credit unions generally support the new percentage-based goals set by the Federal Housing Finance Agency.

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