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Fannie Mae

FHFA Sets Goals For GSE's Next Few Years

Rules and regulations books on a shelf

The Federal Housing Finance Agency (FHFA) proposed a rule that would establish housing goals for Fannie Mae and Freddie Mac (the Enterprises) for 2015 through 2017. FHFA is requesting comment on all aspects of the proposed rule. The Housing and Economic Recovery Act of 2008 requires FHFA to establish annual housing goals for both Enterprises, and FHFA’s current housing goals rule is effective through the end of 2014.Click to continue

FHFA Reaches $3.15 Billion MBS Settlement With Goldman Sachs


The Federal Housing Finance Agency (FHFA), as conservator of Fannie Mae and Freddie Mac, has announced it has reached a settlement with Goldman Sachs, related companies and certain named individuals. The settlement addresses claims alleging violations of federal and state securities laws in connection with private-label mortgage-backed securities (PLS) purchased by Fannie Mae and Freddie Mac between 2005 and 2007.Click to continue

GSEs Complete Nearly 3.2 Million Foreclosure Prevention Actions Through Q1


Fannie Mae and Freddie Mac have completed nearly 3.2 million foreclosure prevention actions since the start of the conservatorships in 2008, with approximately 88,800 actions occurring in the first quarter. These measures have helped more than 2.6 million borrowers stay in their homes, including 1.6 million who received permanent loan modifications.Click to continue

The Viability of GSE Recapitalization


During a recent National Housing Conference Annual Policy Symposium in Washington, D.C., Treasury Undersecretary Mary Miller discussed the uncertain future of the government-sponsored entities (GSEs). She also covered the basics of the post-economic disaster and its meager, slow-moving recovery.Click to continue

GSE Reform and CFPB Transparency Take Center Stage on Capitol Hill


Author Joshua Rosner appeared in Washington earlier today to talk about government-sponsored enterprise (GSE) reform. That age-old topic that gets brought up time and time again but never really has any headway made about it. While appearing before a group of Investors Unite members, Rosner made it clear that GSE reform could occur, with or without government assistance.

“There are consequences for lack of reform, or improper reform – the wrong kind of change may make things worse,” Rosner said. “Addressing GSE capital stack issues and reform go hand in hand.”Click to continue

FHFA Seeking Input on G-Fees


The Federal Housing Finance Agency (FHFA) announced it is requesting input on the guarantee fees (g-fees) that Fannie Mae and Freddie Mac charge lenders. Click to continue

Fannie Mae Expands HomePath Communication Tool Functionality


Fannie Mae has announced the expansion of the HomePath for Short Sales Web site, a communication tool created to help real estate professionals efficiently complete short sales and resolve challenges directly with Fannie Mae. The new functionality will allow agents to contact Fannie Mae sooner in the short sale process and preempt potential challenges, decreasing the need to escalate concerns further down the road.Click to continue

Johnson and Crapo GSE Dissolution Bill Set to Take Center Stage


Senate Banking Committee Chairman Tim Johnson (D-SD) and Representative Mike Crapo (R-ID) will be heading to the Dirksen Senate Office Building to present S.1217, the Housing Finance Reform and Taxpayer Protection Act of 2013. This meeting is considered an Executive Session, which means it is closed-door and will bar outsiders. The bill details exactly how the government could go about eliminating both Fannie Mae and Freddie Mac.Click to continue