The key pillars of loan quality are eroding, a Moody’s report notes, providing fewer protections for investors.
I am not philosophically opposed to the CFPB’s mandate or the regulations it has advocated. I believe in effective regulation, and have served as an intern at the Social Security Administration.
Congress has always been prone to slip items into catch-all spending measures as legislative sessions draw to a close.
We are approaching the tenth anniversary of the start of the 2008 economic crisis.
From the Wall Street Journal’s CEO Council annual forum, a two day event where the world’s most ambitious leaders connect, came a tweet from the WSJ Capital Journal account which amplified remarks from Treasury Secretary Steven Mnuchin:- “We do want to preserve the 30-year mortgage.. and we don’t want to put taxpayers at risk. Those are the two starting points on GSE reform.”
As a $1.5-trillion tax measure moves incrementally toward becoming law, Washington policymakers could have to confront the consequences of the raid on Fannie Mae and Freddie Mac’s capital that has been going on the last five years.
A new paper by John Berlau at the free-market oriented Competitive Enterprise Institute, not surprisingly, takes a dim view of the historic and persistent roles of Fannie Mae and Freddie Mac in the home mortgage market.
Tomorrow, November 1, 2017, at 10:00 a.m. EST, Investors Unite will host a teleconference to update IU members and the media on the most recent legal developments as numerous cases continue across the country, including the most recent October 30 oral arguments in Roberts vs. FHFA in the 7th District Court and Judge Sweeney’s latest opinion in the Fairholme Funds case.
President Donald Trump’s treasury secretary, Steve Mnuchin, recently indicated that efforts to overhaul Fannie Mae and Freddie Mac won’t materialize until next year.
The Federal Housing Finance Agency (FHFA) recently released FHFA’s Draft Strategic Plan for Fiscal Years 2018-2022, a plan produced by the Agency which accounts for the upcoming four years and details FHFA’s priorities as regulator and conservator of Fannie Mae and Freddie Mac.