Proposed 5% public offering could reshape the U.S. mortgage market — but a host of risks loom along with potential gains
Tagged: Federal Housing Finance Agency (FHFA)
FHFA gives green light for Fannie Mae and Freddie Mac to approve deal ‘with appropriate safety and soundness guardrails’
Some warn a merger could reduce market competition, raise costs for homebuyers, destabilize the mortgage market
Calls for end to conservatorship, possible merger of Fannie Mae, Freddie Mac to reduce redundancies
Two complaints both seek $1 million in damages for each former employee for total of $82 million
Deal could value GSEs at combined $500B, sell a portion of their stock to raise ~$30B
Former Ginnie Mae president says appraisal reform is stalling, calls for Congress to embrace data-driven valuations
GSE’s liquidity, cost cuts, and credit quality hold steady even with sluggish spring market; regulatory capital still $29B too low
Letter calls for consulting with independent experts, regulators before any changes made
Mortgage market forecaster and MBS Highway CEO brings decades of housing finance experience to board