Tag Archives: GSEs

Idaho Banker: High Time for GSE Reform

Testifying before the Senate Banking Committee today on behalf of ABA, banker Brenda Hughes called for Congress to move ahead with housing finance reform that provides liquidity for the house market and maintains access for community banks.

Read More »

Fed’s Powell: Now Is ‘Last Best Chance’ for Housing Finance Reform

With the housing market having recovered and memories of the financial crisis growing distant, Federal Reserve Governor Jerome Powell said today that “the next few years may present our last best chance to finish” critical reforms of housing finance, particularly regarding the secondary market and the role of housing GSEs Fannie Mae and Freddie Mac.

Read More »

ABA Submits Recommendations for Housing Finance Reform

As part of the banking industry’s continuing response to President Trump’s executive order outlining “core principles” for financial regulation, ABA submitted two white papers to the Treasury Department today with recommendations for reforming current mortgage lending rules and regulations and the government-sponsored enterprises Fannie Mae and Freddie Mac.

Read More »

Carson Signals FHA Policy Shift on PACE Loans

Housing and Urban Development Secretary Ben Carson signaled today that the administration may revisit an Obama-era policy on Property Assessed Clean Energy, or PACE, loans, a controversial financial product that allows homeowners to pay for energy-efficient retrofitting -- such as solar panels and high-efficiency air conditioners -- through their property tax assessments.

Read More »

Watt Testifies Before Senate Committee

At a hearing before the Senate Banking Committee today, FHFA Director Mel Watt highlighted the need for housing finance reform, noting that Congress must decide the future of Fannie Mae and Freddie Mac, including whether or not the enterprises should receive backing from the federal government.

Read More »