FHFA Seeks Views on FHLB Membership Requirements
As expected, the Federal Housing Finance Agency today issued a request for input on Federal Home Loan Bank membership.
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Fannie, Freddie Solicit Credit Score Model Developers
Fannie Mae and Freddie Mac have published a joint solicitation seeking applications from credit score model developers, FHFA announced today.
Trade Groups Raise Concerns About Changes to FHFA UMBS Pooling Practices
The American Bankers Association joined several housing and financial trade groups in a letter to the Federal Housing Finance Agency today highlighting concerns about recently proposed changes to uniform mortgage-backed security pooling practices used by Fannie Mae and Freddie Mac.
Giancarlo to Chair GSEs’ Common Securitization Solutions
The Federal Housing Finance Agency today announced that former Commodity Futures Trading Commission Chairman Christopher Giancarlo will serve as independent, non-executive chairman of the board of Common Securitization Solutions, a joint venture between Fannie Mae and Freddie Mac to support their uniform mortgage-backed security.
FHLB Advances Fall, Collateral Rises in 2018
Advances from the Federal Home Loan Banks during 2018 fell about 4% to $728.8 billion, the Federal Housing Finance Agency said today.
FHFA: Fannie, Freddie Sold More than 117,000 Nonperforming Loans Since 2014
Fannie Mae and Freddie Mac have sold 117,466 nonperforming loans as of June 30, 2019, with a total unpaid balance of $22.2 billion, according to the Non-Performing Loan Sales report released today by the Federal Housing Finance Agency.
FHFA to Re-propose GSE Capital Rule in 2020
Federal Housing Finance Agency Director Mark Calabria today signaled his intention to re-propose regulations for capital requirements for Fannie Mae and Freddie Mac.
Fannie, Freddie Transfer $102B in Credit Risk
Since the Federal Housing Finance Agency launched a credit risk transfer program for GSEs Fannie Mae and Freddie Mac in 2013, the enterprises have transferred $102 billion in credit risk to private investors, amounting to about 3.3% of $3.1 trillion in unpaid principal balance, the FHFA said today. For the first half of 2019, the GSEs transferred about $10.5 billion worth of credit risk. Transfers included debt issuances, insurance and reinsurance transactions, senior-subordinate securitizations and several kinds of lender-collateralized recourse transactions.
GSEs to Prepare for Exit from Conservatorship Under New FHFA Strategic Plan
The Federal Housing Finance Agency today released its updated strategic plan for Fannie Mae and Freddie Mac, outlining three broad objectives for the GSEs including preparing for their eventual exit from conservatorship.
Calabria: GSEs to Retain Earnings for Up to 18 Months
FHFA Director Mark Calabria said he expects Fannie Mae and Freddie Mac to retain earnings for up to 18 months as the GSEs work to rebuild capital, according to reports Thursday.