Calabria Charts Path Forward for Fannie, Freddie
Federal Housing Finance Agency Director Mark Calabria today said he hopes to have Fannie Mae and Freddie Mac on a clear path toward ending conservatorship “by January 1 of next year.”
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Calabria to Seek Congressional Authority as FHFA Eyes End to GSE Conservatorship
Ensuring that Fannie Mae and Freddie Mac are sufficiently capitalized will be critical for removing the GSEs from conservatorship, FHFA Director Mark Calabria said in a recent Q&A in Politico magazine.
New FHFA Director Warns of Vulnerability in Housing Finance System
In his first remarks as director of the Federal Housing Finance Agency, Mark Calabria today cautioned that “the foundations of our mortgage finance system remain vulnerable,” and highlighted the need for housing finance reform.
Delinquent GSE Mortgages Fall in Q4
The number of home loans backed by Fannie Mae and Freddie Mac that are 60 or more days past due fell from 1.13 percent to 1.08 percent at the end of the fourth quarter, according to the Federal Housing Finance Agency’s foreclosure prevention report released today.
Delinquent GSE Mortgages Fall in Q3
The number of home loans backed by Fannie Mae and Freddie Mac that are 60 or more days past due fell from 1.2 percent to 1.1 percent at the end of the third quarter, according to the Federal Housing Finance Agency’s foreclosure prevention report released today.
FHFA Sets 2019 Performance Goals for Fannie, Freddie
The Federal Housing Finance Agency today issued the metrics on which it will assess the 2019 performance of Fannie Mae, Freddie Mac and their jointly owned securitization platform, which will be implemented for the “Single Security” to be issued by both GSEs in the second quarter of 2019.
FHFA Proposes New Requirements for Validating, Approving Credit Score Models
As directed by regulatory reform law S. 2155, the Federal Housing Finance Agency today issued a proposed rule to establish new requirements for the validation and approval of credit score models by Fannie Mae and Freddie Mac.
FHFA Finalizes Changes to FHLB Affordable Housing Program
The Federal Housing Finance Agency today finalized a proposal making changes to the Federal Home Loan Bank Affordable Housing Program
ABA Offers Feedback on FHFA’S GSE Capital Proposal
In a comment letter to the Federal Housing Finance Agency on Friday, the American Bankers Association offered feedback on a proposal that would create a new framework for risk-based capital requirements for Fannie Mae and Freddie Mac to ensure that the GSEs could cover losses and continue operations in the event of stress.
FHFA On Track with Second Phase of ‘Single Security’ Implementation Effort
The Federal Housing Finance Agency today issued an update on the common securitization platform it is developing to issue the Single Security, a mortgage-backed security to be issued by both Fannie Mae and Freddie Mac.