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.”
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.
Senior House Financial Services Committee member Blaine Luetkemeyer (R-Mo.) and Ranking Member Patrick McHenry (R-N.C.) today wrote to Securities and Exchange Commission Chairman Jay Clayton expressing concerns about the coming CECL loan loss accounting approach and its effects on markets and investors.
The Senate today voted 52 to 44 to confirm Mark Calabria as director of the Federal Housing Finance Agency.
Tune in for Maxine Waters on cannabis banking and housing finance reform; Mike Crapo on housing finance reform and data security; Kevin Hassett on his 3% economic growth projection for 2019; and three Federal Reserve presidents on the role bankers play in Fed governance.
Housing finance and data security will be top items on the Senate Banking Committee’s agenda in this Congress, committee Chairman Mike Crapo (R-Idaho) told attendees at ABA’s Washington Summit today.
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.
With housing GSEs Fannie Mae and Freddie Mac set to issue a single security — the Uniform Mortgage-Backed Security — starting in June, the Federal Housing Finance Agency today issued a final rule intended to ensure predictable cash flow to MBS investors.
Rep. Blaine Luetkemeyer (R-Mo.) today wrote to Federal Housing Finance Agency Acting Director Joseph Otting today requesting information on how the Financial Accounting Standards Board’s current expected credit loss standard will affect Fannie Mae and Freddie Mac.