Tag Archives: GSEs

ABA, Housing Groups: GSE Structural Reforms Must Precede Recapitalization

As debates continue to swirl about recapitalizing the housing GSEs Fannie Mae and Freddie Mac, ABA and several other housing and financial groups urged Treasury Secretary Steven Mnuchin and Federal Housing Finance Agency Director Mel Watt not to give in to advocates for rebuilding Fannie’s and Freddie’s capital cushions without structural reform.

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CFPB Harmonizes Regs B and C

The Consumer Financial Protection Bureau today modified the Equal Credit Opportunity Act (Regulation B) to provide flexibility for lenders around the collection of applicants’ demographic data under the Home Mortgage Disclosure Act (Regulation C).

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Fannie, Freddie Fail Stress Tests

Fannie Mae and Freddie Mac could need upwards of $100 billion in bailout funds if faced with another financial crisis, according to the results of the GSEs’ Dodd-Frank Act stress tests released yesterday.

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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.

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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.

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