Browsing: GSEs

Newsbytes

The number of home loans backed by Fannie Mae and Freddie Mac that are 60 or more days past due fell from 1.08% to 1.03% at the end of the first quarter, according to the Federal Housing Finance Agency’s foreclosure prevention report released today.

Mortgage

In a preface to the Federal Housing Finance Agency’s annual report to Congress today, Director Mark Calabria once again urged lawmakers to strengthen the agency’s authority as they work to unwind the conservatorships of Fannie Mae and Freddie Mac.

Mortgage

Fannie Mae and Freddie Mac today officially launched the Uniform Mortgage-Backed Security, which will replace the current TBA-eligible MBS issued by the two GSEs.

Tax/Accounting

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.

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