Tag Archives: GSEs

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.

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Fannie, Freddie Transfer $81 Billion in Credit Risk Through Q2 2018

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 $81 billion in credit risk to private investors, amounting to about 3.2 percent of $2.5 trillion in unpaid principal balance, the FHFA said today.

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FHFA: Freddie Mac Falls Short of Some Low-Income Housing Goals

The Federal Housing Finance Agency in its Annual Housing Report today said that Freddie Mac failed to meet two of its four affordable housing goals — those for low and very-low income buyers purchasing single-family homes — in 2017. The GSE met its low-income refinancing goal for single-family homes and the goal for home purchases in low-income areas. Fannie Mae achieved all ...

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Delinquent GSE Mortgages Fall Slightly

The number of home loans backed by Fannie Mae and Freddie Mac that are 60 days or more past due dropped from 1.4 percent to 1.2 percent at the end of the second quarter, according to the Federal Housing Finance Agency’s foreclosure prevention report released today. Seriously delinquent loans — those that are 90 days or more past due — ...

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FHFA Proposal Would Align GSEs’ Practices for TBA-Eligible MBS

As Fannie Mae and Freddie Mac continue moving toward a single security, the Federal Housing Finance Agency today issued a proposed rule directing the GSEs to harmonize their programs, policies and practices that affect the prepayment rates of to-be-announced-eligible mortgage-backed securities.

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Hensarling, Delaney Release Draft of Bipartisan GSE Reform Bill

Marking the 10th anniversary of the conservatorship of housing GSEs Fannie Mae and Freddie Mac, House Financial Services Committee Chairman Jeb Hensarling (R-Texas) and Rep. John Delaney (D-Md.) today circulated draft legislation that would repeal the GSEs’ federal charters and direct Ginnie Mae instead to guarantee privately insured mortgage-backed securities.

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