Home | Daily Dose | Treasury: Recap and Release Not Happening
Print This Post Print This Post

Treasury: Recap and Release Not Happening

Fannie-Freddie-logos-twoDespite some speculation within the mortgage industry that a speech on February 18 in which FHFA Director Mel Watt expressed concern over the GSEs’ impending zero capital buffer, Treasury put to rest the notion that a policy change is on the horizon.

Treasury counselor Antonio Weiss made it clear in October that a so-called “recap and release” for Fannie Mae and Freddie Mac, or a recapitalization and subsequent release from the FHFA’s conservatorship, was not imminent and would definitely not happen during the Obama Adminstration. Weiss contended that “The default must not be a return to a model that failed. . .we owe it to the American people to create the housing finance system they deserve.”

In response to Watt’s speech and in particular to speculation about a potential policy change, a Treasury spokesperson told DS News in an email, “Taxpayers injected $188 billion into the GSEs to stabilize the housing market and lay the groundwork for our economic recovery. Director Watt's remarks underscore the Administration’s consistent position regarding the GSEs’ conservatorship:  the best long-term solution is comprehensive housing finance reform. Until then, Fannie Mae and Freddie Mac will continue to rely on the $258 billion of taxpayer provided support to sustain market confidence.”

Watt said in his speech at the Bipartisan Center in Washington, D.C., on February 18 that there were certain substantial risks and challenges associated with managing the conservatorship, which were “certain to escalate” as the conservatorship, now in its eighth year, continues. One of those risks was the capital buffer of Fannie Mae and Freddie Mac, which is required by the government to be reduced to zero by January 1, 2018. Watt said with Fannie Mae and Freddie Mac holding zero capital, a disruption in the housing market could result in the GSEs needing another draw on Treasury.

“Director Watt’s remarks underscore the Administration’s consistent position regarding the GSEs’ conservatorship: the best long-term solution is comprehensive housing finance reform.”


Ralph Axel, rates strategist for Bank of America, stated he believes that Watt’s speech will be the driver of policy change, calling the speech “unusual” and saying that it “opens the door to FHFA pursuing a recapitalization plan, eventually leading to the end of the conservatorships. . .Now that the FHFA has made the decision to tackle the undercapitalization issue at Fannie/Freddie, we think FHFA will continue to push in this direction and cite its statutory obligation as the driver.”

Weiss argued back in October that a recap and release would be ineffective, however, because it would not increase access to the housing market for creditworthy borrowers, that taxpayers have not been fully “repaid” for the bailout (contrary to claims of private investors), and that a recap and release would drive up the cost of mortgages, since it would take decades for Fannie Mae and Freddie Mac to build safe and sound levels of capital to operate. Weiss claimed that those who believe a recap and release is a sustainable solution to the need for housing finance reform are “misguided.”

In response to Weiss’ remarks, several civil rights groups—the National Community Reinvestment Coalition (NCRC), the National Association for the Advancement of Colored People (NAACP), and the League of United Latin American Citizens (LULAC) sent a letter to President Obama calling on the Administration to end the conservatorships and recapitalize Fannie Mae and Freddie Mac.

About Author: Brian Honea

Brian Honea
Brian Honea's writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master's degree from Amberton University in Garland.


  1. Pingback: Treasury: Recap and Release Not Happening - Appraisal Buzz

  2. Pingback: Treasury: Recap and Release Not Happening - Brokers TitleBrokers Title

  3. Pingback: x78bn5t37bc45rtb3x45ctbwxds

  4. Pingback: effects of alcoholism

  5. Pingback: دانلود قسمت هشتم شهرزاد دوم

  6. Pingback: دانلود شهرزاد قسمت دوازدهم فصل دوم

  7. Pingback: دانلود شهرزاد قسمت نهم فصل دوم

  8. Pingback: قیمت پنجره

  9. Pingback: دانلود قسمت ششم فصل دوم شهرزاد

  10. Pingback: دانلود قسمت 14عاشقانه

  11. Pingback: دانلود قسمت 10 شهرزاد دوم

  12. Pingback: دانلود قسمت هفدهم عاشقانه

  13. Pingback: دانلود قسمت 13 عاشقانه

  14. Pingback: Marley Brinx

  15. Pingback: Rachel Starr

  16. Pingback: Angela White

  17. Pingback: دانلود شهرزاد قسمت هفتم فصل دوم

  18. Pingback: Dillion Harper

  19. Pingback: lesbian porn

  20. Pingback: construction equipment repair

  21. Pingback: casinos online for us players

  22. Pingback: سریال عاشقانه

  23. Pingback: دانلود قسمت دوازه عاشقانه

  24. Pingback: t-shirts med hunde motiver

  25. Pingback: دانلود قسمت پنجم شهرزاد دوم

  26. Pingback: دانلود قسمت سوم شهرزاد دوم

  27. Pingback: دانلود ققسمت 12 عاشقانه

  28. Pingback: bypass windows 7 admin password

  29. Pingback: cheap stephen curry shoes

  30. Pingback: دانلود قسمت سیزده عاشقانه

  31. Pingback: porno

  32. Pingback: Jewell

  33. Pingback: porno

  34. Pingback: videos porno

  35. Pingback: porno gratis

  36. Pingback: porno gratis

  37. Pingback: videos porno

  38. Pingback: porno

  39. Pingback: porno gratis

  40. Pingback: videos porno

  41. Pingback: videos porno

  42. Pingback: videos porno

  43. Pingback: فروش پنجره دو سه جداره

  44. Pingback: ساخت پنجره دوجداره

  45. Pingback: دانلود سریال عاشقانه

  46. Pingback: Acne Facial Treatments Southwest Ranches, Florida

  47. Pingback: Facial Spa Services Coral Springs

  48. Pingback: Acne Facial Treatments Tamarac

  49. Pingback: Facial Spa Services Margate

  50. Pingback: groin wrap

  51. Pingback: دانلود قسمت ششم شهرزاد دوم

  52. Pingback: دانلود قسمت پنجم شهرزاد دوم

  53. Pingback: see website

  54. Pingback: St. Louis Photographers

  55. Pingback: zynga poker chips

  56. Pingback: دانلود قسمت هفتم شهرزاد دوم

  57. Pingback: jake burgess palo alto ca

  58. Pingback: i88Cash

  59. Pingback: led lights

  60. Pingback: پنجره دو سه جداره

  61. Pingback:

  62. Pingback: coin-banks cryptocurrency

  63. Pingback: magazin de pescuit

  64. Pingback: coin-banks trading

  65. Pingback: Porn World

  66. Pingback: bitcoin trading

  67. Pingback:

  68. Pingback: mlynek do kawy bosch

  69. Pingback: le domaine

  70. Pingback: vpm

  71. Pingback: anime series

  72. Pingback: titleist 917 driver

  73. Pingback: دانلود شهرزاد قسمت 15 پانزده

  74. Pingback: دانلود شهرزاد قسمت سیزده 13

  75. Pingback: cr gems hack

  76. Pingback: دانلود سریال شهرزاد قسمت 15

  77. Pingback: پنجره دو سه جداره

  78. Pingback: Strasbourg

  79. Pingback: vpn

  80. Pingback:

  81. Pingback:

  82. Pingback: stories

  83. Pingback: rhymes for kids

  84. Pingback: Long Island Roofing

  85. Pingback: دانلود سریال شهرزاد قسمت 16

  86. Pingback: دانلود قسمت دوم سریال عالیجناب

  87. Pingback: 食品

  88. Pingback: دانلود سریال عالجناب اول

  89. Pingback: دانلود فیلم

  90. Pingback: دانلود فیلم

  91. Pingback:

  92. Pingback: political polls

  93. Pingback: game

  94. Pingback: Anti Bullying Speakers

  95. Pingback: Weed

  96. Pingback: como consultar cpf

  97. Pingback: Cheap marquee hire London

  98. Pingback: nursery rhymes

  99. Pingback: پنجره دوجداره وین تک

  100. Pingback: Superhero song

  101. Pingback: آموزش ساخت پنجره دوجداره

  102. Pingback: kids songs

  103. Pingback: قیمت پنجره

  104. Pingback: دانلود

  105. Pingback: فروش توری پنجره

  106. Pingback: House Cleaning copperas cove TX

  107. Pingback: nursery rhymes

  108. Pingback: specialiste

  109. Pingback: Vancouver Limo Services

  110. Pingback: Safari in Dubai

  111. Pingback: دانلود فیلم

  112. Pingback: usb charger cable samsung

  113. Pingback: ad network

  114. Pingback: upvc

  115. Pingback: دانلود فیلم

  116. Pingback: lollipop finger family

  117. Pingback: Pixel Gun 3d hack

  118. Pingback: Double chambered

  119. Pingback: how to buy bitcoin

  120. Pingback: real life

  121. Pingback: Wholesalers

  122. Pingback: авто-ключар

  123. Pingback: baby song

  124. Pingback: پنجره

  125. Pingback: پنجره ضد سرقت

  126. Pingback: پنجره دوجداره

  127. Pingback: دانلود

  128. Pingback: Thesis Writing

  129. Pingback: پنجره دوجداره

  130. Pingback: gernas kids

  131. Pingback: پنجره دوجداره

  132. Pingback: پنجره دوجداره

  133. Pingback: اموزش ساخت پنجره دوجداره

  134. Pingback: SEO Services London

  135. Pingback: Best Morocco Tour companies

  136. Pingback: buy real weed online cheap

  137. Pingback: viagra

  138. Pingback: all on four miramar

  139. Pingback: Personal Trainer Orlando FL

  140. Pingback: walmartone login

  141. Pingback: the best limos rental in Vancouver BC

  142. Pingback: news

  143. Pingback:

  144. Pingback: kids songs

  145. Pingback: artificial plants

  146. Pingback: domino99

  147. Pingback: good to great book

  148. Pingback: low flow shower head

  149. Pingback: walmart1 login

  150. Pingback: window

  151. Pingback: window

  152. Pingback: دانلود فیلم

  153. Pingback: watch porn on instagram

  154. Pingback: Yakima Seo Company

  155. Pingback: Romantic movie

  156. Pingback: قیمت پنجره

  157. Pingback: drop shipping business for sale

  158. Pingback: karaj

  159. Pingback: پنجره

  160. Pingback: Website

  161. Pingback: Coconut Water Processing Machine

  162. Pingback: online kasino malaysia

  163. Pingback: top 40 music videos

  164. Pingback: Autyzm

  165. Pingback: garden bridge

  166. Pingback: Web Design

  167. Pingback: Learn Colors

  168. Pingback: Hair Loss

  169. Pingback: hot pants

  170. Pingback: usi tech presentation

  171. Pingback: For kids

  172. Pingback: nikon d5200

  173. Pingback: Fuzjn 365

  174. Pingback: gay porn

  175. Pingback: Fuzjn Project 365

  176. Pingback: como mudar a senha da internet

  177. Pingback: Low cost Home Remodeling contractor Inland Empire

  178. Pingback: top 40 music videos

  179. Pingback: vegas online casinos

  180. Pingback: karaj

  181. Pingback: Way Out of Foreclosure

  182. Pingback: download

  183. Pingback: download

  184. Pingback: download

  185. Pingback: دانلود فیلم

  186. Pingback: Ultimate Epic battle Simulator

  187. Pingback: garden bridges Dallas

  188. Pingback: دانلود فیلم

  189. Pingback: garden bridges San Francisco

  190. Pingback: Bad Credit Remortgages

  191. Pingback: real estate wordpress themes responsive

  192. Pingback: Joan

  193. Pingback: More here

  194. Pingback: Self Storage Units and Facilities in Station Square in Pompano Beach

  195. Pingback: Self Storage Units and Facilities in New Rochelle

  196. Pingback: Self Storage Units and Facilities in Linden

  197. Pingback: Disney cartoons

  198. Pingback: 18yo Highschool Cheerleader Sextape

  199. Pingback: tummy tuck Houston

  200. Pingback: the power of positive thinking

  201. Pingback: vape mods

  202. Pingback: buy hacklink

  203. Pingback: Mac Screen Service and Repair

  204. Pingback: Bariatric Surgery in delhi

  205. Pingback: air jordans

  206. Pingback: دانلود فیلم نهنگ عنبر

  207. Pingback: Judi Online

  208. Pingback: BIOLOGY TEST BANKs

  209. Pingback:

  210. Pingback: payday loans

  211. Pingback: send car overseas

  212. Pingback: discount sport socks

  213. Pingback: sagittarius male love horoscope today

  214. Pingback: stamp store

  215. Pingback: پنجره کرج

  216. Pingback: آینه بغل

  217. Pingback: دانلود فیلم دوبله شده

  218. Pingback: دانلود سریال شهرزاد فصل دوم

  219. Pingback: headhunting

  220. Pingback: multi-use nursing cover

  221. Pingback: دانلود فیلم نهنگ عنبر

  222. Pingback: Bandana bibs

  223. Pingback: canada goose

  224. Pingback: real caller app

  225. Pingback: Breastfeeding scarf

  226. Pingback: Surrey Limo

  227. Pingback: iphone porn

  228. Pingback: Online Sportsbook Malaysia

  229. Pingback: SkinAlley

  230. Pingback: parenting

  231. Pingback: Ausgesperrt

  232. Pingback: missguided coupon code

  233. Pingback: My Ball My Life

  234. Pingback: Berita Judi Bola

  235. Pingback: dealfeed

  236. Pingback: maximainvestments

  237. Pingback: game hack

  238. Pingback: pornmd com

  239. Pingback: porn movie

  240. Pingback: see here

  241. Pingback: نهنگ عنبر

  242. Pingback: go here to seee the asite

  243. Pingback: Judi Online Terupdate

  244. Pingback: پنجره

  245. Pingback: i love my1 website


  247. Pingback: فروش لینک

  248. Pingback: link

  249. Pingback: KOYPONI OPAP

  250. Pingback: tips for slot machines

  251. Pingback: singapore gift printing

  252. Pingback: Oddsmonkey

  253. Pingback: 2 دانلود نهنگ عنبر

  254. Pingback: Oddsmonkey

  255. Pingback: Oddsmonkey

  256. Pingback: Oddsmonkey

  257. Pingback: Oddsmonkey

  258. Pingback: Oddsmonkey

  259. Pingback: Oddsmonkey

  260. Pingback: Oddsmonkey

  261. Pingback: Oddsmonkey

  262. Pingback: WalmartOne Login

  263. Pingback: omega xl review

  264. Pingback: prostara

  265. Pingback: menoquil

  266. Pingback: marks and spencer promo codes

  267. Pingback: bottle funnel

  268. Pingback:

  269. Pingback: www.consumerhealthdigest

  270. Pingback: stroller sunshade

  271. Pingback: دانلود فیلم نهنگ عنبر

  272. Pingback: Engine

  273. Pingback: war dragons cheats iphone no survey

  274. Pingback: iphone cases

  275. Pingback: Buy illegal backlinks

  276. Pingback: فیلم رگ خواب

  277. Pingback: yPros and Cons of Police Drones

  278. Pingback: mobile phone accessories

  279. Pingback: Allan

  280. Pingback: duvporn

  281. Pingback: mysterious places

  282. Pingback: Radhe Maa

  283. Pingback: read what he said

  284. Pingback: news update

  285. Pingback: Cryptocurrency

  286. Pingback: walmartone

  287. Pingback: La Diete 3 Semaines avis pdf gratuit

  288. Pingback:

  289. Pingback: old computer equipment disposal

  290. Pingback: buy cialis online

  291. Pingback: it recycling

  292. Pingback: Arvind Pandit

  293. Pingback:

  294. Pingback: pc disposal newbury

  295. Pingback: student essay writing services

  296. Pingback: Read Full Report

  297. Pingback: Arabic songs

  298. Pingback: online essay service

  299. Pingback: essay assignment help

  300. Pingback: essay writing service

  301. Pingback: harga saham

  302. Pingback: Irvine Real Estate Market Trend Thanks

  303. Pingback: arriba españa

  304. Pingback: make my boobs bigger

  305. Pingback: Daniel

  306. Pingback: El Cajon Cosmetic Dentistry

  307. Pingback: corporations good or bad

  308. Pingback: porn world xxx sex polls

  309. Pingback: naturel sızma zeytinyağı

  310. Pingback: walmartone

  311. Pingback: pirater un compte facebook

  312. Pingback: WoW classic discord

  313. Pingback: vanzari aparate aer conditionat cu transport si montaj inclus

  314. Pingback: Prince Frank VON ANHALT-Nassau

  315. Pingback: sex toys

  316. Pingback: momschips

  317. Pingback: porno izle

  318. Pingback: michael kors outlet toronto

  319. Pingback: google blackhat free

  320. Pingback: iphone 6 cases australia

  321. Pingback: eico car insurance

  322. Pingback: benefits of tea

  323. Pingback: michael kors factory outlet

  324. Pingback: get a medical marijuana card online in La Mesa

  325. Pingback: dog products

  326. Pingback:

  327. Pingback: Creation

  328. Pingback: more..

  329. Pingback: anthony morrison

  330. Pingback: louboutin melbourne

  331. Pingback: matthew pillmore

  332. Pingback: Pinganillo

  333. Pingback: best free porn

  334. Pingback: wall utensil holder

  335. Pingback: wholesale iphone cases

  336. Pingback: best free porn

  337. Pingback: evolution tree

  338. Pingback: codes

  339. Pingback: amateur porn sites

  340. Pingback: best porn site

  341. Pingback: Gunnar Andreassen PR

  342. Pingback: pof premium apk

  343. Pingback: porn sites

  344. Pingback: porno

  345. Pingback: Luft til vann vamrepumpe

  346. Pingback: homemade porn sites

  347. Pingback: walmartone

  348. Pingback: instagram porn

  349. Pingback:

  350. Pingback: vakantiehuizen in winterberg

  351. Pingback: poker

  352. Pingback: crypto currency

  353. Pingback:

  354. Pingback:

  355. Pingback: bigger breast

  356. Pingback:

  357. Pingback:

  358. Pingback: the last of us free download pc no survey

  359. Pingback: best porn site

  360. Pingback: پنجره یو پی وی سی

  361. Pingback: homemade porn sites

  362. Pingback: Jogos Kizi

  363. Pingback: hd porn sites

  364. Pingback: australia

  365. Pingback: buy china goods

  366. Pingback: ICO

  367. Pingback: Service and repair break down london

  368. Pingback: wedding gowns toronto

  369. Pingback: read the full info here

  370. Pingback: look at here now

  371. Pingback: BEST IPTV

  372. Pingback: walmart1

  373. Pingback: this link

  374. Pingback: blog here

  375. Pingback: browse around this site

  376. Pingback: recommended you read

  377. Pingback: my company

  378. Pingback: excel

  379. Pingback: buy baby gears

  380. Pingback: video excel

  381. Pingback: Darwin Horan

  382. Pingback: skin lightening

  383. Pingback: video excel

  384. Pingback: wedding dresses Toronto

  385. Pingback: self managed dedicated servers

  386. Pingback: دانلود اینه بغل

  387. Pingback:

  388. Pingback: buy viagra online

  389. Pingback: best wearable fitness tracker

  390. Pingback: vermiculite

  391. Pingback: awesome webservice apps 2018

  392. Pingback: Office website

  393. Pingback: wordpress help

  394. Pingback: ร้านทำผม กรุงเทพ

  395. Pingback: product reviews

  396. Pingback: divorce

  397. Pingback: matthew pillmore

  398. Pingback: drone-works

  399. Pingback: look what I found

  400. Pingback: progressplay

  401. Pingback: buy china goods

  402. Pingback: geico home

  403. Pingback: Fake Oakleys

  404. Pingback: licensed moneylender

  405. Pingback: Singapore Flower Delivery

  406. Pingback: licensed moneylender

  407. Pingback: Lotto Dominator

  408. Pingback: hemp oil for pain

  409. Pingback: thc cbd

  410. Pingback: מזוזות בלוד

  411. Pingback: ברכת הסת"ם

  412. Pingback: Limo Service Vancouver BC & Party Limos Bus Vancouver BC

  413. Pingback: missionary

  414. Pingback: free psn codes

  415. Pingback: xbox live

  416. Pingback: coupon code

  417. Pingback: Comparison of home insurance quotes

  418. Pingback: auto insurance rates by zip code

  419. Pingback: hartford homeowners insurance

  420. Pingback: Read Full Article

  421. Pingback: geico home & auto insurance

  422. Pingback: شهرزاد 3

  423. Pingback: geico auto insurance

  424. Pingback: love

  425. Pingback: phen375 buy in stores

  426. Pingback: Ray Ban Sunglasses Cheap

  427. Pingback: Best Pop Instrumental

  428. Pingback: Sell My Apple Iphone

  429. Pingback: nothing but the truth

  430. Pingback: fast payday loans online no credit check no fax

  431. Pingback: ブランドコピー

  432. Pingback: Token

  433. Pingback: boiler repair notting hill

  434. Pingback: Ethereum

  435. Pingback: Get More Information

  436. Pingback: Buy Viagra Online

  437. Pingback: Windows 10 Key

  438. Pingback: grande cazzo

  439. Pingback: comment soigner impuissance

  440. Pingback: Ilovenaruto

  441. Pingback: Muscles

  442. Pingback: ice totally gaming

  443. Pingback: Cheap Oakleys for Sale

  444. Pingback: dating

  445. Pingback: כרעיים עוף טרי גוש דן

  446. Pingback: instagram takipçi satın al

  447. Pingback: xyz軟體王

  448. Pingback: Microsoft

  449. Pingback: pirater un compte facebook

  450. Pingback: The Red Tea Detox

  451. Pingback: Mainostoimisto

  452. Pingback: دانلود سریال شهرزاد سوم

  453. Pingback: payday loan

  454. Pingback: The Devotion System

  455. Pingback: go to this site


  457. Pingback: real jordans for sale

  458. Pingback: Unleash The Power Within London

  459. Pingback: denise

  460. Pingback: options for fast products for gay ***

  461. Pingback: quality ladies clothing

  462. Pingback:

  463. Pingback: 15 Minute Manifestation

  464. Pingback: kapali �arsi altin fiyatlari

  465. Pingback: MCA Rodney Walker

  466. Pingback: see the list

  467. Pingback:

  468. Pingback: www publix org oasis login

  469. Pingback: kaikki pikavipit

  470. Pingback: Full Report

  471. Pingback: Your Domain Name

  472. Pingback: best commuter bike helmet

  473. Pingback: instagram hack 2

  474. Pingback:

  475. Pingback:

  476. Pingback: gas engineers

  477. Pingback: Corporate office address

  478. Pingback: شهرزاد سوم

  479. Pingback: white porn

  480. Pingback: Look At This

  481. Pingback: فصل سوم شهرزاد قسمت چهارم

  482. Pingback: دانلود شهرزاد چهارم

  483. Pingback: Photography

  484. Pingback: quote from geico

  485. Pingback: melasma pictures

  486. Pingback:

  487. Pingback:

Leave a Reply

Scroll To Top