Tag Archives: Fannie Mae

The GSEs have made helping families avoid foreclosure one of their top priorities since the start of the housing crisis, and Fannie Mae just announced an update to support a policy change to assist in that initiative.

Eight of the nine members of the Financial Stability Oversight Council testify Tuesday before the House Financial Services Committee. Any realistic movement toward GSE reform leads to the FSOC, so what they say Tuesday will echo through the industry.

Stakeholders in the mortgage industry question whether or not a takeover by Wall Street banks would help the industry. Some say not only would it not help the industry, but it would be harmful. Did three top housing policy officials advocate for their private sector clients after leaving their government positions?

Antonio Weiss, Counselor to the Treasury Secretary, reiterated his stance against Treasury allowing for the recapitalization of Fannie Mae and Freddie Mac and releasing them from the FHFA’s conservatorship, stating that “This approach is simply a bad deal for taxpayers and homeowners alike.”

The bill "suspends compensation packages approved for 2015 for the chief executive officers of the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and any of their affiliates, and reinstates the compensation and benefits previously in effect," the statement said.

The GSE's gross mortgage portfolio has expanded in only three of the last 64 months since June 2010.

The FHFA has announced Fannie Mae's and Freddie Mac's maximum conforming loan limits for next year, and they will remain the same in most of the country. What areas will see an increase?

The disputes involve the FHFA requiring financial institutions to repurchase faulty mortgage loans they sold to Fannie Mae and Freddie Mac in the years leading up to the financial crisis.

Is the FHFA's conservatorship of Fannie Mae and Freddie Mac weighing down homeownership?

Mel Watt, an Obama appointee who could now be at odds with the Obama Administration if the Vitter-Warren bill gets signed by the President, said in a statement in July that the purpose of the pay raises was to "promote CEO retention, allow reliable succession planning, and ensure the continuity, efficiency and stability" at Fannie Mae and Freddie Mac.