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Tag Archives: U.S. Treasury

Affordable Housing vs. GSE Reform

affordable housing

In light of proposed housing finance reforms, a study looked at the effectiveness of measures in place regarding the fee paid by the GSEs to HUD and The Treasury towards raising funds for affordable housing and here’s what it found.

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Judge Orders Treasury to Disclose Fannie & Freddie Conservatorship Documents

A ruling in the Federal Claims Court on Tuesday made by Judge Margaret Sweeney will force the U.S. Treasury to disclose all of Fannie Mae’s and Freddie Mac’s conservatorship documents. Over 10,000 discovery documents will be released to the United States District Court of Appeals in Washington D.C. and the United States District Court. Fairholme Funds made the request in court against the GSEs, claiming that their investor ownership stake was taken unlawfully from them by the government when the conservatorship occurred. Fairholme's efforts are a step toward getting their ownership stake returned to them.

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Michael Stegman Stresses Need for Housing Reform In Speech

According to Stegman, under the current system taxpayers remain at risk and the government has yet to provide a long-term plan for the housing market. Under conservatorship GSE senior employees can reap substantial profits while leaving taxpayers the burden of covering the enormous losses. Flaws like this one can only be changed by law.

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