The financial results for Q1 2016 released by both Freddie Mac and Fannie Mae this week, particularly for Freddie Mac, have resulted in even more questions as to whether or not the current GSE model is sustainable.
Read More »Watchdog Chides FHFA for Lack of Oversight
The report from the FHFA Office of the Inspector General covered an 18-month period from early 2013 to mid-2014.
Read More »FHFA Director Watt Demystifies Challenges and Risks Behind GSE Conservatorship
Fannie Mae and Freddie Mac have been under conservatorship for almost eight years following a massive taxpayer-funded bailout. While many in the industry have called for a GSE reform on numerous occasions over the years, the future of the conservatorship remains uncertain.
Read More »White House Officials Reject Calls to End Fannie Mae & Freddie Mac Conservatorship
Officials of the Obama administration recently rejected investors' calls to reform Fannie Mae and Freddie Mac to end the seven-year conservatorship between the two GSEs.
Read More »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.
Read More »FHFA’s Conservatorship of GSEs Has No Clear End, Ratings Company Says
Since 2012, all GSE profits have been swept into Treasury. The GSEs each have a capital buffer of $1.8 billion, but it is required to be reduced by $600 million per year until it reaches zero by 2018. The Enterprises would require another draw on Treasury should their losses exceed their capital buffer.
Read More »Government Housing Finance Policy Specialist Discusses FHFA’s Conservatorship of GSEs
Stegman said the Administration would not end the conservatorship of the GSEs without a viable alternative that provides that elusive balance between eliminating taxpayer risk while still allowing credit access.
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