Tag Archives: Department of Treasury

Secretary of the Treasury Steve Mnuchin fears that if the debt ceiling isn't raised, the Treasury Department will be unable to borrow the money it needs to aid Hurricane Harvey affected areas in Texas and Louisiana.

Two Senators could be drafting legislation to split up Fannie Mae and Freddie Mac, according to Bloomberg. The move would be made in an effort to increase competitiveness in the secondary mortgage market. What's their plan, and how might it affect the secondary mortgage market?

Freddie Mac reported a net loss of $475 million for Q3 2015 in its 10-Q filing with the Securities and Exchange Commission on Tuesday, the first time the GSE has reported a quarterly net loss in four years.

In the response letter, dated April 21, 2015, Treasury's Acting Assistant Secretary for Legislative Affairs, Randall DeValk said that wanted to "clarify some misunderstandings" from some press reports regarding the agreement, and said that the government's $187.5 billion bailout of Fannie Mae and Freddie Mac with taxpayer funds in 2008 was not an "ordinary" loan.

“Get Financially Fit In and Around Your Home” rounds out National Financial Literacy Month with a discussion on what prospective homebuyers can learn and what existing homeowners can do to bring down expenses.

When asked what she was most proud of having accomplished with MHA, Lambert said, "There are so many things. If I had to pick one thing, I would say we're proud of the way we were able to put resources together to help homeowners and I’m proud I was able to participate in the direct assistance of homeowners in so many ways, including our PSA campaigns, online presence and outreach events.”