Successive OIG reports have found chronic deficiencies in FHFA’s internal controls and in its supervision of the GSEs. The latest report is more of the same.
A new standardized structure for capital and risk-management disclosures will make it easier to compare Fannie and Freddie to one another and to other large financial institutions.
Fannie issues its first CAS deal in nearly a year and a half, following a decision by FHFA Acting Director Sandra Thompson to double the capital relief available for CRT transactions.
Depending on how you count, Fannie/Freddie loan guarantees in 2022 will either generate almost $30 billion in lifetime savings for the federal government or result in a $5.5 billion loss.
Federal Reserve Governor Michelle Bowman said the Fed’s asset purchases could end in mid-2022. The reason: The costs of quantitative easing may now outweigh the benefits.