The Federal Housing Finance Agency sets new standards for assessing Fannie Mae’s and Freddie Mac’s performance and releases a report assessing its own performance.
Mike Gill was part of the team brought in by former FHFA Director Mark Calabria to prepare CSS to issue securities for potential competitors of Fannie and Freddie.
A partnership with fintech Esusu Finance will allow landlords to automatically forward positive rental payment history to the major credit reporting bureaus.
Market forces and regulatory issues outside the control of Fannie and Freddie may make it difficult for them to achieve the proposed affordable housing benchmarks.
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.