The former Credit Suisse executive will replace J. Douglass Watt, who is retiring in November.

The timing of credit-related benefits and losses affected the profits of Fannie and Freddie in the first half of 2022. (Includes data chart.)

The former FHFA director said, given the Federal Reserve’s commitment to fight inflation, home prices could fall by double digits in percentage terms over the next few years.

Conservative economist Douglas Holtz-Eakin said the Federal Reserve’s exit from the MBS market is helping drive up interest rates in the affordable housing space. The remedy, he said, is GSE reform.

During a recent congressional hearing, FHFA Director Sandra Thompson said the agency will conduct a 90-year lookback as well as a forward-looking analysis of the FHLBank system.

The two transactions leave insurers on the hook for a combined $1.02 billion in losses.

HR veteran Katie Jones has joined the enterprise from PRA Group, a global debt collections firm based in Virginia.

At the first of three planned listening sessions, FHFA heard that for-profit investors increasingly use litigation to pressure nonprofit affordable housing developers to sell LIHTC-funded properties at minimal prices.

The number of loans in Fannie and Freddie portfolios that are less than two years delinquent nearly tripled in 2021, courtesy of COVID.

Over the past two years, Fannie estimates its single-family green MBS program has saved over 45 billion BTUs of energy.