Advanced Search

Volume 17 - Number 25

December 15, 2017

GSE Jumpstart Reauthorization Act Could Suspend HTF Contributions

Fannie Mae and Freddie Mac would be barred from making contributions to the Housing Trust Fund if Federal Housing Finance Agency Director Mel Watt decides to forgo sending dividend payments to the Treasury under a bill approved this week by the House Financial Services Committee. The GSE Jumpstart Reauthorization Act of 2017 (H.R. 4560) would also extend an existing prohibition on the Treasury Department from selling its shares in the GSEs without congressional approval. That ban, currently due to sunset at the end of this month, would be extended to Dec. 31, 2018. The bill, introduced on Dec. 6 by Rep. French Hill, R-AR, would suspend Fannie Mae and Freddie Mac...

Subscribers to Inside The GSEs have full access to all its stories and data online. Visitors may become subscribers for full access or may purchase individual articles and data.

Subscriber Log In

If you are a current subscriber or already purchased this article, please login below.

Forgot your password?

Already subscribe but haven't registered for all the benefits of the website?

Subscribe

This biweekly covers the housing-related government-sponsored enterprises with experienced, expert analysis.

 

Pay-Per-View

You can purchase this article for $55.00 without subscribing and always have access to it on insidemortgagefinance.com.

Pay Per View

Please contact Customer Service if you need assistance: 1-800-570-5744

Poll

With mortgage production down noticeably this year from 2017, how many lenders might disappear via M&A or failure during the next 12 months?

10% or less. It’s not that bad out there.
11% to 25%. It’s a challenging market.
25% to 40%. It’s going to be very ugly.
No opinion.

vote to see results