Cart

Inside The GSEs

October 13, 2010

View Archived Issues

No GSE Foreclosure Moratorium… Yet

The spreading foreclosure fiasco is injecting an added degree of tension into the already-strained relationships Fannie Mae and Freddie Mac have with their top sellers, with the big lenders apparently pushing to have various industry foreclosure moratoriums extended to the GSEs. Meanwhile, Fannie and Freddie want... Read More

FHFA Eyes More Info Sharing Among FHLBs

The Federal Housing Finance Agency has released a notice of proposed rulemaking and request for comment as it seeks to facilitate greater information sharing among the Federal Home Loan Banks about one another’s financial condition. The intention is to give... Read More

GSE Business Rebounds in Third Quarter

Fannie Mae and Freddie Mac issued $249.94 billion in single-family mortgage-backed securities during the third quarter of 2010, a solid 32.9 percent rebound from the previous period. The recent July-September cycle represented the strongest quarter for GSE MBS production since the same period last year, reversing... [Includes one data chart] Read More

Fannie, Freddie Face New SEC Disclosures

Fannie Mae and Freddie Mac appear to face a pending requirement to make new disclosures to investors about representations, warranties and enforcement mechanisms related to their mortgage-backed securities, despite the fact the GSEs’ MBS are not covered... Read More

Higher GSE Loan Limits Extended for Another Year

A number of Congressional Republicans blinked when confronted with a vote on the “GSE jumbo” loan limits that would have either kept Uncle Sam in the jumbo space for the next 12 months, or made a little room for the private sector to ease back into the market. In the end, many members of the Grand Old Party joined their Democrat counterparts to pass... Read More

Legislation Backs FHFA on Private Transfer Fees

The Federal Housing Finance Agency got a show of support from members of Congress recently in its efforts to keep the GSEs from buying, guaranteeing or investing in mortgages encumbered with private transfer fees.Late last month, Rep. Maxine Waters, D-CA, and two other members of the House introduced... Read More

Wall Street Waits for GSE Reform

The mortgage securities industry, now almost completely dependent on Fannie Mae, Freddie Mac and Ginnie Mae, has as much at stake in GSE reform as any other part of the mortgage business. Participants at last week’s ABS East conference sponsored by Information Management Network were more focused... Read More

Fannie Dodges Lawsuit, But Perhaps Not its Ex-Execs

Former Fannie Mae CEO Daniel Mudd and Chief Risk Officer Enrico Dallavecchia may still find themselves on the hook to compensate former Fannie investors who brought suit against the company alleging they were misled about the GSE’s risky subprime and Alt A mortgage investments. Rejecting a list of accusations... Read More

News In Brief

FHLBank Mortgage Purchase Programs Continue to Fade The mortgage purchase programs of the Federal Home Loan Banks continue to see volumes fall as data through the first half of the year confirm a trend underway since 2005. According to new data from the FHLBank Office of Finance, combined Mortgage Partnership Finance Program and Mortgage Purchase Program mortgages outstanding fell... Read More

Latest Imf News

More Imf News

Featured Data

More Featured Data

Featured Reports

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

View Results