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Inside The GSEs

October 27, 2010

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Bailout Analysis Hit for Data, Assumptions

With third quarter earnings results right around the corner for Fannie Mae and Freddie Mac, the Federal Housing Finance Agency last week released a range of projected draw-downs the GSEs could take from the U.S. Treasury under three different home price scenarios constructed by Moody’s. However, given... Read More

Chicago, Indy FHLBs Sue Over MBS Losses

The Federal Home Loan Bank of Chicago and the Indianapolis FHLBank recently joined a number of their siblings in the FHLBank System in taking legal action against some of their big investment bank partners that sold them non-agency mortgage-backed securities that became... Read More

Top GSE Lenders Far Below Conforming Loan Limit

Much ado has been made over just how high the “GSE jumbo” loan limit should be, given the current state of the housing market and the mortgage lending environment. However, an analysis based on the GSE MarketScope database, a new monthly service provided by Inside Mortgage Finance Publications, finds...[Includes one data chart] Read More

GSE Repurchases Keep Rising at Top Lenders

Top mortgage lenders continued to see their repurchase requests rise during the third quarter, with the bulk of the put-backs still coming from Fannie Mae and Freddie Mac. Bank of America saw the bigger increase during the third quarter. BofA had an eye-popping... Read More

Freddie, NY Fed Press BofA Over Countrywide MBS

Freddie Mac and the Federal Reserve Bank of New York were among the investors in non-agency mortgage-backed securities originally issued by Countrywide Financial, now owned by Bank of America, to file a formal complaint with Bank of New York, the trustee of the transactions, alleging... Read More

GSE HAMP Starts, Completed Loan Mods Drop

The latest GSE foreclosure prevention and refinance report from the Federal Housing Finance Agency suggests the help that Fannie Mae and Freddie Mac have brought to struggling homeowners may have peaked this spring. For instance, home retention actions by the GSEs peaked... Read More

COP Faults Fannie, Freddie HAMP Performance

Fannie Mae and Freddie Mac came under criticism earlier this month from the Congressional Oversight Panel over their respective performances under the Obama administration’s Home Affordable Mortgage Program. Fannie is basically... Read More

FHFA OKs Seattle FHLBank Capital Plan, Axes its CEO

The long and winding road the Federal Home Loan Bank of Seattle has been taking back to solid financial footing appears to have its destination in sight. The Federal Housing Finance Agency and the Federal Home Loan Bank of Seattle Board of Directors this week agreed... Read More

News In Brief

The Federal Home Loan Banks are in general agreement with a Federal Housing Finance Agency proposal to resolve disputed enforcement actions against any of the GSEs. In early August, the FHFA issued a notice of proposed rulemaking and request for comment, proposing... Read More

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