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Inside The GSEs

January 12, 2011

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GSE Policy Solution Cost May Prove Central

The fates of Fannie Mae, Freddie Mac and the Federal Home Loan Banks and the future of housing finance in the United States will probably come down to the overall price of the final package of reforms, according to some top policy analysts. “We continue to believe... Read More

Membership Criteria May be Ratcheted Up

Financial institutions looking to become members of their regional Federal Home Loan Bank may be required to make a more consistent commitment to the historic mission of the FHLBanks in the future than has previously been the case. That’s likely to have... Read More

GSE MBS Volume Surged in Late 2010

Fannie Mae and Freddie Mac processed a surge in mortgage-backed securities issuance during the fourth quarter of 2010, but current indicators suggest the production boom is already fading. The two GSEs issued $331.5 billion in single-family MBS during the final three months of the year, a 32.6 percent increase over the third quarter. It was...[Includes one data chart] Read More

Judicial Watch Keeps Pushing for FHFA Documents

Judicial Watch, a conservative, non-partisan public interest group in Washington, DC, is continuing to press for the release of all documentation related to the federal government’s decision to place Fannie Mae and Freddie Mac into conservatorship, rather than receivership. “Thanks to the Fannie/Freddie bailout, the Obama administration has... Read More

Ex-Fannie Computer Contractor Gets Prison Term

U.S. District Judge J. Frederick Motz recently sentenced computer programmer Rajendrasinh Babubhai Makwana, age 36, of Montgomery County, Maryland, a former contractor at Fannie Mae, to 41 months in prison, for computer intrusion arising from the alleged transmission of malicious script to Fannie’s computer servers. Upon completion... Read More

GSE Portfolios to Come in For a Landing

The once high-flying retained portfolios of Fannie Mae and Freddie Mac have officially been placed on course to eventually return to Earth at a minimal level – at least as long as the GSEs remain subject to their Senior Preferred Stock Purchase Agreements with the Treasury Department. Under the provisions of a new final rule issued... Read More

FHLBs Suggest Alternative to NRSROs for AMA Reg

As the Federal Housing Finance Agency moves to implement one aspect of the Dodd-Frank Wall Street Reform and Consumer Protection Act as it relates to the credit risk management of Acquired Member Assets, eight of the Federal Home Loan Banks are proposing moving away from a credit rating-based approach to a more principles-based approach. “Given... Read More

News in Brief

Basel III to Have Big Effect On Fannie, Freddie, FHLBanks The final Basel III global capital rules will have a significant impact on Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks, according to a new analysis by Federal Financial Analytics, a private think-tank in Washington, DC. “This comes... Read More

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