FHFA

Browse articles from all of our Newsletters related to FHFA.

February 22, 2019 - Inside The GSEs

IG Says Former FHFA Head Watt Violated Ethics Rules

Mel Watt violated ethics rules as director of the Federal Housing Finance Agency by attempting to “coerce” a senior manager into a relationship by suggesting he could help her in getting an executive post, according to a just-released report from the agency’s inspector general.


February 22, 2019 - Inside The GSEs

Calabria Touts ‘Recap,’ Downplays ‘Release’

In his testimony before the Senate Committee on Banking, Housing, and Urban Affairs last week, Mark Calabria, President Trump’s nominee to head the Federal Housing Finance Agency, reinforced expectations that, as director, he would begin the long-awaited recapitalization of Fannie Mae and Freddie Mac.


February 15, 2019 - Inside MBS & ABS

HARP Is Gone but High LTV Refis Are Here to Stay

“HARP is dead, long live High LTV Refinance programs!” That’s the title of a recent report by structured finance analysts at Bank of America Merrill Lynch on the impact HARP’s replacements will have on the government-sponsored enterprises’ credit-risk transfer programs.


February 15, 2019 - Inside MBS & ABS

Trade Groups Pro Calabria, Shrug off His Past Comments

Some of the most influential trade groups in housing finance and related industries late this week went on record supporting libertarian economist Mark Calabria to be the next permanent director of the Federal Housing Finance Agency.


February 15, 2019 - Inside MBS & ABS

Calabria Defends Past Views At Confirmation Hearing

At his confirmation hearing before the Senate Committee on Banking, Housing, and Urban Affairs Thursday morning, Mark Calabria, President Trump’s nominee to take over the Federal Housing Finance Agency, said the rumors were true: He did, in fact, discuss plans to recapitalize the government-sponsored enterprises with administration officials.


February 14, 2019 - Inside Mortgage Finance

FHFA Nominee Calabria to Carry Out Intent of Congress

In a remarkable political balancing act during his confirmation hearing Thursday morning, Mark Calabria, President Trump’s nominee to head the Federal Housing Finance Agency, told Senate Banking Committee members they need not worry about his history of controversial and inflammatory remarks on FHFA and the government-sponsored enterprises.


February 8, 2019 - Inside The GSEs

Is Otting’s Appointment at FHFA Illegal?

In a joint letter sent late last month, Maxine Waters, D-CA, chairwoman of the House Financial Services Committee, and Sherrod Brown, D-OH, ranking member of the Senate Banking Committee, raised serious questions about the legitimacy of Joseph Otting’s recent designation as acting director of the Federal Housing Finance Agency.


February 8, 2019 - Inside The GSEs

Calabria FHFA Nomination Hearing Set for Feb. 14

Mark Calabria, the White House nominee to be the next permanent director of the Federal Housing Finance Agency, will get a hearing before the Senate Banking Committee on Thursday, Feb. 14. The SBC released the hearing schedule for Calabria and other nominees late Thursday.


February 1, 2019 - Inside FHA/VA Lending

GSE Reform Outline Issued, Ginnie Mae the Big Winner

An outline for housing finance reform released late this week by Senate Banking Committee Chair Mike Crapo, R-ID, looks a lot like the last gasp reform proposal released in 2018 by Rep. Jeb Hensarling, R-TX, the now retired chair of the House Financial Services Committee. Among other things, the proposal puts Ginnie Mae firmly in control of the government guarantee business.


February 1, 2019 - Inside MBS & ABS

Calabria Confirmation Process Gets More Tangled

Mark Calabria, President Trump’s nominee to lead the Federal Housing Finance Agency, may be looking at a prolonged confirmation process in the Senate, according to industry observers.


January 31, 2019 - Inside Mortgage Finance

Otting’s Appointment at FHFA May Be Illegal

Comptroller of the Currency Joseph Otting has served as acting director of the Federal Housing Finance Agency for just shy of four weeks. But there’s one problem: His appointment may be illegal.


January 25, 2019 - Inside The GSEs

FHFA Will Not Defend its Single-Director Structure

In an about-face, the Federal Housing Finance Agency told the Fifth Circuit of the U.S. Court of Appeals that it will no longer defend the constitutionality of its single-director leadership structureunderthe Housing and Economic Recovery Act, which created the FHFA.


January 25, 2019 - Inside Mortgage Trends

Treasury Eyes GSE Reform, GSE Common on a Bull Run

The share price of Fannie Mae and Freddie Mac common has been on a bull run since late December, more than doubling in price. But how much more gasoline is left in the tank?


January 25, 2019 - Inside MBS & ABS

What are the Odds Calabria Will Get the FHFA Job?

Some Democrats are concerned that FHFA nominee Mark Calabria isn’t the best person to chart the GSEs’ future course. A full Senate confirmation of Calabria could take several months, though.


January 24, 2019 - Inside Mortgage Finance

FHFA Flips, Will No Longer Defend its Constitutionality

The Federal Housing Finance Agency, which regulates Freddie Mac and Fannie Mae, last week said it will no longer defend its single-director leadership structure.


January 11, 2019 - Inside The GSEs

Otting Takes Charge at FHFA

Comptroller of the Currency Joseph Otting early this week became the second member of the Trump administration to simultaneously run two federal agencies when he took charge as acting director of the Federal Housing Finance Agency.


January 11, 2019 - Inside The GSEs

FHFA Modifies FHLB Capital Requirements

The Federal Housing Finance Agency last week announced revisions to its final rules pertaining to capital requirements for Federal Home Loan Banks.


January 11, 2019 - Inside MBS & ABS

Milken Institute Suggests FHFA Reform Sans Congress

Industry observers have generated a steady stream of ideas on how the agency might reform the government-sponsored enterprises administratively rather than wait for Congress.


Poll

Do mortgage lenders really need a new credit-scoring model or is the current FICO system adequate?

It’s fine. Stick with what works.

53%

Time for a change. Borrowers are different today.

35%

Undecided, still assessing the situation.

12%