Links in “FHFA”
- Credit Suisse’s Turn: Settlement with FHFA Comes in at $885 Million
The deal settles lawsuits by the Federal Housing Finance Agency over loans sold to Fannie Mae and Freddie Mac. The Swiss lender was among 18 lenders sued by the FHFA to recoup losses on $200 billion in mortgage backed securities. [3/24]
- FHFA’s Inspector General: Need to Tighten Ship on Overseeing Services
Watchdog finds FHFA not sufficiently enforcing its rules to ensure services respond to borrower requests for assistance within specified timeframes and meeting established procedures and deadlines for loan modifications and foreclosures. [2/14]
- FHFA Makes G-Fees Delay Official
FHFA's new director, Melvin Watt, who was sworn in on Monday, follows through on his plan to delay implementation of planned changes to the guarantee fee structure announced by his predecessor in early December. [1/9]
- New FHFA Director Sworn In
Mel Watt was sworn in to head the Federal Housing Finance Agency, the agency created in 2008 in response to the housing crisis. [1/7]
- FHFA’s Settlement Haul from 2013: $8 Billion
Federal Housing Finance Agency, conservator of Fannie Mae and Freddie Mac, recovered nearly $8 billion in settlements with six institutions last year. Agency says it's not done yet. [1/6]
- FHFA Completes 3 Million Foreclosure Preventions
Federal Housing Finance Agency announces Fannie Mae and Freddie Mac have completed more than 3 million foreclosure prevention actions since the start of their conservatorship in September 2008. [1/2]
- Watt Delays G-Fees Increase
Mel Watt, who is set to take the reins at FHFA January 6, said he intends to delay implementation of the agencyâs guarantee fees and risk-based pricing plan for Fannie Mae and Freddie Mac. The increases spelled a likely hike in mortgage rates, causing an outcry from some groups. [12/31]
- Mortgage Fee Increases Delayed
New Federal Housing Finance Director, Mel Watt, announced on Friday that he plans to delay implementation of planned mortgage fee increases. The FHFA had announced earlier this month a plan for a 10-basis point increase in guarantee fees (g-fees), along with an increase to the loan-level price adjustment. [12/23]
- FHFA Proposes to Lower Loan Limits 4%
Agency seeks comments on plan to reduce maximum size of loans that Fannie Mae and Freddie Mac can purchase from mortgage lenders by 4% to $400,000 for most purchases and $600,000 in high-cost areas. [12/17]
- With Filibuster Rule Busted, Watt’s Confirmation Sails Through
After his nomination stalled in the Senate earlier this year due to Republican opposition, Rep. Mel Watt is confirmed to lead the Federal Housing Finance Agency in a Senate vote of 57-41. [12/11]
