Links in “Fannie Mae/Freddie Mac/Ginnie Mae”
- DDoS Attack Hits Core System Provider
Distributed denial of service attack strikes Ellie Mae, a provider of core operating systems to mortgage originators, for two days last week. Attack comes on the heels of an FFIEC warning to financial institutions about DDoS attacks. [4/7]
- RIP Fannie Mae and Freddie Mac?
Rep. Maxine Waters (D-Calif.) proposed a bill for housing finance reform which she calls the "Housing Opportunities Move the Economy (HOME) Forward Act of 2014." Among many other implementations, this legislation would establish a Mortgage Securities Cooperative that would replace Fannie Mae and Freddie  Mac. [3/28]
- 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]
- FinCEN Goes Official on GSEs
Federal Register provides details on FinCEN new requirements for GSEs (Fannie Mae, Freddie Mac, etc.) to require AML-program-like requirements and monitoring. Impact on mortgage lending to be seen. [2/25]
- New Bill Expected Soon on GSEs
The Senate Banking Committee is reportedly close to introducing a new bill on housing reform. The anticipated bipartisan effort would require an unwinding of Fannie Mae and Freddie Mac. [2/17]
- Watchdog: Fannie, Freddie Inconsistent on Charging Late Fees
Inspector General's office finds that Fannie Mae and Freddie Mac lack consistent policies on charging late fees on outstanding loan repurchase requests. [2/13]
- 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]
- 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]
- White House Calls for More Private Participation in Housing Market
White House representative criticizes the notion of an âimplicit government guaranteeâ for the housing market, instead calling for a market that is driven by private capital, with GSEs as a backstop only after private capital is exhausted. [12/4]
