Links in “Fannie Mae/Freddie Mac/Ginnie Mae”
- Credit Unions Rely Significantly on GSEs
Recent NAFCU survey shows that credit unions rely to a greater extent than banks on the GSEs as a source of liquidity since banks have more options to hedge against interest rate risk; approximately half of the respondents stated that the elimination of the GSEs would significantly affect their ability to offer mortgage loans. [8/16]
- Moody’s Analysis of GSE Reform: Don’t Hold Your Breath
Analysts at Moody's believe that, despite policymakers efforts to introduce legislation to diminish the role of the government-sponsored enterprises, GSEÂ reform will not take place for at least a few more years. [7/30]
- Floor Vote on Fannie Mae and Freddie Mac
A bill that would eliminate Fannie Mae and Freddie Mac faces a floor vote today in the House; passage uncertain due to a provision that would lower the limit for conforming mortgage loans. [7/25]
- ICBA Testifies Against Allowing Large Banks to Become New Fannie Mae and Freddie Mac
Testifying before Senate committee on housing reform, ICBA argues that the worst outcome in reforming the housing-finance government-sponsored enterprises would be to allow a small number of the largest financial firms to mimic the size and scale of Fannie Mae and Freddie Mac under the pretense of creating less risk in a private-sector solution. [7/24]
- Is It the End of Fannie Mae and Freddie Mac?
That could be the decision of the House Financial Services Committee when it votes tomorrow on whether to mostly privatize the secondary mortgage market by doing away with Fannie Mae and Freddie Mac; Democrats, who oppose the bill, are concerned that it would seriously limit mortgage options for lower and middle class consumers. [7/22]
- Bill: Fannie Mae, Freddie Mac to be Replaced by New Mortgage Guarantor
New Senate bill, the Housing Reform Taxpayer Protection Act, would wind down Fannie Mae and Freddie Mac and replace them with a new mortgage guarantor, the Federal Mortgage Insurance Corporation (FMIC); winding down process would take five years and mortgage lenders would not be required to submit loans to FMIC unless they want the government guarantee. [6/26]
- Death of Fannie & Freddie Proposed
Will logic prevail or will the future be business as usual? The argument begins. [6/25]
- Reversal: No Minimum Activity Fee for Credit Unions
Freddie Mac announces it will not charge credit union mortgage sellers and servicers a fee if they donât meet minimum activity levels provided they handle at least one Freddie Mac loan over a 3-year period; fee was scheduled to go into effect 1/1/14. [6/24]
