As capital dwindles, trouble looms for Fannie Mae and Freddie Mac

CMLA Advocacy, Regulatory

Federal Housing Finance Agency (FHFA) Director Mel Watt recently delivered two direct messages to Congress: First, it is dangerous to operate the two institutions that undergird half of the U.S. mortgage market and support over $5 trillion in mortgage backed securities with little to no capital. Second, as the safety and soundness regulator, he intends to take steps to reverse …

CMLAAs capital dwindles, trouble looms for Fannie Mae and Freddie Mac

Freddie Reports Loss–CMLA Renews Call for GSE Recap

CMLA Press Release, Regulatory

CMLA Executive Director Glen Corso, in a statement released to the media, said: “On behalf of our small- and independent mortgage lender members, the CMLA urges FHFA Director Mel Watt to immediately address the risk posed by inadequate capital for Fannie Mae and Freddie Mac. Running a major portion of the U.S. housing finance system on a diminishing level of …

CMLAFreddie Reports Loss–CMLA Renews Call for GSE Recap