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

Josh Rosner and Glen Corso on why it’s time for true GSE reform

CMLA Advocacy, Legislation

Seven years after the mortgage crisis, and the placing of Fannie Mae and Freddie Mac into conservatorship under the independent federal agency, the Federal Housing Finance Agency, the Obama administration still must address the issues that are of great importance to consumers seeking to buy a home, lenders who seek to finance those purchases and the future viability of the U.S. mortgage market. Read more…. …

CMLAJosh Rosner and Glen Corso on why it’s time for true GSE reform