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News stories about GSEs

 
Nov 5, 2015  9:50 ET
Fannie Mae reports $2 billion quarterly profit
Mortgage giant Fannie Mae’s net income dropped by more than half in the third quarter, but will still pay a $2.2 billion dividend to the U.S. Treasury. The government-sponsored enterpris...
Nov 4, 2015  13:20 ET
Former Ginnie Mae CEO says 'the status quo' will trump GSE reform
The former top gun for Ginnie Mae said this week that the Obama Administration’s unwillingness to take Fannie Mae and Freddie Mac out of conservatorship is part of a “deliberate strategy,” and he al...
Nov 3, 2015  10:35 ET
Freddie Mac loses $475 million in third quarter
Freddie Mac reported its first quarterly loss in four years and will not make a payment to the U.S. Treasury. The government-sponsored enterprise had a net loss of $475 million. Freddie ...
Sep 16, 2015  13:50 ET
Banking groups expect to fight 'g-fee' raids this fall
Housing and banking groups are gearing up for fights this fall over the use of money collected by Fannie Mae and Freddie Mac to insure mortgage-backed securities. Guarantee fees, or g-fe...
Aug 26, 2015  13:55 ET
Advocates: New affordable-housing targets on GSEs fall short
Housing advocates say they are disappointed with new federal targets for single-family home loan originations. Advocates told Scotsman Guide News that the Obama Administration missed an opportuni...
Aug 19, 2015  16:55 ET
GSEs expand support for low-income housing
Fannie Mae and Freddie Mac will be required to back more loans for low-income housing, their federal regulator said Wednesday. The targeted amount of low-income home-loan purchases a...
Aug 14, 2015  17:05 ET
Manufactured home industry pushes for GSE-backed loan programs
The manufactured-housing industry wants Fannie Mae and Freddie Mac to be required to fund higher-risk loans most commonly used to purchase mobile homes. Industry representatives said this w...
Jul 30, 2015  11:30 ET
House committee passes bill to kill $3.4 million pay raises for Fannie and Freddie CEOs
The chief executive officers of Fannie Mae and Freddie Mac could soon have the $3.4 million raises approved in July yanked away. The House Financial Services committee was nearly unanimo...
Apr 21, 2014  14:10 ET
Fannie and Freddie downgrade home-sale projections
Freddie Mac and Fannie Mae, the two top movers in the residential housing market, have downgraded home-sale expectations in 2014 because of a slow start to the year and tight inventories. ...
Mar 31, 2014  12:45 ET
FHA will end controversial interest-payoff policy
The Federal Housing Administration (FHA) has agreed to end an unpopular practice of charging up to a full-month’s interest on FHA insured loans regardless of when in the month the principal was paid...
Mar 31, 2014  17:50 ET
Fannie will soon fine servicers for inaccurate reports
Fannie Mae has put servicers on notice that it will begin issuing warnings and fines for late or inaccurate reports.  Effective May 1, Fannie will start assessing fees for losses and dam...
Mar 21, 2014  15:20 ET
Johnson-Crapo plan would kill Fannie and Freddie in five years
Senate banking committee leaders announced a plan on Tuesday to wind down Fannie Mae and Freddie Mac within five years. “There is near unanimous agreement that our current housing finance system is...
Mar 28, 2014  3:45 ET
House Democrat proposes a new bill to wind down Fannie and Freddie
A ranking Democrat in the U.S. House of Representatives has introduced a new plan to overhaul the system of housing finance and wind down Fannie Mae and Freddie Mac. Congresswoman Maxine...
 

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Questions? Contact Chief Reporter Arnie Aurellano at (425) 984-6019 or arniea@scotsmanguide.com

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