May 31, 2016 The Honorable Mel Watt, Director Federal Housing Finance Agency 400 7th Street, SW Washington, D.C. 20219 Dear Director Watt: Our organizations are deeply concerned that under the Preferred Stock Purchase Agreements with the Treasury Department, the capital buffers of Fannie Mae and Freddie Mac will be … Continue reading
Letters to the Editor Don’t reform Fannie Mae and Freddie Mac into the grasp of Wall Street and big banks June 7, 2016 Regarding the June 4 editorial “A financial zombie”: The policy choice we face is simple: Either turn over the securitization and mortgage markets for government-guaranteed mortgage loans … Continue reading
CHLA Lauds Passage of Transitional Licensing Bill Legislation Underscores Need for Separate Action on a Universal SAFE Act Test Contact: Scott Olson For Immediate Release (571) 527-2601 May 23, 2016 The Community Home Lenders Association (CHLA) praised the House of Representatives today for its approval today, by voice vote, of H.R. 2121, … Continue reading
June 1, 2016 As reported by Brian Collins in National Mortgage News, a number of civil rights, community development, and small lender groups wrote FHFA Director Watt urging action to recapitalize the GSEs by suspending dividends in order to create a GSE capital buffer. Click Here for full article.
Compass Point analysts set odds of additional cut at 60% June 1, 2016 by Ben Lane From today’s Housing Wire article: “As for the structure of the cut itself, Compass Point said that based on its conversations, it’s more likely that the FHA will cut its annual mortgage insurance premium … Continue reading