CHLA renews call to allow Fannie Mae, Freddie Mac to rebuild capital – Housing Wire 11/04/16

GSEs reported combined net income of more than $5 billion in 3rd quarter

 

November 4, 2016

by Ben Lane

From the above article in Housing Wire: “The Community Home Lenders Association said that the potential need for another draw from the Treasury could impact the mortgage market’s ability to lend…’CHLA renews its call for FHFA Director Watt to allow the GSEs to retain some profits to establish a modest capital buffer, in the wake of this week’s strong earnings reports by Fannie Mae and Freddie Mac, and a recent Congressional Budget Office report  (by Jacob Gaffney) showing the GSEs have repaid $63 billion more than their original advance,’  Scott Olson, executive director of the CHLA, said this week.

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