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| Volume 7 - Number 10 | May 14, 2008 | | | |
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GSEs Scramble to Show They’re Responding
Fannie Mae and Freddie Mac are making some concessions and unveiling some new initiatives in response to criticism from the mortgage industry and many lawmakers that they aren’t doing enough to help the struggling housing and credit markets. But skeptics contend...
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FHLBank Provisions Pass in House Vote
Legislative provisions that would expand the capabilities of the Federal Home Loan Banks passed the House of Representatives last week as part of a much larger bill intended to bolster the troubled housing market. Late Thursday afternoon...
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FHLBank Debt Issuance Sets New April Record
Debt issuance by the Federal Home Loan Banks continues to move into record territory this year, setting a new April high with $220.24 billion. That represents a 153 percent increase over the same period last year, based on the latest... [Includes one chart]
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Dodd Unveils Bill, But Shelby Not On Board
Sen. Chris Dodd, D-CT, chairman of the Senate Committee on Banking, Housing and Urban Affairs, has finally released a draft housing bill that includes comprehensive GSE reform, and has scheduled a vote on it for later this week when his panel meets...
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Senate Republicans Eye Fannie Accounting, Capital
Four key Republicans on the Senate Banking, Housing and Urban Affairs Committee are questioning the extent to which Fannie Mae is reporting its losses, as well as the adequacy of the GSE’s effort to raise more funds via stock offerings...
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Fannie, Freddie Debt Activity Flat in 1Q08
Fannie Mae and Freddie Mac saw a small rebound in debt activity in the fourth quarter of 2007, but the momentum didn’t last, as the pair’s combined debt outstanding slipped 0.2 percent in the first quarter of 2008, from $1.581 trillion to... [Includes one chart]
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Permanent GSE Loan Limit Increase Passes House
The effort to make permanent the temporary loan-limit increase granted to Fannie Mae and Freddie Mac for jumbo mortgages in high-cost areas quickly gathered momentum in the last two weeks. Legislation was introduced in the House of Representatives on...
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GSE Jumbo Securitization Has Begun
Fannie Mae and Freddie Mac have begun securitizing the new conforming jumbo mortgages, but criticism is rising from public policymakers who say GSE support of the jumbo sector has been too little, too slow. In April, Fannie issued two mortgage-backed...
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OTS, Industry Groups Fault OFHEO in Appraisal Deal
The Office of Federal Housing Enterprise Oversight took some pointed criticism for the agreement the agency and the New York Attorney General’s office struck with Fannie Mae and Freddie Mac over industry appraisal practices. A review by Inside The GSEs of a...
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News In Brief
Earnings Up at Pittsburgh FHLB, But Down at Cincinnati: The Federal Home Loan Banks of Pittsburgh and Cincinnati had different stories... FHLB Chicago Promotes Feldman to President, CEO: The Federal Home Loan Bank of Chicago’s board of directors has promoted...
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