Ex-FHFA Chief Calabria warns of Fannie, Freddie risk
Ex-FHFA Chief Calabria warns of Fannie, Freddie risk
Mark Calabria, who oversaw the two government giants under Trump and was fired by the Biden administration, said in a recent interview that the government-sponsored enterprises are once again at risk of insolvency.
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Mark Calabria, who oversaw the two government giants under Trump and was fired by the Biden administration, said in a recent interview that the government-sponsored enterprises are once again at risk of insolvency.
Mark Calabria, who oversaw the two government giants under Trump and was fired by the Biden administration, said in a recent interview that the government-sponsored enterprises are once again at risk of insolvency.
Looking to provide more transparency into home valuations, the Federal Housing Finance Agency is making available to the public the Uniform Appraisal Dataset records compiled by the government-sponsored enterprises.The data is drawn from 47.3 million appraisal records collected from 2013 through the second quarter of 2022 on single-family properties in a manner that protects borrower privacy. In addition, FHFA is offering UAD Aggregate Statistics Dashboards on its website to provide user-friendl...
Looking to provide more transparency into home valuations, the Federal Housing Finance Agency is making available to the public the Uniform Appraisal Dataset records compiled by the government-sponsored enterprises.The data is drawn from 47.3 million appraisal records collected from 2013 through the second quarter of 2022 on single-family properties in a manner that protects borrower privacy. In addition, FHFA is offering UAD Aggregate Statistics Dashboards on its website to provide user-friendl...
This trillion-dollar industry is a national utility that should be insulated from impulses and inequities within the private market.
The post Opinion: Why we should regulate GSEs as public utilities appeared first on HousingWire.
This trillion-dollar industry is a national utility that should be insulated from impulses and inequities within the private market.
The post Opinion: Why we should regulate GSEs as public utilities appeared first on HousingWire.
The government-sponsored enterprises will start releasing information similar to what large banks already do, starting in the first quarter of 2023.
The government-sponsored enterprises will start releasing information similar to what large banks already do, starting in the first quarter of 2023.
Evolve Mortgage Services, an outsourcing solutions provider and developer of eMortgage tools and platforms, appointed housing policy expert and economist Mark Calabria, a former director of the Federal Housing Finance Agency, to its advisory board. Appointed by then-President Donald Trump to the helm of the FHFA, Calabria guided the agency through the first year of the COVID-19 pandemic. During his tenure, he argued for fewer homebuilding regulations and increased secondary market competit...
Evolve Mortgage Services, an outsourcing solutions provider and developer of eMortgage tools and platforms, appointed housing policy expert and economist Mark Calabria, a former director of the Federal Housing Finance Agency, to its advisory board. Appointed by then-President Donald Trump to the helm of the FHFA, Calabria guided the agency through the first year of the COVID-19 pandemic. During his tenure, he argued for fewer homebuilding regulations and increased secondary market competit...
WASHINGTON — House Republicans called on the director of the Federal Housing Finance Agency to bolster its oversight of Fannie Mae and Freddie Mac, urging the regulator to take more steps to ensure the government-sponsored enterprises do not overstep their legal bounds. In a letter addressed to FHFA Director Sandra Thompson, Republicans led by Rep. French Hill of Arkansas suggested that the undercapitalization of Fannie and Freddie posed a considerable risk to the broader financial system....
WASHINGTON — House Republicans called on the director of the Federal Housing Finance Agency to bolster its oversight of Fannie Mae and Freddie Mac, urging the regulator to take more steps to ensure the government-sponsored enterprises do not overstep their legal bounds. In a letter addressed to FHFA Director Sandra Thompson, Republicans led by Rep. French Hill of Arkansas suggested that the undercapitalization of Fannie and Freddie posed a considerable risk to the broader financial system....
Fannie Mae and Freddie Mac, the government-backed mortgage companies, would face a combined credit loss of more than $17 billion under this year's stress test scenario.Despite the losses, both enterprises are sufficiently capitalized to withstand the financial shocks of a severe recession, according to the Federal Housing Finance Agency, which administers the annual test in accordance with Dodd-Frank requirements.Fannie Mae performed better under the 2022 scenario than it did last year, register...
Fannie Mae and Freddie Mac, the government-backed mortgage companies, would face a combined credit loss of more than $17 billion under this year's stress test scenario.Despite the losses, both enterprises are sufficiently capitalized to withstand the financial shocks of a severe recession, according to the Federal Housing Finance Agency, which administers the annual test in accordance with Dodd-Frank requirements.Fannie Mae performed better under the 2022 scenario than it did last year, register...
Former FHFA director Mark Calabria has joined the advisory board at Evolve Mortgage, where he is to guide leadership during a one-year term.
The post Former FHFA head Mark Calabria to join Evolve Mortgage Services board appeared first on HousingWire.
Former FHFA director Mark Calabria has joined the advisory board at Evolve Mortgage, where he is to guide leadership during a one-year term.
The post Former FHFA head Mark Calabria to join Evolve Mortgage Services board appeared first on HousingWire.
Affordability initiatives, including special-purpose credit programs, and risk management are at the forefront of both government-sponsored enterprises' priorities as the year ends, leaders said at the Mortgage Bankers Association annual convention in Nashville on Monday.Following the announcement of Freddie Mac's intent to offer a special-purpose credit program aimed at increasing homeownership in the Black population, Fannie Mae Interim CEO David Benson said his organization had recently intro...
Affordability initiatives, including special-purpose credit programs, and risk management are at the forefront of both government-sponsored enterprises' priorities as the year ends, leaders said at the Mortgage Bankers Association annual convention in Nashville on Monday.Following the announcement of Freddie Mac's intent to offer a special-purpose credit program aimed at increasing homeownership in the Black population, Fannie Mae Interim CEO David Benson said his organization had recently intro...