Edward J. DeMarco, Acting Director of the Federal Housing Finance Agency (FHFA) has responded to an announcement from the House Financial Services Committee regarding HR 1221, The Equity in Government Compensation Act of 2011 . The bill would strip compensation packages of senior executives at Freddie...
The Federal Housing Finance Agency ( FHFA ), conservator for Freddie Mac and Fannie Mae (the Enterprises) said on Thursday that, while modifications of loans tied to the Enterprises declined in the second quarter of 2011, those modifications continue to be robust . Voluntary home forfeiture actions,...
The Federal Housing Finance Agency (FHFA) has approved agreements reached by Freddie Mac and Fannie Mae (the Enterprises) with two of the enterprises' counterparties, Bank of America (BofA) and Ally Financial Capital, LLC . The agreement with Ally also resolves a dispute between Fannie Mae and GMAC with...
The Federal Housing Finance Agency (FHFA), conservator of Freddie Mac and Fannie Mae (the Enterprises) has established its final housing goals for the Enterprises in 2010-2011. FHFA is required by the Housing and Economic Recovery Act of 2008 (HERA) to set such goals for targeted segments of the mortgage...
The Federal Housing Finance Agency (FHFA) has issued subpoenas to 64 companies seeking loan documents and other information related to private-label mortgage-backed securities (PLS). The PLS are those that the two government sponsored enterprises (GSEs) Freddie Mac and Fannie Mae invested in during the...
The Federal Housing Finance Agency (FHFA) submitted a 180 page Report to Congress on Tuesday detailing the findings of the agencies 2009 examination of Fannie Mae, Freddie Mac, the Federal Home Loan Banks (FHLBanks), and the Office of Finance. The Report, submitted by Acting FHFA Director Edward J. DeMarco...
Saying it would enhance the uniformity and depth of collateral, borrower, and loan data, the Federal Housing Finance Agency (FHFA) is gearing up for a new program to improve Freddie Mac and Fannie Mae's data collection standards and processes. The Uniform Mortgage Data Program will be phased in over...
The central goal of the Federal Housing Finance Agency (FHFA) in managing its conservatorship of Freddie Mac and Fannie Mae is and conserving the assets of the corporations by minimizing their credit losses from delinquent mortgages. This goal and others were outlined in a letter earlier this month from...
Federal Housing Finance Agency ( FHFA ) director James Lockhart announced on Tuesday that the FHFA, along with Fannie Mae and Freddie Mac, would be adopting a new, streamlined approach to loan modifications . Lockhart said the loan modification program, which he is asking to be adopted as the industry...