U.S. lawmakers’ bills add Ginnie to mortgage mix
Measure would expand Ginnie Mae’s role to let the agency insure private mortgages
Yahoo.com August 27
Under Investigation
Freddie Mac to investigate serious allegations of loan origination improprieties and fraud
MortgageDaily.com August 22
Cashouts Rise
Freddie study indicates 57% of refis include cashout
MortgageDaily.com August 21
Fannie Mae’s risk measures mostly lower in July
The durations of Fannie’s assets including mortgages it buys from lenders and the debt securities that it issues to raise money to buy mortgages were evenly matched in July
Yahoo.com August 14
Fannie Mae mortgage portfolio grows 24 pct in July
Fannie forecast that SFR loans will reach a record $1.63 trillion in 2001
Yahoo.com August 14
U.S. mortgage agency standard called state-of-the-art
Armando Falcon, Jr. said he would want a chance for public discussion if there were to be changes to the way mortgage insurers with different credit ratings are treated under the rule
Yahoo.com August 1
Electronic mortgages: Freddie Posts e-Mortgage Guidelines
Specifications address several topics that cover borrower consent, mortgage execution, document format, delivery and integrity, records management, document access, transferable records, representations, warranties and contract terms
TheBankingChannel.com August 1
Who Gains From Fannie’s And Freddie’s Internet?
GSE’s are mortgage technology leaders
TheBankingChannel.com July 27
Changes in U.S. mortgage system may increase rivalry
Increased direct mortgage acquisition by the 12 Federal Home Loan Banks could benefit borrowers by creating products to rival those of Fannie and Freddie
Yahoo.com July 23
Insurers seek change in U.S. mortgage company rule
OFHEO risk-based capital rule requires GSE’s to put up 7 cents per $100 of capital against their exposure to AAA mortgage insurers and 20 cents per $100 for AA insurers
Yahoo.com July 23
Real estate law
Is Freddie Mac liable for its loan servicers’ errors?
Inman.com July 18
U.S. mortgage firm sees capital standard affecting risk
Freddie to focus on reduced risk instead of increased capital
Yahoo.com July 17
Fannie, Freddie seek to slow capital regulation
Freddie Mac said that only between 10-20% of OFHEO’s computer code had been provided and that the 1-year period the GSEs will have to meet the standard after it is published would probably be insufficient
Yahoo.com July 13
How should Fannie, Freddie be regulated?
NAR, CAGW testify before Congressional subcommittee
Inman.com July 11
U.S. lawmaker wants competition for Fannie, Freddie
Rep. Baker shifting focus from oversight to competition
Yahoo.com July 10
Letter From CBO Director Dan L. Crippen To Fannie Mae CEO Franklin Raines
Director addresses crticisms lodged by Fannie about CBO study
MortgageDaily.com July 5
How Fannie Mae gave the slip to adversaries seeking
to rein it in
While heavily Democratic, Fannie has Republican ties as well
SFGate.com July 5
Freddie, Fannie Stress Web AU Developments
Freddie’s LoanProspector.com to allow brokers to reassign an LP decision from one wholesale lender to another without imposing a $20 reassignment fee
TheBankingChannel.com July 3
Is Freddie Mac liable for loan servicers’ errors?
Judge concludes that because alleged loan servicing breaches were not committed by Freddie Mac but by its loan servicers, Freddie is not liable for breaches
SFGate.com July 1
Mortgage agency regulator taps veteran as deputy
OFHEO named former chief national bank examiner and career bank regulator official Jimmy Barton as its deputy director
Yahoo.com June 28
US budget office deadline on mortgage agency test near
Franklin Raines has described the doomsday economic scenario as akin to a “nuclear winter”
Yahoo.com June 26
Georgie Mac?
Bush administration mulling more GSE’s to compete with Fannie/Freddie
MortgageDaily.com June 25
Fannie and Freddie Claim Rising Share of
Multifamily Loan Market
Report by Ann Schnare, former Freddie Mac executive
TheBankingChannel.com June 22
New capital rules should calm critics-Freddie Mac
OMB is due to publish standards for capital and risk for the so-called government-sponsored enterprises by the end of June
Yahoo.com June 20
Affordable housing seen impacted by accounting rule
Fannie Mae and Freddie Mac warned earlier this month that the new rule, known as Rule 140, would make it more difficult to raise money to finance multifamily housing.
Yahoo.com June 20
Freddie Mac retained portfolio grows 18 pct in May
It was the third straight month that Freddie Mac’s mortgage portfolio growth rate declined
Yahoo.com June 19
Senate panel chair-no need for mortgage agency change
Sarbanes said he saw no need for further hearings in the near future to examine the adequacy of federal oversight over the mortgage finance companies
Yahoo.com June 19
Fannie Chairman: Web’s a Medium, Not the Medium
Raines said the Internet is just “one channel” and that some dot-com companies severely limit themselves by limiting originations to the Web
TheBankingChannel.com June 14 (registration required)
Fannie Mae Change To Impact Credit Picture
Single credit report may hurt consumers as much as help them
RealtyTimes.com June 11
Hawaii Mortgage Discounts Draw Envy As States Lobby for Similar Loan Terms
Conforming loan limit in Hawaii, Alaska, the Virgin Islands and Guam is $412,500: California seeking same limits
WSJ.com June 11 (subscription required)
U.S. lawmaker to keep pressure on Fannie, Freddie
Baker: “(Sarbanes) would merely like to wait on the results of the capital adequacy test that OFHEO has promulgated before moving to consideration of the regulatory structure”
Yahoo.com June 6
CEO’s of Wells Fargo & American International say GSE’s Made Threats
Wall Street Journal also reports that J.P. Morgan Chase & Co. executive made similar comment
MortgageDaily.com March 8
