Freddie Mac
Senate Committee Considers FHFA Director Nomination
The Senate Committee on Banking, Housing and Urban Affairs will consider the nomination of Mark Calabria to head the Federal Housing Finance Agency (FHFA) on Feb. 14 at 10 am ET.
Senate Banking Committee Chairman Crapo Releases Outline for Housing Finance Reform
Senate Banking, Housing and Urban Affairs Committee Chairman Mike Crapo (R-ID) released an outline for housing finance reform legislation. In a statement Chairman Crapo said, “we must expeditiously fix our flawed housing finance system. My priorities are to establish stronger levels of taxpayer protection, preserve the 30-year fixed rate mortgage, increase competition among mortgage guarantors, and promote access to affordable housing.”
FHFA Acting Director Announces Plans to Overhaul Housing Finance System
Joseph Otting, acting director of the Federal Housing Finance Agency (FHFA), told employees that the administration would not wait on Congress to overhaul the nation’s housing finance system. According to remarks obtained by POLITICO at a Jan. 17 FHFA staff meeting Otting said, in the next two to four weeks you’re going to be able […]
GAO Releases Report on Housing Finance Reform
The Government Accountability Office (GAO) issued a new report Housing Finance: Prolonged Conservatorships of Fannie Mae and Freddie Mac Prompt Need for Reform. The report, prepared for Chairwoman of the House Committee on Financial Services Maxine Waters (D-CA) and Congressman Sean Duffy (R-WI), calls on Congress to “consider legislation for the future federal role in housing finance that addresses the structure of the enterprises, establishes clear, specific, and prioritized goals and considers all relevant federal entities, such as FHA and Ginnie Mae.”
Otting named interim FHFA director
President Trump has named Comptroller of the Currency Joseph Otting as acting director of the Federal Housing Finance Agency (FHFA) beginning Jan. 6, after Director Mel Watt’s term ends.
HFSC hearing on Housing Finance Reform
The House Financial Services Committee (HFSC) will hold a hearing on “A Legislative Proposal to Provide for a Sustainable Housing Finance System: The Bipartisan Housing Finance Reform Act of 2018” on Friday, Dec. 21 at 9 a.m. EST in Rayburn House Office Building, room 2128.
Freddie Mac Publishes White Papers on Rural Affordable Housing in Appalachia & Indian Country
Freddie Mac has published two new white papers titled, “Spotlight on Underserved Markets: LIHTC in Rural Middle Appalachia” and “Spotlight on Underserved Markets: LIHTC in Indian Areas.” In the first paper, Freddie Mac explores Middle Appalachia’s multifamily housing market with a special focus on the primary means of developing affordable housing in undeserved markets: the […]
Senate Committee To Hold Oversight Hearing on GSE Pilot Programs
The Senate Committee On Banking, Housing and Urban Affairs will meet in on October 18 to conduct a hearing entitled “Oversight of Pilot Programs at Fannie Mae and Freddie Mac.” The witnesses will be: Ms. Sandra Thompson, Deputy Director, Division of Housing Mission and Goals, Federal Housing Finance Agency; Mr. Timothy J. Mayopoulos, Chief Executive Officer, […]
Freddie Mac Reenters LIHTC Market Via Fund With Enterprise
Freddie Mac announced today it has closed its first Low-Income Housing Tax Credit (LIHTC) Fund with Enterprise Community Investment, Inc. and its first equity investment within that fund.
FHFA Seeks Input on Duty to Serve Plan Modifications
The Federal Housing Finance Agency (FHFA) is requesting public input on Fannie Mae and Freddie Mac’s (the Enterprises) proposed modifications to their 2018-2020 Underserved Markets Plans (Plans) under the Duty to Serve (DTS) program.
House Financial Services Committee Schedules GSE Reform Hearing on Sept. 27
The Committee on Financial Services will hold a hearing entitled “Oversight of the Federal Housing Finance Agency’s role as conservator and regulator of the Government Sponsored Enterprises” on Thursday, September 27, 2018, at 10:30 a.m. in room 2128 of the Rayburn House Office Building. This will be a two-panel hearing with the following witnesses: Panel […]
House Members Introduce Bipartisan GSE Reform Measure
On September 6, the tenth anniversary of the federal government’s takeover of Fannie Mae and Freddie Mac, retiring House Financial Services Committee chair Jim Hensarling (R-TX) released a discussion draft for the Bipartisan Housing Finance Reform Act. The measure is co-sponsored by Reps. John Delaney (D-MD) and Jim Himes (D-NY) and would eliminate Fannie Mae […]