Corker-Warner Bill Again Negates Shareholder Rights

Thursday, February 1, 2018

The long-awaited revision of revisions of legislation by Sens. Bob Corker, R-TN, and Mark Warner, D-VA, to end Fannie Mae and Freddie Mac’s long run in mortgage finance has leaked out. Homebuyers, taxpayers and shareholders, beware.  The draft bill, which sponsors continue to insist is still not finalized, would revoke the charters of Fannie Mae […]

Note to Wallison: FDR is Dead But GSE Reforms Are Alive and Well

Thursday, January 25, 2018

Peter Wallison’s ideological disdain for Fannie Mae and Freddie Mac is pure and therefore largely impenetrable to facts. The American Enterprise Institute scholar remains convinced that big government liberals bear almost sole responsibility for the 2008 financial crisis and, in a Wall Street Journal op-ed this week, he warns the Trump Treasury Department is all […]

Watt Weighs In as Lawmakers Seek Elusive Balancing Act on GSE Reform

Monday, January 22, 2018

There seems to be a little more common ground on GSE reform but the terrain is rocky and has deep chasms so it could be slow going before Congress and the Administration can finally resolve the issue at the heart of the financial crisis of ten years ago. Federal Housing Finance Agency (FHFA) Director Mel […]

Capital Buffer Deal May Buy Enough Time to Get Down to Business on GSE Reform

Thursday, December 21, 2017

The announcement today that Fannie Mae and Freddie Mac will begin maintaining a $3-billion capital baseline is the first tangible demonstration in five years that officials in Washington actually want to protect taxpayers and end the stalemate on reforming the government sponsored enterprises. Beginning next year, Fannie and Freddie were to have had their capital […]

Mnuchin Adopts Good Starting Points on GSE Reform

Monday, November 27, 2017

From the Wall Street Journal’s CEO Council annual forum, a two day event where the world’s most ambitious leaders connect, came a tweet from the WSJ Capital Journal account which amplified remarks from Treasury Secretary Steven Mnuchin:- “We do want to preserve the 30-year mortgage.. and we don’t want to put taxpayers at risk. Those […]