If you need assistance, please call 407-288-5182

Regulator Seeks Authority to Charter Fannie/Freddie Competitors

Friday, July 10, 2020   /   by Erik Bjorklund

Regulator Seeks Authority to Charter Fannie/Freddie Competitors

The Federal Housing Finance Agency (FHFA) released its annual Report to
for 2019 on Monday. The report summarizes the FHFA's activities
as regulator of the Federal Home Loan Banks (FHLBanks) and as both regulator
and conservator of the GSEs Fannie Mae and Freddie Mac. The report addresses
how FHFA has fulfilled its statutory responsibilities, the financial condition
of the GSEs and FHLBanks, and details the agency's response in 2020 to the COVID-19
FHFA Director Mark Calabria again called on Congress to reform the nation's housing
 financing system, saying that only legislative
action can address the flaws that were at the root of the 2008 financial crisis
and continue to pose risks to taxpayers and financial stability.  He said, "There are critical
vulnerabilities in our housing finance system that put taxpayers and our
housing market at risk. The financial stress on our mortgage markets caused by
the COVID-19 crisis is only the latest example."

...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Fidelity Home Group | Mortgage News | Mortgage Rates
eXp Realty
Tony Fuentes
1999 W. Colonial Dr
Orlando, FL 32804

© 2021 My Florida Regional MLS DBA Stellar MLS, Inc.. All rights reserved. The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS, Inc. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.1/15/2021 11:13 PM CST
This site powered by CINC: www.cincpro.com