FHFA Director DeMarco: No Silver Bullet for the GSEs

Conclusion: There is no-one running Fannie or Freddie. The FHFA (Federal housing finance agency) Supervising Freddie and Fannie is the FHFA, with acting director Edward DeMarco at the helm. DeMarco has been in this acting capacity since August 2009, over 2 years ago. Here is an example of how much he has accomplished.

As Secretary Paulson has repeatedly said, there is no silver bullet to address the housing downturn. We are experiencing a necessary correction and the sooner we work through it, the sooner housing can again contribute to our economic growth.. today’s announcement by FHFA, the GSEs, and.

Fannie Mae, Freddie Mac would need another bailout in severe economic crisis UPDATE 1-Fannie Mae, Freddie Mac may need $190 billion in big downturn -regulator – So far, Fannie Mae and Freddie Mac have drawn $187.5 billion in bailout funds. Freddie Mac should there be another downturn in home prices,” Treasury Secretary Jack Lew told a congressional.

"That is something they are very vocal on, and there’s a lot of pressure being placed on the acting director of the Federal Housing Finance Agency [FHFA], Ed DeMarco, to allow principal reductions for mortgages that are owned by Fannie and Freddie," Gayer says.

Is DeMarco Ready to Write Down Mortgages?. acting director of the Federal Housing Finance Agency, to write down the principal on mortgages held by Fannie Mae and Freddie Mac. The FHFA took.

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Department of the Treasury : Documents Relating to the Financial Crisis of 2007-2009, Treasury Interim Assistant Secretary for Financial Stability Neel Kashkari Remarks on GSE, HOPE NOW streamlined loan modification program, November 11, 2008 by United States. Department of the Treasury, Neel T. (Neel Tushar) Kashkari

Approximate date of commencement of proposed sale to the public: As soon as practicable after the effectiveness of this registration statement, on a continuous basis and for a period in excess of 30.

But I have to believe there are untold others who are reachable. Doesn’t the existence of Frank Schaeffer say as much? No one was more in the belly of the beast than he and look at him now. So what.

Foreclosures, short sales increased 1% in Dec. Homebuyer Demand All But a ‘Standstill’: Altos Research Second look: Here’s where Fannie got it right Single-Family News Center – Fannie Mae – Search by Function. Freddie Mac and Fannie Mae (the GSEs) provide guidance on resubmission of UCD data when changes or corrections have been identified.. immediate access to Ask Poli, our self-service online resource for Selling and Servicing Guide inquiries and now, LSDU insights, right within the workflow.Mortgage originations down 35% in first quarter "First National remained profitable in the first quarter despite tighter mortgage spreads, a turbulent interest rate environment and a reduction in single-family originations," said Stephen Smith, Chairman and Chief Executive Officer. "As expected, residential mortgage market activity was naturally lower due to seasonality, and the year-over. · According to Altos Research, there has been a steady decline in Miami’s housing inventory since the beginning of the year. As of October 30, 2011, they showed approximately 4,000 homes for sale in Miami. That’s about 1,000 units less than the inventory at the start of 2011. This trend bodes well for the local real estate market.mortgage rates tick up slightly Moody’s: Single-family rental equity securitization poses more risk REO-To-Rental Update: Moody’s Issues Guidance on Structuring Risks By Dechert LLP on January 18, 2013 Posted in Residential Mortgage Finance Yesterday, Moody’s issued a Sector Comment expressing concerns with respect to proposed REO-To-Rental deals structured to utilize a collateral package comprised of equity-pledges in the SPV property.President Obama urges financial regulators to speed up reforms FHFA, RBS reach nearly .5 million mbs settlement Royal bank (rbs) nears mortgage bond Settlement with FHFA. – The Royal Bank of Scotland Group plc RBS is about to reach a settlement with the federal housing finance agency (fhfa) regarding the sale of mortgage-backed securities to Fannie Mae and Freddie.In the year since President Obama signed the financial regulatory overhaul into law, "The reforms put in place in Dodd-Frank will help to provide for a more. dodd-frank encourages coordination among the regulators to address. will inevitably increase compliance costs and decrease investor returns.Mortgage Rates Tick up Slightly as Bonds Sell Off – Mortgage rates ticked up a basis point to 3.84%. Last week, mortgage rates barely moved as the 10-year bond yield rose. The ten-year bond yield rose from 2.12% to 2.18%.Find pre-foreclosures, foreclosure auctions and bank-owned properties in your area.

Guidance for dealing with Fannie Mae and Freddie Mac is not included in the recently passed Dodd-Frank Act, and Edward DeMarco, acting director of the Federal Housing Finance Agency, which.

At a loss mitigation conference last week, Edward DeMarco, acting director of the Federal Housing Finance Agency, said that banks should consider foreclosing when borrowers are not being rehabilitated. We are falling farther and farther behind and building an ever-larger shadow inventory.

Ed DeMarco, Acting Director of FHFA The commentary and the straight reporting on Ed DeMarco’s principal reduction speech seem to be missing the big picture here.