Statements

"The foreclosure suspension announced today by Fannie Mae and Freddie Mac will help homeowners and servicers utilize the new streamlined loan modification program (SMP) announced by FHFA, Fannie Mae, Freddie Mac and HOPE Now. With this suspension, seriously delinquent borrowers may have an...

Welcome. I am pleased that you are able to be here. I would also like to welcome Brian Montgomery, HUD Assistant Secretary and FHA Commissioner; Neel Kashkari, Interim Assistant Treasury Secretary for Financial Stability; Faith Schwartz, Executive Director of HOPE NOW and Michael Heid, Wells Fargo...

"I am pleased that the Federal Home Loan Bank of Chicago, partnering with Fannie Mae, will provide greater liquidity to the mortgage market through its new mortgage product, MPF Xtra. This is an excellent example of how the synergies created by merging OFHEO and FHFB into the new FHFA can help to...

"As regulator of Fannie Mae, Freddie Mac and the Federal Home Loan Banks (FHLBanks), the Federal Housing Finance Agency (FHFA) strongly supports Treasury Secretary Paulson’s announcement of a comprehensive asset relief program to help stabilize the nation’s financial markets. We join President Bush...

Today, September 14, 2008, the Federal Housing Finance Agency notified former Fannie Mae Chief Executive Officer Daniel Mudd and former Freddie Mac Chief Executive Officer Richard Syron that "golden parachute" payments contemplated under their contracts would not be paid. The Agency, serving as...

FHFA has stated that business will continue as usual at the Enterprises during the conservatorship—this applies to both their single-family and multifamily businesses. FHFA recognizes the importance of all aspects of the Enterprises’ multifamily businesses—including the LIHTC (low-income housing tax...

PageContent Freddie Mac Existing contracts with the Freddie Mac remain in effect. United States federal law overrides any right of Freddie Mac’s counterparties to these contracts (including any "qualified financial contracts") to exercise any right to accelerate, terminate, liquidate or net such...

PageContent Good Morning Fannie Mae and Freddie Mac share the critical mission of providing stability and liquidity to the housing market. Between them, the Enterprises have $5.4 trillion of guaranteed mortgage-backed securities (MBS) and debt outstanding, which is equal to the publicly held debt of...

"Today President Bush signed the 'Housing and Economic Recovery Act of 2008.' I thank President Bush and Secretary Paulson for their leadership in making government-sponsored enterprise (GSE) regulatory reform a reality. The Act creates a world-class, empowered regulator, the Federal Housing Finance...

“I support Secretary Paulson, the Administration, and the Federal Reserve in their efforts to stabilize the housing finance system. OFHEO will continue to work with the Treasury, the Federal Reserve, the Congress, and the Enterprises in addressing the current situation and to assure that the...