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Statement of FHFA Deputy Director Robert Fishman on the Launch of the New Uniform Mortgage-Backed Security (UMBS)
“Today marks the official launch of the new Uniform Mortgage-Backed Security (UMBS), a significant milestone that combines the separate Fannie Mae and Freddie Mac To-Be-Announced markets into one, bringing additional liquidity and efficiency to the market. By addressing structural issues and...
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Statement of FHFA Acting Director Joseph Otting on Senate Confirmation of Mark Calabria as Director of FHFA
“I congratulate Mark Calabria on his confirmation by the U.S. Senate to serve as Director of the Federal Housing Finance Agency (FHFA). I am confident that Mark will do a great job leading the FHFA, as he recognizes the need to work toward a housing finance system that protects taxpayers and meets...
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Statement of FHFA Director Melvin L. Watt on Designation of Comptroller of the Currency Joseph Otting as Acting Director of FHFA
“I congratulate Comptroller of the Currency Joseph Otting on being named Acting Director of the Federal Housing Finance Agency as my successor, effective Jan. 7, 2019. I have served with Comptroller Otting as a member of the Financial Stability Oversight Council and both the OCC and FHFA have...
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Statement from FHFA Director Melvin L. Watt on Capital Reserve for Fannie Mae and Freddie Mac
“The Federal Housing Finance Agency (FHFA), as conservator of Fannie Mae and Freddie Mac, and the Department of the Treasury have agreed to reinstate a $3 billion capital reserve amount under the Senior Preferred Stock Purchase Agreements for each Enterprise beginning in the fourth quarter of 2017...
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Statement of FHFA Deputy Director Sandra Thompson on New Loan Modification Offering for Delinquent Borrowers
"The new Flex Modification announced by Fannie Mae and Freddie Mac (the Enterprises) today was designed based on lessons learned from crisis-era loan modification programs to help borrowers stay in their homes and avoid foreclosures whenever possible. The Flex Modification also reflects input...
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Statement of FHFA Director Melvin L. Watt on Freddie Mac Deeper Mortgage Insurance Pilot Transaction
“The deeper mortgage insurance pilot transaction that Freddie Mac is conducting represents an important step in the ongoing effort of both Enterprises to enhance their credit risk transfer programs. Assessing the feasibility of such front-end credit risk transfer structures is a conservatorship...
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Statement of FHFA Director Melvin L. Watt on Redesigned, More Consumer-Friendly Uniform Residential Loan Application Form
"The publication today of the redesigned Uniform Residential Loan Application represents a significant step in a multi-year effort to update, standardize and enhance the quality of loan information for underwriting single-family mortgages. Fannie Mae and Freddie Mac have been working in...
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Statement on Authorized Enterprise Servicers Reliance on Legal Standards in Homeowner Association Foreclosure Proceedings (release date 4/29/2016)
[See attached PDF] Media: Stefanie Johnson (202) 649-3030 / Corinne Russell (202) 649-3032 Consumers: Consumer Communications or (202) 649-3811
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Statement of FHFA Director Melvin L. Watt on Final Merger of FHLBank Des Moines and FHLBank Seattle
"The paperwork has been formally approved and signed and the merger of the Federal Home Loan Bank of Des Moines with the Federal Home Loan Bank of Seattle is now official. As the regulator of the Federal Home Loan Bank System, FHFA views this voluntary merger as consistent with safety and soundness...
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Statement of FHFA General Counsel Alfred M. Pollard on Opinion and Order in FHFA v. Nomura
PageContent "FHFA is pleased with the Court's decision and we are reviewing the various elements of this important ruling. It is clear the Court found that the facts presented by FHFA were convincing. FHFA looks forward to submitting proposed damages calculated under the formulae applied in the...