Statements

​​​​​​ Washington, D.C. –​ “The Enterprises are leveraged nearly 1,000-to-one, ensuring they would fail during an economic downturn – exposing taxpayers once again. This letter agreement between Treasury and FHFA, which allows the Enterprises to retain capital of up to $45 billion combined, is an...

“I applaud Secretary Mnuchin’s and Secretary Carson’s efforts to lay out plans for comprehensive housing finance reform. These plans are an important step toward meaningful, lasting housing finance reform. After nearly 11 years, ending the conservatorships of Fannie Mae and Freddie Mac is now a top...

​“FHFA commends the work of the ARRC and the release today of a White Paper outlining a framework for developing newly-originated consumer residential ARM products using SOFR. FHFA is committed to the important work of developing a path to a successful transition away from LIBOR.” ​This statement...

​“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...

​“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...

“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...

“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...

​"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...

“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...

"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...