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Statement of FHFA Acting Director Edward J. DeMarco on Freddie Mac Insurance Risk-Sharing Transaction
“FHFA is pleased that Freddie Mac has completed another risk-sharing transaction—an insurance policy with Arch Reinsurance Ltd. that covers up to $77.4 million of potential losses on a pool of loans guaranteed by Freddie Mac. “The completion of this deal is unique in that it is with a diversified...
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Statement of FHFA Acting Director Edward J. DeMarco on Termination of Fannie Mae and Freddie Mac Pension Plans
"Today, FHFA directed Fannie Mae and Freddie Mac to terminate their defined benefit retirement plans effective December 31, 2013. Terminating the defined benefit retirement plans eliminates risk to Fannie Mae and Freddie Mac and helps to conserve their assets on behalf of taxpayers, one of our main...
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Statement of FHFA Acting Director Edward J. DeMarco on Fannie Mae Direct Debt Risk-Sharing Transaction
"FHFA is pleased that Fannie Mae is nearing completion of another risk-sharing transaction—the first Connecticut Avenue Securities or "C-deal" transaction. The C-deal series will be direct debt transactions in which Fannie Mae issues bonds to investors, allowing private capital to assume a portion...
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Statement of Edward J. DeMarco on Fannie Mae Risk-Sharing Transaction
"FHFA is pleased that Fannie Mae has completed its first risk-sharing transaction, which provides mortgage insurance coverage on a pool of more than $5 billion in single-family mortgages. This transaction supports FHFA’s 2013 Conservatorship Scorecard and FHFA’s Strategic Plan for the Enterprise...
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FHFA Statement on Eminent Domain
"On August 9, 2012, the Federal Housing Finance Agency (FHFA) published a Notice in the Federal Register entitled ‘Use of Eminent Domain to Restructure Performing Loans’ and asked for public input. FHFA has concluded its review and based on its consideration of the law and input received, continues...
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Statement of FHFA Acting Director, Edward J. DeMarco, on Freddie Mac Risk-Sharing Transaction
"FHFA is pleased that Freddie Mac is nearing completion of its first risk-sharing transaction, a key step in the process of attracting private capital back to the U.S. housing finance market. The transaction—a direct debt issuance—will assist Freddie Mac in transferring credit risk to the private...
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FHFA Statement on Introduction of Senate Bill to Reform Housing Finance
"FHFA welcomes the introduction of the Housing Finance Reform and Taxpayer Protection Act of 2013 that will help frame the policy debate on the future of the country’s housing finance system. Fannie Mae and Freddie Mac have been in conservatorship for almost five years and Congressional action is...
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FHFA Statement Regarding Fannie Mae and Freddie Mac Assistance to Tornado Victims
"FHFA is mindful of the many lives impacted by the deadly tornados that have destroyed parts of Oklahoma and other states. Our thoughts and prayers are with those dealing with this massive destruction and loss. "It is important that affected homeowners with loans owned or guaranteed by Fannie Mae...
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Statement from FHFA General Counsel, Alfred M. Pollard
PageContent Fannie Mae and the State of Ohio today filed a settlement agreement with the U.S. District Court for the District of Columbia to resolve a nine year-long class action lawsuit relating to alleged securities law violations. The filing was submitted to the Honorable Judge Richard J. Leon...
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FHFA Statement on Fannie Mae Loan-Level Data Release
"The Federal Housing Finance Agency (FHFA) is pleased with Fannie Mae’s release of historical single-family, loan-level credit performance data. This release represents an important step toward returning private capital to the mortgage market and follows a similar data release by Freddie Mac last...