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Statement from FHFA Acting Director, Edward J. DeMarco, on the Administration's Housing Finance Reform Report
PageContent "I am pleased that the Administration today put forward a framework to strengthen the nation's housing finance system, restore the critical role of private capital, and identify options for the long-term structure of housing finance. The conservatorships of Fannie Mae and Freddie Mac...
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Statement by FHFA Acting Director, Edward J. DeMarco, on Servicer Financial Affidavit Issues
PageContent "On October 1, FHFA announced that Fannie Mae and Freddie Mac are working with their respective servicers to identify foreclosure process deficiencies and that where deficiencies are identified, will work together with FHFA to develop a consistent approach to address the problems. Since...
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Statement of FHFA Acting Director, Edward J. DeMarco, Regarding Foreclosure Processing
PageContent "Recent accounts of deficiencies in foreclosure documentation by two large mortgage servicers raise concerns for homeowners and mortgage investors alike. FHFA, as conservator for Fannie Mae and Freddie Mac, supports efforts by the Enterprises to remind servicers and other parties engaged...
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Statement of FHFA Acting Director, Edward J. DeMarco, on PACE Programs
"In keeping with our safety and soundness obligations, the Federal Housing Finance Agency will defend vigorously its actions that aim to protect taxpayers, lenders, Fannie Mae and Freddie Mac. Homeowners should not be placed at risk by programs that alter lien priorities and fail to operate with...
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FHFA Statement on Certain Energy Retrofit Loan Programs
After careful review and over a year of working with federal and state government agencies, the Federal Housing Finance Agency (FHFA) has determined that certain energy retrofit lending programs present significant safety and soundness concerns that must be addressed by Fannie Mae, Freddie Mac and...
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Statement of FHFA Acting Director Edward J. DeMarco
"The amendments announced today to the Preferred Stock Purchase Agreements (PSPAs) between the Department of Treasury and the Federal Housing Finance Agency (FHFA) as Conservator for Fannie Mae and for Freddie Mac (Enterprises) reaffirm the government's commitment to stability in the mortgage market...
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Statement Concerning the Possible Transfer of Fannie Mae Low-Income Housing Tax Credits to Investors
PageContent "Shortly after the establishment of the conservatorships for Fannie Mae and Freddie Mac, FHFA issued a statement emphasizing the importance of all aspects of the Enterprises’ multifamily businesses to a healthy secondary market and housing affordability—including the low-income housing...
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Statement of Director James B. Lockhart on Departure from FHFA and Appointment of Edward J. DeMarco as Acting Director
"Today I am announcing my impending departure as Director of the Federal Housing Finance Agency (FHFA). This has been one of the most challenging and rewarding assignments of my career and I am very pleased with the work we have been able to accomplish through a very difficult period. As the housing...
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Statement of FHFA Director James B. Lockhart on the Appointment of Charles Haldeman as CEO of Freddie Mac
"I am pleased that the Freddie Mac Board of Directors has selected Charles E. (Ed) Haldeman, Jr. to become Chief Executive Officer (CEO) of Freddie Mac. Ed Haldeman brings a breadth of valuable financial services experience to this post. Ed has been a chief executive officer at several major...
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Statement of FHFA Director James B. Lockhart on Return of David Moffett to Freddie Mac
"I am pleased and grateful that David Moffett has agreed to return to assist John Koskinen and Freddie Mac during this difficult time. All of the employees of Freddie Mac have shown their true professionalism during these painful days. They have our full support and our appreciation for their...