Dodd-Frank mandated tests, which include systemically catastrophic models, produce far worse results than FHFA's testing of Fannie and Freddie.
WASHINGTON — The Senate Banking Committee also delayed mark-up of the Corker-Warner GSE reform bill.
A new Senate plan would insure and regulate mortgage backed securities like credit union deposits.
The complexity of reforming the secondary mortgage market, combined with its risk and Congress' inability to compromise, are the three reasons industry lobbyists and housing experts don't expect its completion in 2014.
Complexity, risk, congressional gridlock fingered in failure to reform Freddie, Fannie, FHFA this year.
FHFA inspector general audit recommendations include eliminating automatic overrides in system.
New FHFA director says CFPB's new QM rule could significantly impact mortgage credit availability.
Protection of the credit union tax exemption tops the list, followed by secondary mortgage market reform.
One credit union cuts rates to compete, another explains why not.
WASHINGTON—Freddie Mac CEO Donald Layton urged housing finance executives Oct. 28 to focus less on the fate of his company and Fannie Mae and more on the lending infrastructure the two have marshaled.