LAS VEGAS — Don’t expect any legislative changes until 2017 due in part to improved performance.
HUD Secretary Julian Castro, Rep. Shelley Moore Capito and Sen. Pat Toomey speak to NAFCU members.
A bill that would phase-out Fannie and Freddie is unlikely to pass a full Senate vote.
GSE reform passes the Senate Banking Committee Thursday over objections from Sen. Elizabeth Warren.
FHFA Director Mel Watt said his agency will maintain conforming loan limits and relax underwriting requirements.
However, Democratic opposition could prevent the bill from a full Senate floor vote.
GSE conservatorship agreement mandates all profits go to Treasury, not capital coffers.
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.