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.
WASHINGTON — Freddie Mac CEO Donald Layton talks housing finance GSEs to mortgage bankers' confab.
Fannie Mae, Freddie Mac, FHFA rent space, announce search is on for CEO for new organization: Common Securitization Solutions LLC.
More evidence has appeared suggesting housing finance loans purchased by Fannie Mae and Freddie Mac are poised to get a bit smaller.
President Barack Obama laid out his initiative to reform the secondary mortgage market in a speech on Aug. 6 that trash talked Fannie Mae and Freddie Mac and voiced support for a Senate bill that would wind down the government sponsored enterprises and replace them with a mostly privatized system.
President rolls out his own plan to wind down Fannie and Freddie, a plan similar to Corker-Warner proposal in the Senate.
President's new plan resembles Senate measure to wind down Fannie and Freddie.
The House Financial Services Committee passed the Protecting American Taxpayers and Homeowners Act July 24 by a vote of 30-27.
House panel passes measure to eliminate Fannie Mae and Freddie Mac, largely privatize secondary mortgage market.