FHFA Gives Update on Conservatorship and GSE Reform

first_img Servicers Navigate the Post-Pandemic World 2 days ago FHFA Gives Update on Conservatorship and GSE Reform Related Articles October 28, 2019 1,491 Views Demand Propels Home Prices Upward 2 days ago  Print This Post Fannie Mae FHFA Freddie Mac 2019-10-28 Seth Welborn Home / Daily Dose / FHFA Gives Update on Conservatorship and GSE Reform Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Government, News, Secondary Market Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Seth Welborncenter_img The Federal Housing Finance Agency (FHFA) recently released a new Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac and a new 2020 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions. According to the FHFA, the three objectives of this new Strategic Plan and Scorecard are to ensure that the GSEs foster competitive, liquid, efficient, and resilient (CLEAR) national ​housing finance markets; operate in a safe and sound manner appropriate for entities in conservatorship; and prepare for their eventual exits from the conservatorships.“Our nation’s mortgage finance system is in urgent need of reform,” said FHFA Director Mark Calabria. “The vision for reform articulated in the Strategic Plan and advanced in the Scorecard will serve borrowers and renters by preserving mortgage credit availability, protect taxpayers by ensuring Fannie Mae and Freddie Mac can withstand an economic downturn, and support a strong and resilient secondary mortgage market.”Part of the FHFA and the GSE’s plan to protect taxpayers has included the uniform mortgage-backed security (UMBS). Fannie Mae and Freddie Mac marked the completion of their Single Security Initiative with the launch of the UMBS on June 3.“UMBS is the result of close collaboration with FHFA, Freddie Mac, Common Securitization Solutions, and hundreds of housing finance stakeholders and we congratulate all involved on this achievement,” said Renee Schultz, SVP, Capital Markets, Fannie Mae in a statement. “We remain focused on ensuring that all market participants continue to make a smooth transition to UMBS and maintaining a highly liquid housing finance market.”Fannie Mae and Freddie Mac are also preparing to transition out of conservatorship. Speaking at the Eighth Annual AEI-CRN Housing Conference, FHFA Director Mark Calabria stated that he “never thought [he] would see a conservatorship longer than six months.”“I have a responsibility to fix them and get them out,” he added. Previous: Ellie Mae Acquires Capsilon Next: Changes in Housing Policy The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: Fannie Mae FHFA Freddie Mac Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Subscribelast_img read more

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Aubameyang loses ban appeal

first_imgRelatedPosts Runarsson joins Arsenal on four-year deal Arsenal, Wolves want Michael Olise Akpom pens Middlesbrough loan deal Arsenal’s appeal against Pierre-Emerick Aubameyang’s three-match ban for the red card he received in the draw at Crystal Palace has been unsuccessful. Aubameyang, who is Arsenal’s top scorer in all competitions this season with 16 goals, will miss the club’s next three games, including the trip to Chelsea. The Arsenal captain was sent off midway through the second half of Saturday’s 1-1 Premier League draw at Selhurst Park after catching Max Meyer high on the ankle with a poor challenge by the touchline. Referee Paul Tierney showed a yellow card, but the Video Assistant Referee had a look and, after a two-and-a-half-minute delay, the caution was upgraded to a dismissal. The Gabon forward was distraught as he left the pitch and Meyer had to follow him down the tunnel after failing to recover from the tackle.Tags: ArsenalCrystalPalaceMax MeyerPierre-Emerick Aubameyanglast_img read more

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All India Football Federation Signs MoU With German Football Association

first_imgNew Delhi: The All India Football Federation (AIFF) on Friday signed a Memorandum of Understanding (MoU) with the German Football Association (DFB) in New Delhi. The signing of the agreement coincided with German Chancellor Angela Merkel’s visit to India for talks with Prime Minister Narendra Modi.Kushal Das, General Secretary, AIFF and Friedrich Curtius, General Secretary, DFB, signed the document to formalize the relationship between the two football governing bodies. The MoU was signed in the presence of Joint Secretaries Inderjit Dhamija, and L S Singh. Swati Kothari, General Manager, AIFF, and Fabian Ulrich, Head of International Relations and Strategic Projects, were also present on the occasion.The MoU covers a wide range of areas pertaining to Indian football such as Coach education (including grassroots), talent scouting and promotion, deployment of professional referees to India, exchange between National Teams and visit of DFB all-star team (if feasible), joint marketing initiatives and sports administration via discussions on their competition management solutions. Football cooperation among states is also one of the agendas in the respective Government discussion.Conveying his delight at the MoU, Das said: “It is a great honour for AIFF to get into this agreement with DFB. I am sure this will immensely benefit Indian football.”“Signing of the MoU coincides with German Chancellor Angela Merkel’s visit to India and her talks with Honourable Prime Minister Shri Narendra Modi-Ji for strengthening of bilateral ties between the two countries,” the General Secretary stated.“Germany is renowned for its footballing prowess, and the work done by them at the grassroots level stands out. The MoU represents a great opportunity to learn from their experience and expertise through mutual cooperation and collaboration.” IANSAlso Read: AIFF & AFC to Present Future Roadmap for Indian football Also Watch:Watch | Exceptional Step to counter Human-Elephant Conflict in Digboilast_img read more

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Men’s golf season in review

first_imgIn the last match of the fall season, the Wisconsin men’s golf team ended on a sour note, finishing in last place out of eight teams in the Big 10/Pac-10 challenge. Although the team ended the third round fairly well, the mistakes they made in the first round were too much to overcome — Wisconsin was in last place, 15 strokes behind the second to last team, Oregon State. The performance wasn’t what head coach Jim Schuman was looking for heading into the spring season. “We didn’t get a solid performance out of really anybody,” Shuman said.The disappointing finish did not accurately represent the team’s play during the fall season, as the Badgers finished the fall season ranked 35th nationally in the Golfweek/ Sagarin ratings. While Danny Zimmerman and Dan Woltman were excellent contributors to the team this season, Woltman had a rough go, finishing the first two rounds in 156 strokes. The struggles of both Woltman and the team in the first round may have been due to the constant travel. “There’s a culmination of things,” Shuman said. “We were out there a week before on the West Coast and it’s very difficult to travel out there. … Quite honestly, we were fairly tired.”Although the fall season is barely over, Shuman is already looking to the spring season; he can’t wait to get his team back out there competing, but the offseason will certainly give the Badgers ample opportunity to correct the mistakes. “It gives us a chance to figure out, what are they doing better than what we’re going,” he said.According to Schuman, in order to stay competitive with the top teams in the future, each player will need to lose about two strokes each day. Beyond the spring season, the outlook for next year looks positive as well. Although Jeff Kaiser will graduate, all other players on the team are returning next year. Despite the struggles in the Big 10/Pac-10 Challenge, there were plenty of positives during the fall season. Zimmerman and Woltman each won an individual tournament title for the Badgers this season. Zimmerman took the Minnesota Invitational Sept. 16 and Woltman won the Prestige @ PGA West in California Oct. 16. Junior Tyler Obermueller has also been a solid contributor this fall. He finished 30th at the Memphis Collegiate earlier in the year and had a strong performance at the St. Mary’s Invitational. But in order to be successful in the future, Shuman wants a total team effort. “The talent level is there, but we still can’t look past the fact that we need to have four guys … able contribute for us at any given time,” he said.last_img read more

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House Puts AG, Commerce Sec in Criminal Contempt Over Census Question

first_imgThe U.S. House of Representatives voted late Wednesday to hold Attorney General Bill Barr and Commerce Secretary Wilbur Ross in criminal contempt of Congress.Democrats accuse Barr and Ross of rejecting subpoenas for information about the origins of President Trump’s citizenship question, which was intended for the 2020 Census but was banned by the Supreme Court.The vote passed along party lines, 230-198.In response, the White House calls the move “ridiculous and yet another lawless attempt to harass the President and his Administration.”According to a statement from Barr and Ross, “By taking this action, the House is both unnecessarily undermining inter-branch comity and degrading the constitutional separation of powers and its own institutional integrity.”When it became clear last week that the census would most likely not include the citizenship question, President Trump ordered federal agencies and departments to provide data about citizens and non-citizens to the Commerce Department.last_img read more

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