Financial Regulatory Forum

ANALYSIS-Social agenda true hurdle to US housing finance reform

August 18, 2010

By Al Yoon

NEW YORK, Aug 18 (Reuters) – In March of 2000, American homeowners got a scare.

ANALYSIS – US mortgage investors see headway on second-lien write downs

April 12, 2010

By Al Yoon

NEW YORK, April 12 (Reuters) – On March 17, 2009, a group of mortgage bond investors worried about the losses they could suffer as a result of U.S. foreclosure prevention plans asked top bankers to share the pain by taking some write-downs on $450 billion in home equity loans.

SCENARIOS – Reshaping Fannie Mae and Freddie Mac

March 22, 2010

WASHINGTON, March 22 (Reuters) – Treasury Secretary Timothy Geithner is expected to lay out the Obama administration’s broad vision for restructuring mortgage finance giants Fannie Mae and Freddie Mac on Tuesday in congressional testimony.

Fannie, Freddie to clear interest rate swaps

March 12, 2010

   By Ann Saphir
   BOCA RATON, Fla., March 11 (Reuters) –   Fannie Mae and Freddie Mac, the mortgage-funding giants that were seized by the government in September 2008, will start using central counterparty clearing this year in a move that could mark a seismic shift in the $400 trillion global swaps market. (more…)

Fannie, Freddie regulator pitches new housing goals

February 17, 2010

By Al Yoon

NEW YORK, Feb 17 (Reuters) – The federal regulator of Fannie Mae and Freddie Mac on Wednesday proposed an overhaul of government rules on how the mortgage funding giants serve low-income homeowners while limiting their risks.

US to focus on housing stability in reform of Fannie Mae, Freddie Mac – Barr

February 1, 2010

(Adds background, comment)

By Al Yoon

WASHINGTON, Feb 1 (Reuters) – The Obama administration must ensure U.S. housing market stability is retained as it reforms the nation’s two largest providers of home mortgage credit, a top Treasury Department official said on Monday.

US Rep Frank sees ending Fannie Mae, Freddie Mac in current form

January 22, 2010

WASHINGTON, Jan 22 (Reuters) – Mortgage giants Fannie Mae and Freddie Mac are likely to be abolished in their current form, a key lawmaker in the U.S. House of Representatives said on Friday.

Unlimited credit for Fannie, Freddie seen as backdoor U.S. bailout

January 5, 2010

By Corbett B. Daly

WASHINGTON, Jan 5 (Reuters) – At a hearing last fall, U.S. Treasury Secretary Timothy Geithner told lawmakers that he and his team were working to put the $700 billion financial bailout fund “out of its misery.” But some in Washington now see a second, backdoor bailout in its place.

US pay czar: Fannie Mae, Freddie Mac unique when it comes to pay

December 31, 2009

WASHINGTON, Dec 30 (Reuters) – Mortgage finance firms Fannie Mae and Freddie Mac face a unique set of problems that distinguish them from other companies receiving government aid when it comes to setting executive pay, the Obama administration’s pay czar said on Wednesday.

BREAKINGVIEWS-US forges risky new weapon for mortgage battle

December 30, 2009

— The author is a Reuters Breakingviews columnist. The opinions expressed are his own —