"NAA/NMHC congratulate Mark Calabria on the news that he will be nominated to be the next Director of the FHFA
. Calabria is a seasoned housing thought leader, and there are few that bring the same depth of expertise and insight to the role."
In December 2017 the FHFA
and the Treasury agreed to allow the GSEs to retain a $3 billion capital reserve under their respective senior preferred stock purchase agreements (PSPAs), which has potentially limited the urgency for near-term housing finance reform.
* Is properly monitored by the FHFA
and tested with independent appraisals.
RBS said the net PS3.65bn cost of the settlement with the FHFA
would be largely covered by funds set aside.
The appeal to the FHFA
reflects the belief these groups share that the GSEs' Duty to Serve proposed rule requires them to pursue policies that make credit more affordable for low- and moderate-income homebuyers.
"To the best of our knowledge, [the] FHFA
has not approved any of the proposed features in Fannie Mae's architectural and engineering plans nor has it reviewed or approved proposed expenditures by Fannie Mae for these features," the OIG said.
began litigation against 18 financial institutions in 2011 regarding securities law violations in the sale of private label securities to Fannie Mae and Freddie Mac in the mid-2000s.
Perry's suit in district court against the FHFA
and the Treasury specifically focused on administrative law arguments against the enforcement of the Third Amendment to the PSPAs.
HSBC Holdings Plc (LSE: HSBA) (NYSE: HBC) (HKG: 0005) has reached an agreement with the Federal Housing Finance Agency (FHFA
) to settle the latter's claims in 2011 related to residential mortgage-backed securities (RMBS) that Fannie Mae and Freddie Mac purchased from HSBC between 2005 and 2007, Reuters has reported
, which is responsible for overseeing Fannie Mae and Freddie Mac, has now recovered USD17.9bn from settlements with banks.
15 September 2014 -- UK-based financial services firm HSBC (NYSE: HSEB) said it has reached an agreement with the US Federal Housing Finance Agency to settle the claims brought by FHFA
in 2011 related to residential mortgage-backed securities that US mortgage funders Fannie Mae and Freddie Mac purchased from HSBC between 2005 and 2007.