And finally, the GSEs
have created a new uniform data set to be used for loans sold on the secondary market-the Uniform Loan Application Dataset.
have experimented with a range of risk transfer instruments, including reinsurance, senior-subordinate securitizations, and transactions involving explicit lender risk sharing.
One year later, on the 10 year anniversary of Fannie and Freddie being placed in conservatorship, the Safety and Soundness Blueprint continues to provide the only mathematically credible, detailed, and achievable path forward for the GSEs
Opened in July last year, GSES
was started by Phouk Many, also the mother of an autistic child.
since 1994 have been exempted by regulatory fiat from the appraisal requirements established by Congress (Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989).
The FHFA regulates the GSEs
and oversees their conservatorship.
The "big fat gap" is what Alan Greenspan, the very powerful chairman of the Federal Reserve for almost two decades, who became one of the GSEs
' most powerful enemies, took to calling it.
Now on appeal after being dismissed in the United States District Court for the District of Columbia, (6) Perry's lawsuit against the United States Treasury (the "Treasury") and the Federal Housing Finance Agency (the "FHFA"), (collectively, the "Government") is but one example of current litigation brought by private investors in connection with the GSEs
. (7) These cases, sometimes referred to collectively as "dividend sweep litigation," (8) stem from a 2012 amendment (the "Third Amendment") to the Senior Preferred Stock Purchase Agreements ("PSPAs").
FHFA implemented an arbitrary 10 percent cut in the GSEs
' multifamily businesses in 2013.
Paulson's (2010) memoir echoes Wallison and Calomiris, asserting the GSEs
suffered from a failed business model and needed to be contained, if not eliminated altogether.
Focus instead on what happens to the infrastructure that underlies the GSEs
and making sure it is part of whatever structure comes next."
In the article "GSEs
: Where Do We Stand?" former St.