Regulator outlines new plan for Fannie, Freddie - News and Current Events | futures io social day trading
futures io futures trading

Regulator outlines new plan for Fannie, Freddie
Updated: Views / Replies:241 / 0
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Thread Tools Search this Thread

Regulator outlines new plan for Fannie, Freddie

  #1 (permalink)
Elite Member
Aurora, Il USA
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
kbit's Avatar
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received

Regulator outlines new plan for Fannie, Freddie

WASHINGTON (Reuters) - The regulator of housing giants Fannie Mae and Freddie Mac on Tuesday outlined a new strategic plan for the two government-controlled firms, stepping into a void left by congressional inaction.

The Federal Housing Finance Agency said the main goal would be to steer the mortgage finance market in a direction that leaves it dominated by the private sector instead of the government.

The 21-page plan, which has taken FHFA a little more than a year to pull together, is meant as a temporary substitute until Congress and the administration put in place a lasting framework for housing finance. Fannie Mae and Freddie Mac were placed in government conservatorship in 2008 as mounting mortgages losses threatened their solvency.

"Conservatorship is not meant to go on forever," FHFA Acting Director Edward DeMarco told Reuters. "By putting this out, this will certainly foster some public discussion, including discussion by members of Congress."

Fannie Mae and Freddie Mac have dominated the housing finance system since lending tightened during the financial crisis and recession. Since the government seized the two firms, they have bought or guaranteed about 3 out of every 4 U.S. mortgages in the country, according to FHFA, while being propped up by about $169 billion in taxpayer funds.

"We are gradually shrinking the footprint that Fannie and Freddie will have in the mortgage market," DeMarco said. "Lawmakers are still going to have to come to some consensus about the role of the government and government guarantees."

FHFA's strategic plan would build a single mortgage securitization platform to replace the current systems the government-sponsored enterprises use to support the credit business. DeMarco said this new structure would "take some time to implement."

The result would be a single mortgage-backed security issued by the GSEs, replacing the method Fannie and Freddie use to pool loans into packages and sell them to investors.

Currently, the GSEs buy loans from lenders and bundle them as securities for investors, which they then guarantee.
FHFA's plan would place increased risk on the private market, taking steps that include increasing the fees the entities charge lenders as a way to wean them off the government's backstop. This might also result in an expansion of the use of mortgage insurance, and changing loss-sharing arrangements that require private investors to bear all or some of the credit risk.

Under the new strategic outline, the FHFA said it will continue to pave the way for successful anti-foreclosure efforts, including a planned program to convert foreclosed government-owned properties into rental units.

The FHFA has taken an active role in overseeing government programs to help troubled homeowners and also has worked on the administration's effort to allow more borrowers to refinance, but it has resisted any steps that would be too expensive for Fannie and Freddie, saddling taxpayers with further losses.

"I don't think we're getting enough credit for the effort that we have tried to bring to these loan modification programs and to the success we have been having with them," DeMarco said.

Regulator outlines new plan for Fannie, Freddie - Yahoo! Finance

Reply With Quote


futures io > > > > Regulator outlines new plan for Fannie, Freddie

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only

Similar Threads
Thread Thread Starter Forum Replies Last Post
Fannie, Freddie writedowns too costly: regulator kbit News and Current Events 0 January 23rd, 2012 07:49 PM
Fannie and Freddie, Still the Socialites kbit News and Current Events 0 October 17th, 2011 02:08 PM
US Taxpayers Paying Millions For Fannie, Freddie Lawsuits Quick Summary News and Current Events 0 January 24th, 2011 12:20 PM
Some Big Banks Want to Take Over Role of Fannie, Freddie Quick Summary News and Current Events 0 January 21st, 2011 03:20 PM
Cost of Seizing Fannie and Freddie Surges for Taxpayers Quick Summary News and Current Events 0 June 20th, 2010 09:30 AM

All times are GMT -4. The time now is 01:27 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432,
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-14 in 0.07 seconds with 19 queries on phoenix via your IP