TREASURY ISSUES UPDATE ON STATUS OF SUPPORT FOR HOUSING PROGRAMS
December 24, 2009 Posted by Treasury
WASHINGTON, DC - December 24, 2009 - (RealEstateRama) — Today, the U.S. Department of the Treasury provided an update on initiatives established under the Housing and Economic Recovery Act (HERA) of 2008, which supports housing market stabilization and provides relief to struggling homeowners. As part of a commitment to wind down programs that were established during the crisis and are no longer critical to financial stability, Treasury will terminate several HERA programs at the end of the year. Treasury will also amend the terms of its agreements with Fannie Mae and Freddie Mac to support their ongoing stability. The steps outlined today are necessary for preserving the continued strength and stability of the mortgage market.
FHFA Launches New Integrated Accounting System
July 8, 2009 Posted by FHFA
Washington, DC - July 8, 2009 - (RealEstateRama) – The Federal Housing Finance Agency (FHFA) has implemented a single, integrated accounting system—another major milestone for the young Agency. FHFA was established last July, by the Housing and Economic Recovery Act of 2008 (HERA).
Bolstering GSEs Key To Future Of Nation’s Housing Finance System
June 4, 2009 Posted by NAHB
WASHINGTON, DC - June 4, 2009 - (RealEstateRama) — In contemplating the future status of housing government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, the National Association of Home Builders (NAHB) yesterday told Congress it is critical for the federal government to provide a backstop to the housing finance system to ensure a reliable and adequate flow of affordable housing credit
MBA’s Berman Testifies on Present and Future of GSEs
June 3, 2009 Posted by MBA
WASHINGTON, D.C. - June 3, 2009 - (RealEstateRama) — Michael D. Berman, CMB, Vice Chairman of the Mortgage Bankers Association (MBA), today testified before the House Financial Services Subcommittee on Capital Markets, Insurance and the Government Sponsored Entities at a hearing titled, “The Present Condition and Future Status of Fannie Mae and Freddie Mac.”Below is Mr. Berman’s oral testimony, as prepared for delivery.
Policymakers Must Address Looming Capital Shortage for Rental Housing
January 27, 2009 Posted by NMHC
WASHINGTON, DC - January 27, 2009 - (RealEstateRama) — Policymakers must recognize the important differences between single-family and multifamily financing and take steps to ensure an adequate supply of capital to the multifamily sector during and after the economic crisis.
MBA’s Quinn Sounds Caution on Senate Housing Package
February 21, 2008 Posted by MBA
WASHINGTON, D.C. (February 14, 2008) – Kieran P. Quinn, CMB, Chairman of the Mortgage Bankers Association (MBA) expressed reservations about several of the provisions contained in the Foreclosure Prevention Act of 2008, introduced in the Senate yesterday.Mr.
