fannie mae and freddie mac for dummies video

Part 6: Does the credit rating system need reform?.Part 5: What should be the responsibility of a systemic risk regulator?.Part 4: What should be done about Fannie Mae and Freddie Mac?.Part 3: Will regulatory reform address the problem of runs on financial institutions?.Part 2: What are your thoughts on a regulatory council?.Part 1: Do you support capping the size of financial firms?.Please contact your Evercore sales representative for further details.

To dig more deeply into mortgage-related political and regulatory topics, we will be hosting a series of meetings in D.C. The agreement 1) calls for a winddown and elimination of Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) 2) provides specific benchmarks and timelines to guide Federal Mortgage Insurance Corporation (FMIC – established by S.1217) 3) mandates 10% private capital, up front, and creates a mortgage insurance fund for the system 4) creates a member-owned securitization platform to issue a single, standardized FMIC-wrapped security, and permit private label securities to be issued in a manner than encourages standardization 5) establishes a mutual cooperative jointly owned by small lenders to ensure institutions of all sizes have direct access to the secondary market 6) provides rules for servicers that choose to participate in the FMIC system 7) eliminates affordable housing goals and establishes a housing related fund that focuses on ensuring there is sufficient housing available (the funds are paid through a small FMIC user fee of 10 bps that only those who choose to use the system pay) 8) allows current conforming loan limits to be maintained 9) maintains broad liquidity in the To-Be- Announced (TBA) market and directs FMIC to take into account the impact of new products in the TBA market.

Highlights of the Fannie Mae, Freddie Mac agreement Note: S.1217 was introduced in the Senate last June.

Thus, the new legislation maintains a fairly prominent federal government role by providing a catastrophic backstop for mortgage securities that are partly backed by private capital. According to the press release, the agreement starts with the base text and generally maintains the overall architecture of S.1217 – Housing Finance Reform and Taxpayer Protection Act of 2013 (also known as the Corker-Warner bill).

Fannie mae and freddie mac for dummies video