Moody’s Says US May Wind Down Fannie, Freddie

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Before the DTA impairments, Fannie Mae had access to $117.6 billion of capital under preferred stock agreements (capital agreement) with the US Treasury, while Freddie Mac had access to $140.5 billion. These amounts decline with any capital request, so Fannie Mae’s access to capital will decline to $113.9 billion and Freddie Mac’s to $140.2.

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Current Operational Status Of Affairs = Wind Down Collectively known as the GSEs. In the most likely economic scenario, nearly 90 percent of the losses at Fannie Mae and Freddie Mac are already.

If enacted, the legislation would gradually wind down Fannie Mae and Freddie Mac and replace them with the Federal Mortgage Insurance Corporation (FMIC), a government agency that would provide catastrophic reinsurance for mortgage-backed securities. The Comment highlights several specific provisions of the draft bill that would benefit HFAs.

Building on those hearings and bipartisan legislation introduced by senators Bob Corker (R-Tennessee) and Mark Warner (D-Virginia), Chairman Johnson and I recently circulated legislation to wind down Fannie and Freddie, end the government domination of the housing market and promote the re-entry of private capital into our housing finance system.

FullFranklin investment advisor Tim Pagliara led Fannie Mae and Freddie Mac investors in a protest today in Washington, D.C., against federal legislation they say will wipe out their. Tim Johnson and.

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Freddie FMCC, -0.82% and Fannie FNMA, +0.40% were swept into federal conservatorship as the housing finance system melted down in 2008, and have remained in limbo ever since. But the stars may.

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The Obama administration on Tuesday tiptoed closer to overhauling fannie mae and Freddie Mac, announcing a conference next. For example, the administration might seek to wind down some government.

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The Moody’s report mentioned several other categories of traditional conforming loans where a private-label execution might get better pricing than from Fannie Mae and Freddie Mac. These included high credit score loans with low LTVs; loans with lower debt-to.

wind-down of Fannie Mae and Freddie Mac. The current aaa senior unsecured debt ratings of Fannie and freddie reflect effective credit substitution with the government of the United States of America (Aaa stable). Despite a lack of an explicit (formal) guarantee, we assess that there is very strong government