The Bush administration still maintains that the Federal Home Loan Banks should be part of GSE reform legislation next year to create a "world-class" regulator for Fannie Mae and Freddie Mac.The mortgage activities of FHLBanks have "converged" with those of the other two housing government-sponsored enterprises, Treasury Under Secretary Brian Roseboro told an FHLBank forum in Washington. "The Federal Home Loan Banks are no longer simply a wholesale financing outlet for their members, but have moved directly into the mortgage investment business, which encompasses the same types of risks as Fannie Mae and Freddie Mac face," he said. The Treasury official declined to comment on an application by the Seattle FHLBank to create a mortgage-backed securities program, which is pending before the Federal Housing Finance Board. However, he indicated that the Treasury looks favorably on institutions that want to increase competition as well as the depth and breadth of the secondary market. "So as a general principle, these activities ... that increase competition are good," he told reporters. Finance Board Chairman Alicia Castaneda declined to comment on the Seattle MBS application.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 -
The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
March 27 -
Equity is entitled to a little over $70,000 worth of damages.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27