More Details On New Mortgage Market Infrastructure, More G-Fees Too

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Posted To: MND NewsWire

Edward J. DeMarco, Acting Director of the Federal Housing Finance Agency (FHFA) appeared before the Senate Banking Committee today. According to his prepared remarks DeMarco will tell the senators about the progress his agency has made in its dual role as conservator of the two government sponsored enterprises (GSEs) Freddie Mac and Fannie Mae and as regulator of the Federal Home Loan Banks (FHLBanks.) DeMarco briefly recapped the goals set for FHFA as conservator and what has been accomplished to date. The operations of the GSEs have largely stabilized while both mortgage originations and securitizations continued to function throughout the financial crisis. The focus on foreclosure prevention efforts has been critical to helping homeowners in distress and essential to meeting the conservatorship...(read more)

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Source: http://www.mortgagenewsdaily.com/04182013_fhfa_ed_demarco.asp

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