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Jury Awards $612 Million to Fannie Mae and Freddie Mac Shareholders

Jury Awards $612 Million to Fannie Mae and Freddie Mac Shareholders

by Phil Hall | Aug 14, 2023 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Washington D.C., jury ruled in favor of stockholders who disputed the federal government’s handling of Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) during the 2008 financial crisis. The jury ruled that the Federal Housing Finance Agency (FHFA) acted...
Trade Groups Ask FHFA to Forgo Rent Control Proposal

Trade Groups Ask FHFA to Forgo Rent Control Proposal

by Phil Hall | Aug 11, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A coalition of 18 national trade associations representing the stakeholders in the housing industry sent a letter to Federal Housing Finance Agency (FHFA) Director Sandra Thompson warning that mandatory rent control and rent stabilization policies will increase rents,...
A Phil Hall Op-Ed: Remember GSE Reform?

A Phil Hall Op-Ed: Remember GSE Reform?

by Phil Hall | Jul 17, 2023 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

On July 30, 2008, President George W. Bush signed the Housing and Economic Recovery Act of 2008 (HERA), which established the Federal Housing Finance Agency (FHFA). One provision of that act gave the FHFA authority to place its regulated entities into conservatorship...
New Senate Bill Seeks to Overturn FHFA’s LLPA Rule

New Senate Bill Seeks to Overturn FHFA’s LLPA Rule

by Phil Hall | Jul 13, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

U.S. Sens. Mike Braun (R-IN) and Roger Marshall (R-KS) have introduced the Middle Class Borrower Protection Act to reverse the Federal Housing Finance Agency’s (FHFA) recent mortgage rule that changed to the Loan-Level Price Adjustment (LLPA), which many critics...
GOP Governors Call on Biden to Rescind LLPA Changes

GOP Governors Call on Biden to Rescind LLPA Changes

by Phil Hall | May 31, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A coalition of 18 Republican governors called on the Biden administration to reverse the Federal Housing Finance Agency’s (FHFA) changes to the Fannie Mae and Freddie Mac loan level pricing adjustment (LLPA) structure for borrowers seeking a mortgage. “The new LLPA...
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