TITLE

FASB Rule Complicates GSEs' Future

AUTHOR(S)
Sloan, Steven
PUB. DATE
January 2010
SOURCE
American Banker;1/25/2010, Vol. 175 Issue 12, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that the U.S. government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac have been impacted by a ruling of the Financial Accounting Standards Board (FASB) that securitizations must be visible on corporate balance sheets. To comply with the ruling, Fannie Mae will transfer 2.8 trillion dollars in mortgage loans to its balance sheet, while Freddie Mac will transfer 1.8 trillion dollars in mortgage loans.
ACCESSION #
47712569

 

Related Articles

  • Plenty of Capital at Fannie and Freddie. Blackwell, Rob // American Banker;6/10/2008, Vol. 173 Issue 111, p20 

    The article discusses an evaluation of Fannie Mae and Freddie Mac by the U.S. Office of Federal Housing Enterprise Oversight (OFHEO). The two government-sponsored enterprises were sufficiently capitalized at the end of first-quarter 2008, according to OFHEO. Also discussed are statistics...

  • Fixing Fannie And Freddie. Samuelson, Robert J. // Newsweek;9/8/2003, Vol. 142 Issue 10, p41 

    Offers a look at the financial problems of mortgage companies Fannie Mae and Freddie Mac. Report that at the year-end of 2002, the companies' combined debt totaled $1.5 trillion; Ways in which the companies have improved home financing; Resignation of Freddie Mac's top executives in 2003...

  • Freddie Offers No-Fee Alternative for Keeping Defective Loans. Berry, Kate // American Banker;12/24/2015, Vol. 180 Issue 197, p1 

    The article focuses on American mortgage loan company Freddie Mac's offering of no-fee alternative to keep defective loans. Topics include the expectation for Freddie Mac and Fannie Mae to provide guidance to mortgage lenders about their repurchase alternatives in 2016, the implemented loan...

  • Freddie Mortgage Holdings Dip. Shenn, Jody // American Banker;7/25/2006, Vol. 171 Issue 141, p11 

    The article reports that Freddie Mac shrank its mortgage holdings for a second month in June 2006. Its retained portfolio declined at a 1.4% annual rate in June to $722 billion. Fellow government-sponsored rival Fannie Mae agreed to cap its portfolio at its year-end 2005 levels. Freddie Mac's...

  • 'Receivership' Power for GSE Regulator Sparks Concern about Housing. Collins, Brain // National Mortgage News;3/29/2004, Vol. 28 Issue 27, p2 

    U.S. Senate Banking Committee chairman John Shelby's effort to extend receivership powers to the new regulator for Federal National Mortgage Association and Federal Home Loan Mortgage Corporation has run into stiff opposition. The National Association of Home Builders went on the offense last...

  • GSE Buybacks Will Increase. Collins, Brian // National Mortgage News;8/17/2009, Vol. 33 Issue 45, p11 

    The article reports on the move of Fannie Mae and Freddie Mac to prepare for higher mortgage defaults and expect forcing their seller/servicers to buy back more loans in the coming quarters. According to the article, lenders that sell loans to both companies are required to prove that the loan...

  • BiG Competition. Bergsman, Steve // Mortgage Banking;May2001, Vol. 61 Issue 8, p34 

    Discusses the increasing role of government-sponsored enterprises, particularly the Federal National Mortgage Association and Federal Home Loan Mortgage Corp., in the multifamily lending industry in the United States as of May 2001. Purpose of Congress in creating the Federal National Mortgage...

  • Prospect for GSE Reform in '06 Is Growing Dim.  // National Mortgage News;11/20/2006, Vol. 31 Issue 9, p2 

    The article reports on the initiative of the Banking Committee leaders in working on Government-Sponsored Enterprise (GSE) regulatory reform. U.S. Senators are striving to work and pass legislation that strengthens regulation of Fannie Mae and Freddie Mac. They stress that GSE reform should...

  • Freddie: Average Rate Down Again.  // American Banker;9/12/2008, Vol. 173 Issue 177, p14 

    The article reports on the average rate of a fixed-rate loan in the U.S. Following the government takeover of Fannie Mae and Freddie Mac in September 2008 there has been a drop in the rates for 30-year fixed-rate mortgages. The rate dropped by 42 basis points and the monthly principal and...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics