‘The status quo is over’: FHFA chief vows quick action on GSEs

‘The status quo is over’: FHFA chief vows quick action on GSEs. Recent Posts. Lending to nonbank lenders is growing – maybe too much; simplified call report set to take effect Sept. 30; Core-banking crossroads, leaner Capital One, defending CECL: Top stories of the week.

‘The status quo is over’: FHFA chief vows quick action on GSEs Warren 0 Comments Contents High yield savings rival money market Chief executive officer features local business news Local business news ‘The status quo is over’: FHFA chief vows quick action on GSEs.

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The status quo is over," he said. "And my arrival at FHFA should be seen as the opening bell for change." In previous comments, Calabria has said that fundamental reform of the GSEs should be undertaken by Congress, but he repeated Monday that he is prepared to act independently of lawmakers to move the reform ball forward under existing authority.

FHFA considers a single federal standard, under a federal statute, implemented by FHFA as a federal agency, applying only to matters initiated by FHFA, and involving institutions chartered by Congress, to be superior to a regulation deferring to disparate state law standards for indemnification payments.

the expected incoming chair of the House Financial Services Committee, told Mulvaney – who also serves as acting White House chief of staff – in a letter. your time running the Consumer Bureau may.

By diverting all profits away from the GSEs, FHFA effectively precluded any ability of the companies to boost their capital levels and over time “earn” their way out of conservatorship. Moreover, the profit sweep contradicts FHFA’s mandate to “preserve and protect” enterprise assets and property.

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