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  • ABOUT US
    • About Us
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  • JOIN
  • NEWS
    • Industry News
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White House Introduces Plan to Wind Down GSEs

<![CDATA[February 11, 2011 –

The Obama Administration announced a plan today to "wind down" the federal government's support for the mortgage market by reducing Fannie Mae and Freddie Mac's footprint in the housing market.  The plan calls for the following actions to achieve this goal:

  1. Phasing in increased pricing at Fannie Mae and Freddie Mac to make room for private capital.
  2. Reducing conforming loan limits.
  3. Requiring a minimum 10% down payment.
  4. Reducing Fannie Mae and Freddie Mac’s investment portfolio by 10% annually.
  5. Removing FHA from the private loan guarantee business.
  6. Strengthening anti-predatory loan practices, improving underwriting standards and more mortgage disclosures.
  7. Increasing accountability and transparency in the securitization process.

More information on the White House plan can be found by clicking here.

Category: Industry NewsFebruary 11, 2011

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News Categories
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DIRECT FROM THE BOARD
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    August 31, 2018
  • House Passes Mortgage Choice Act (Again); Proponents Cite “One-Stop Shopping” Myth as Reason
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NAILTA BLOG
  • First American Data Leak: What Happened? What Next?
    May 28, 2019
  • NAILTA Asks Kentucky Legislature to Protect Small Business Owners in Proposed E-Notary Legislation
    August 31, 2018
  • House Passes Mortgage Choice Act (Again); Proponents Cite “One-Stop Shopping” Myth as Reason
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ANNOUNCEMENTS
  • House Passes Mortgage Choice Act (Again); Proponents Cite “One-Stop Shopping” Myth as Reason
    February 15, 2018
  • House Passes TRID Improvement Act; Aims to Improve Disclosure of Title Insurance Premiums to Consumers
    February 15, 2018
  • NAILTA Mourns the Loss of Former President, Anthony L. Affatati, Sr.
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