Legislative Proposals On Gse Reform
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Author |
: United States House of Representatives |
Publisher |
: |
Total Pages |
: 286 |
Release |
: 2020-02-08 |
ISBN-10 |
: 9798602937244 |
ISBN-13 |
: |
Rating |
: 4/5 (44 Downloads) |
Synopsis Legislative Proposals on Government-sponsored Enterprise (GSE) Reform by : United States House of Representatives
Legislative proposals on government-sponsored enterprise (GSE) reform: hearing before the Committee on Financial Services, U.S. House of Representatives, One Hundred Tenth Congress, first session, March 15, 2007.
Author |
: United States. Congress |
Publisher |
: Createspace Independent Publishing Platform |
Total Pages |
: 286 |
Release |
: 2018-01-26 |
ISBN-10 |
: 1984183303 |
ISBN-13 |
: 9781984183309 |
Rating |
: 4/5 (03 Downloads) |
Synopsis Legislative Proposals on Government-Sponsored Enterprise (Gse) Reform by : United States. Congress
Legislative proposals on government-sponsored enterprise (GSE) reform : hearing before the Committee on Financial Services, U.S. House of Representatives, One Hundred Tenth Congress, first session, March 15, 2007.
Author |
: United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises |
Publisher |
: |
Total Pages |
: 152 |
Release |
: 2007 |
ISBN-10 |
: STANFORD:36105050455356 |
ISBN-13 |
: |
Rating |
: 4/5 (56 Downloads) |
Synopsis Legislative Proposals on GSE Reform by : United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises
Author |
: United States. Congress. House. Committee on Financial Services |
Publisher |
: |
Total Pages |
: 288 |
Release |
: 2007 |
ISBN-10 |
: PSU:000061498600 |
ISBN-13 |
: |
Rating |
: 4/5 (00 Downloads) |
Synopsis Legislative Proposals on Government-sponsored Enterprise (GSE) Reform by : United States. Congress. House. Committee on Financial Services
Author |
: United States. Congress. House. Committee on Financial Services |
Publisher |
: |
Total Pages |
: |
Release |
: 2007 |
ISBN-10 |
: OCLC:958748749 |
ISBN-13 |
: |
Rating |
: 4/5 (49 Downloads) |
Synopsis Legislative Proposals on Government-Sponsored Enterprise (GSE) Reform: Hearing Before the Committee on Financial Services, U.S. House of Representatives by : United States. Congress. House. Committee on Financial Services
Author |
: United States. Congress. House. Committee on Financial Services |
Publisher |
: |
Total Pages |
: |
Release |
: 2007* |
ISBN-10 |
: OCLC:179295119 |
ISBN-13 |
: |
Rating |
: 4/5 (19 Downloads) |
Synopsis Legislative Proposals on GSE Reform, Serial No. 110-12, March 12, 2007, 110-1 Hearing, * by : United States. Congress. House. Committee on Financial Services
Author |
: United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises |
Publisher |
: |
Total Pages |
: 139 |
Release |
: 2007 |
ISBN-10 |
: OCLC:1097522407 |
ISBN-13 |
: |
Rating |
: 4/5 (07 Downloads) |
Synopsis Legislative Proposals on GSE Reform by : United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises
Author |
: United States. Congress. House. Committee on Financial Services |
Publisher |
: |
Total Pages |
: 281 |
Release |
: 2007 |
ISBN-10 |
: OCLC:1097519464 |
ISBN-13 |
: |
Rating |
: 4/5 (64 Downloads) |
Synopsis Legislative Proposals on Government-sponsored Enterprise (GSE) Reform by : United States. Congress. House. Committee on Financial Services
Author |
: |
Publisher |
: |
Total Pages |
: 0 |
Release |
: 2005 |
ISBN-10 |
: OCLC:1374793990 |
ISBN-13 |
: |
Rating |
: 4/5 (90 Downloads) |
Synopsis Government-Sponsored Enterprises (GSEs) by :
Fannie Mae and Freddie Mac are government-sponsored enterprises (GSEs), chartered by Congress to establish a secondary mortgage market to improve the availability of capital for home mortgage financing. To help these privately-owned institutions accomplish this mission, Congress granted them several statutory benefits not available to other private companies. The advantages of GSE status have helped the enterprises to grow very large and dominate the secondary mortgage market. In 1992, Congress established the Office of Federal Housing Enterprise Oversight (OFHEO), an agency within the Department of Housing and Urban Development (HUD), to oversee the financial safety and soundness of the enterprises. OFHEO is authorized to set capital requirements, conduct annual risk-based examinations, and generally enforce compliance with safety and soundness standards. With the rapid growth of the GSEs, and major accounting scandals at Fannie Mae and Freddie Mac, the effectiveness of the current regulatory regime has been widely questioned. Several legislative proposals considered in the 108th and earlier Congresses addressed GSE regulatory reform, but none was enacted. However, adequacy of GSE regulation remains a prominent legislative issue. While improving supervision of Fannie Mae and Freddie Mac is the major focus, regulatory reform also involves the 12 Federal Home Loan Banks, which comprise one collective GSE. The Federal Home Loan Banks lend to lenders -- their member banks -- primarily for housing, but also for many other purposes. Under the proposed GSE reform, they would be brought under a single regulatory umbrella with Fannie and Freddie. In the 109th Congress, H.R. 1461 and S. 190 propose to restructure the GSE supervisor and enhance its regulatory powers. H.R. 1461 was marked up and reported by the Financial Services Committee on May 25, 2005, and passed the full House, with amendments, on October 26, 2005. Chairman Shelby put forward an amendment in the nature of a substitute for S. 190, which was marked up and approved by the Banking Committee on July 28, 2005. Common provisions of S. 190 and H.R. 1461 would abolish OFHEO and establish an independent agency to oversee the housing GSEs and the Federal Home Loan Banks; enhance the safety and soundness, disclosure, and enforcement tools available to the new regulator; and increase the budget autonomy of the new agency by exempting its assessments from the annual appropriations process. S. 190 as reported takes the further step of limiting the type of assets that Fannie and Freddie could hold in their investment portfolios. This report summarizes legislative proposals in the 109th Congress that aim to strengthen the regulation of the GSEs, and will be updated as warranted.
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: |
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: |
Total Pages |
: 0 |
Release |
: 2005 |
ISBN-10 |
: OCLC:1374505145 |
ISBN-13 |
: |
Rating |
: 4/5 (45 Downloads) |
Synopsis Improving the Effectiveness of GSE Oversight by :
Fannie Mae and Freddie Mac, two of the largest government-sponsored enterprises (GSEs), were created to establish a secondary mortgage market in order to improve the distribution of capital available for home mortgage financing. To help these institutions accomplish this mission, Congress granted them several statutory benefits not available to other private companies. The advantages of GSE status have helped the enterprises to grow rapidly and become the dominant players in the secondary mortgage market. In 1992, Congress established the Office of Federal Housing Enterprise Oversight (OFHEO), an independent agency within the Department of Housing and Urban Development (HUD), to oversee the financial safety and soundness of the enterprises. OFHEO is authorized to set capital requirements, conduct annual riskbased examinations, and generally enforce compliance with safety and soundness standards. With the rapid growth in the GSEs, questions have been raised about the effectiveness of the current regulatory regime. Several legislative proposals introduced in the past addressed GSE regulatory reform, but Congress did not take action on them. However, with the recent accounting problems at both Fannie Mae and Freddie Mac, the adequacy of GSE regulation has become a prominent legislative issue once again. Four bills were considered in the 108th Congress that aimed to strengthen the current regulatory framework and improve the effectiveness of GSE supervision: H.R. 2575 (Representative Baker), H.R. 2803 (Representative Royce), S. 1508 (Senators Hagel Sununu Dole), and S. 1656 (Senator Corzine). On March 26, 2004, Chairman Shelby of the Senate Banking Committee released a draft bill, which was offered as a substitute for S. 1508 during markup on April 1, 2004, and passed by the committee with several amendments. No further legislative action was taken during the 108th Congress.