Fannie Mae
Fannie Mae appoints Leslie Rahl to board of directors
US mortgage agency Fannie Mae has appointed Leslie Rahl to its board of directors, filling the seat Stephen Friedman vacated after he resigned to become assistant to the president for economic policy and director of the National Economic Council.
Brickell’s name withdrawn as candidate to head Ofheo
Mark Brickell, a derivatives expert who was set to become the head of the Office of Federal Housing Enterprise Oversight (Ofheo), has withdrawn his name from consideration for the post. Brickell formally requested President George Bush withdraw his name…
Fannie Mae issues statement on derivatives accounting policy
US mortgage agency Fannie Mae issued a statement today highlighting its policy on derivatives accounting, in a move to distance itself from the controversy that has enveloped rival mortgage agency, Freddie Mac.
Fannie Mae to issue mortgage debt directly to foreign investors
Fannie Mae will issue foreign currency-denominated debt to help meet future house financing needs, the US secondary mortgage-market agency said today.
Derivatives veteran Brickell set to oversee US mortgage agencies
US president George Bush said he intends to nominate Mark Brickell, chief executive of Blackbird Holdings and a veteran of the derivatives industry, as director of the Office of Federal Housing Enterprise Oversight (OFHEO) at the Department of Housing…
Fannie Mae’s duration gap figure down in September
US mortgage agency Fannie Mae took the unusual step of disclosing its September duration gap figure yesterday, in a bid to alleviate concern about its risk management practice. The figures showed that the duration gap had fallen from minus 14 months in…
Greenspan highlights mortgage agency concerns
Federal Reserve chairman Alan Greenspan yesterday warned that government backing for US mortgage agencies, Fannie Mae and Freddie Mac, may prompt those that trade their mortgage securities to take excess risks. His comments are likely to further heat up…
Fannie and Freddie’s hedging rockets in 2001
Fannie Mae and Freddie Mac’s first detailed disclosure of their derivatives positions has revealed a dramatic increase in hedging activity by the two US federal-backed mortgage companies.
Ofheo Unveils Mortgage Risk Rules
METHODS & REGULATIONS