Monday, December 7, 2015

treasury changing tune 12/2015, and Big Banks’ Quiet Campaign to Muscle Out Fannie and Freddie

THEN:
https://www.treasury.gov/press-center/press-releases/Pages/jl2261.aspx

Remarks Of Counselor To The Secretary For Housing Finance Policy Dr. Michael Stegman Before The ABS Vegas 2014 Conference


While we support the repeal of GSE affordable housing goals, we would incorporate affordability standards for multifamily housing into the new system to help ensure that the beneficiaries of guaranteed mortgages use their funding advantage to produce or preserve broadly affordable rental homes.

NOW:


US Treasury: Remarks by Counselor Antonio Weiss at The Consumer Federation of America’s Annual Financial Services Conference
Posted on December 4, 2015

in addition, Treasury was pleased to see FHFA Director Watt instruct Fannie Mae and Freddie Mac to allocate money to the Housing Trust Fund at HUD and the Capital Magnet Fund at Treasury. Over the next five years, we expect these programs to generate more than $1.2 billion for community development and low income households, including homeless families.

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Treasury went from repeal of affordable housing to "we are pleased with housing trust fund...for low income households"
Interesting.

A Revolving Door Helps Big Banks’ Quiet Campaign to Muscle Out Fannie and Freddie


http://www.nytimes.com/2015/12/07/business/a-revolving-door-helps-big-banks-quiet-campaign-to-muscle-out-fannie-and-freddie.html

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