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Freddie Mac and Fannie Mae
March 2005
BNA's Web Watch is prepared by Laura
Gordon-Murnane. E-mail suggestions for future weekly topics
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Federal Government
Congressional
Hearings
Subcommittee
on Capital Markets, Insurance and Government Sponsored Enterprises
Hearing entitled "Accounting Irregularities at Fannie Mae and
the Impact on Investors"
Opening
Statement of Chairman Richard H. Baker
Opening
Statement of Representative Paul E. Gillmor
Opening
Statement of Ranking Member Paul E. Kanjorski
Opening
Statement of Representative Rubén Hinojosa
Opening
Statement of Representative Wm. Lacy Clay
Prepared
Testimony:
Donald
T. Nicolaisen, Chief Accountant, U.S. Securities and Exchange Commission
Subcommittee on Capital Markets, Insurance and Government Sponsored
Enterprises
Hearing
entitled “The OFHEO Report: Allegations of Accounting and Management
Failure at Fannie Mae”
Opening
Statement of Full Committee Chairman Michael G. Oxley
Opening
Statement of Subcommittee Chairman Richard H. Baker
Opening
Statement of Representative Michael N. Castle
Opening
Statement of Representative Paul E. Gillmor
Opening
Statement of Subcommittee Ranking Member Paul E. Kanjorski
Opening
Statement of Representative Wm. Lacy Clay
Prepared Testimony
The
Honorable Armando Falcon, Director, Office of Federal Housing
Enterprise Oversight, accompanied by Ms. Wanda Deleo, Chief Accountant,
and Mr. Christopher Dickerson, Chief Compliance Examiner, Office
of Federal Housing Enterprise Oversight
Mr.
Franklin D. Raines, Chairman and Chief Executive Officer, Fannie
Mae
Mr.
Timothy Howard, Vice Chairman and Chief Financial Officer, Fannie
Mae
The
Honorable Ann McLaughlin Korologos, Presiding Director, Board of
Directors, Fannie Mae
Mr.
Roger Barnes, Former Manager of Financial Accounting, Deferred Assets
in Fannie Mae's Controller Division
Legislation
S.
190 Federal Housing Enterprise Regulatory Reform Act of 2005
S.
1508
Federal Reserve
Finance and Economics
Discussion Series Divisions of Research & Statistics and Monetary
Affairs Federal Reserve Board, Washington, D.C. GSEs,
Mortgage Rates, and Secondary Market Activities (January
12, 2005)
The
Effect of Housing Government-Sponsored Enterprises on Mortgage Rates
Wayne Passmore, Shane M. Sherlund, and Gillian Burgess 2005-6
(January)
2005-5 (January)
The GSE Implicit Subsidy and the Value of Government Ambiguity
Wayne Passmore
Abstract
| Full
paper (121 KB PDF)
This is a revised version of FEDS 2003-64
Executive
Compensation At Fannie Mae And Freddie Mac
William R. Emmons Gregory E. Sierra
Office Of Federal
Housing Enterprise Oversight
Report
of Findings to Date Special Examination of Fannie Mae - (September
2004)
Fannie
Mae Directors Agree To Correct Accounting Treatments, Raise Capital
Surplus As Required By Ofheo (Press Release)
Agreement
- United States of America Office of Federal Housing Enterprise
Oversight (OFHEO) and Federal National Mortgage Association (Fannie
Mae)
Securities and Exchange
Commission
Office
of the Chief Accountant Issues Statement on Fannie Mae Accounting
(December 15, 2004)
Nongovernment Organizations
American
Enterprise Institute
Receivership
Powers: What Are They and Should Fannie and Freddie's Regulator Have
Them? (Thursday, February 3, 2005)
Introduction
Conference
on Receivership Powers
February 3, 2005 Peter
J. Wallison AEI
Handling the Failure
of Fannie Mae and Freddie Mac
Richard
Scott Carnell Conference on Receivership Powers American Enterprise
Institute Discussion Draft—February 3, 2005
(Short
version) |||
Handling the Failure
of a Government-Sponsored Enterprise Richard Scott Carnell
First Discussion
Draft—February 3, 2005 (Long
version)
Resolving Large
Financial Intermediaries: Banks Versus Housing Enterprises By Larry
D. Wall Robert A. Eisenbeis W. Scott Frame
(Short)
Resolving Large
Financial Intermediaries: Banks Versus Housing Enterprises Larry
D. Wall Robert A. Eisenbeis W. Scott Frame
(Long)
The
Next Steps in Reforming the Housing GSEs: Creating the Common Regulator
and Enhancing Competition, by Alex J. Pollock
Privatizing
Fannie Mae, Freddie Mac, and the Federal Home Loan Banks: Why and How Introduction Peter J. Wallison AEI (October 4, 2004)
Removing
Government Sponsorship From Fannie Mae, Freddie Mac, And The Federal
Home Loan Banks Thomas Stanton October 4, 2004 American Enterprise Institute
Discussion
of Tom Stanton’s GSE Privatization Proposal Alex J. Pollock
The
Mortgage Holding Subsidiary Concept: A Fully Privatized Mortgage-Financing
Plan
A Presentation
by Bert Ely to
the American Enterprise Institute October 4, 2004
Cato Institute
Fannie
Mae, Freddie Mac, and Housing Finance Why True Privatization Is
Good Public Policy by Lawrence J. White (October 7, 2004)
Citizen Against
Government Waste
Reforming
Fannie Mae and Freddie Mac (Thursday, February 10, 2005)
Financial Services Roundtable
Roundtable
Press Senators to Co-Sponsor GSE Reform Bill
Letter
to Senators
National Taxpayers
Union
Grassroots
Coalition of 37 Groups Sends Message to Congress: “Avert Another
Financial Disaster,” Reform Fannie Mae, Freddie Mac
Letter
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