Freddie Mac (FMCC)

[navycmdr]

Short Takes: FHA Operations Funded
CFPB to 'Reconsider' HMDA Elements
GSEs Set to Take DTA Charges
Tax Bill's Impact on Home Sales

Tues Dec 26, 2017 ... By Brandon Ivey ... [e-mail]



A partial federal government shutdown – including potential delays in FHA activities – was avoided late last week. A new spending bill approved by Congress extended federal funding through Jan. 19...

In addition to going easy on issues involving collection of Home Mortgage Disclosure Act data, the Consumer Financial Protection Bureau announced last week that it will reconsider some new HMDA requirements that are set to take effect at the start of 2018...

The reduction in the corporate tax rate from 35 percent to 21 percent recently signed into law by President Trump will prompt significant reductions to the government-sponsored enterprises' deferred tax assets. Fannie Mae said in a recent filing with the Securities and Exchange Commission that it will take a charge of around $10.0 billion and Freddie Mac will take a $5.3 billion charge...

Homeowners had a mixed reaction to the tax bill, according to a survey by the National Association of Realtors. Some 13.9 percent of those surveyed said they plan to sell their homes on an accelerated timeline because of the bill while 10.0 percent said they will slow their sale efforts.