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The most recent Annual Report on the Financial Status of the Mutual Mortgage Insurance Fund for FY 2017 was the proverbial tale of two programs: the forward program which is much larger and has an improving capital ratio, and the very troubled home equity conversion program (HECMs) with a whopping negative capital ratio of 19.84% – clearly a program in need of radical change or shuttering.
After a speech to bankers in Raleigh, North Carolina last month, Melvin L. Watt, chief regulator of Fannie Mae and Freddie Mac, called on a man in the back of the hotel ballroom.
August 26, 2014
Mr. Joseph Prendergast
Manager of Policy Research
Federal Housing Finance Agency
Office of Policy Analysis and Research
400 7th Street SW, Ninth Floor
Washington, DC 20024
Over the days since Charlottesville I have listened, watched and reflected on a number of echoes from the past. As the son of an Auschwitz Holocaust survivor, and a boy with early memories of being placed in front of a TV to watch news reports of the trial in Israel of Adolph Eichmann, one of the organizers of the Holocaust, equivocation about hate groups is unacceptable to me.