U.S. Senate Banking Committee Ranking Member Pat Toomey (R-PA) proposed a framework to end the conservatorship of the government-sponsored enterprises.
Treasury and the Federal Housing Finance Agency agreed to amend the terms of the preferred stock purchase agreements of Fannie Mae and Freddie Mac.
The Structured Finance Association urged the Treasury Department "to avoid the potentially destructive effects" of pushing Fannie Mae and Freddie Mac out from under conservatorship prematurely.
A coalition of mortgage lenders and SIFMA made recommendations to the CFPB on proposed revisions to the definition of "Qualified Mortgage" under the Truth in Lending Act.
SIFMA supported an appeal against an SEC administrative determination that a registered investment adviser could be sanctioned for fraudulent misrepresentations that occurred beyond the statute of limitations.