Can the Non-Agency Market Absorb the GSE Slack? Experts Not So Sure, Including a Former Freddie CEO October 2, 2019 Dennis Hollier Former Freddie CEO Don Layton took issue with the plan’s basic premise that if the footprint of the GSEs shrinks, private capital will move in to take up the slack...Read More
Short Takes: Hurricane Warren? / The Heart and the Soul of the CFPB / Big Bank Breakup? / Don’t Plan Calabria’s Going Away Party Quite Yet / New Hires for Greystone October 1, 2019 Paul Muolo Fannie Mae and Freddie Mac a political issue in the 2020 election? Not by a long shot...Read More
After the Big Capital Retention Announcement, GSE Share Price Inches Forward September 30, 2019 Paul Muolo Keefe, Bruyette & Woods: "We continue to believe that GSE recapitalization is unlikely to be completed within the current presidential term.”Read More
FHLBs Told to Stop Buying LIBOR-Indexed Assets September 30, 2019 Dennis Hollier The FHFA announcement comes as financial institutions and regulators struggle to identify a suitable replacement index for LIBOR. Read More
Treasury, FHFA Hike Allowable Retained Capital at the GSEs September 30, 2019 Dennis Hollier The hike in the retained earnings threshold was widely anticipated and the news hardly budged the share price of Fannie/Freddie common.Read More
Senate Panel Asks HUD to Study Ginnie’s Dependence on Contractors September 30, 2019 George Brooks The Senate panel believes such a study is crucial before Ginnie develops a plan to fill gaps in hiring and retention. Read More
FHFA Settles Sexual Harassment Case Involving Former Director. Details Lacking September 27, 2019 Dennis Hollier Neither Simone Grimes nor FHFA released the details of the settlement. Mel Watt, whose term as director ended in January, has not commented.Read More
What We’re Hearing: The (Mortgage) IPO Dream / Uber and Lyft May Never Earn a Dime / GSE Legislation During the Lame Duck Session? / Cashing out of Fannie and Freddie / The New Wells CEO: No Mortgage Experience September 27, 2019 Paul Muolo One of the biggest speculative bets ever made in mortgage stocks is going on right now: Fannie and Freddie...Read More
FHFA Chief Calabria Keeps a Close Watch on G-Fees, More September 27, 2019 Paul Muolo In late 2018, the FHFA published a report on g-fees paid from 2013 to 2017, stratifying it by five different lender cohorts…Read More
Short Takes: Judging GSE Pilot Programs / Freddie Mum on the Exact Size / Warehousers Have Entered the Sector / Significant Changes at FHA Unlikely / Pointillist? September 26, 2019 Paul Muolo Freddie Mac declined to say how much credit it had extended under the pilot, though a spokesman said it was under $1 billion. Read More