Don Layton’s Unconventional Cure for the Liquidity Crisis April 10, 2020 Dennis Hollier Former Freddie Mae CEO Don Layton suggests short- and long-term solutions for the liquidity problems faced by nonbank mortgage servicers. Read More
Milbank to Advise FHFA on Ending Conservatorships April 10, 2020 Dennis Hollier Milbank has won a one-year, $3 million contract from the FHFA to provide legal services related to ending the conservatorships.Read More
Coronavirus Casts Huge Shadow on GSE Business March 27, 2020 John Bancroft States with shelter-in-place orders accounted for 75% of the single-family home loans securitized by Fannie and Freddie last year, and 81% of jobless claims filed last week. (Includes data chart.)Read More
We’ve Got Two Months to Fix This: Calabria March 27, 2020 Dennis Hollier If the coronavirus crisis goes on for more than six to eight weeks, FHFA Director Mark Calabria sees mortgage servicers under “a lot of stress.”Read More
GSEs and the Dollar Roll Shuffle (Also Happened) March 27, 2020 Dennis Hollier The Federal Housing Finance Agency this week temporarily allowed Fannie and Freddie to finance mortgage-backed securities.Read More
FHFA Puts Capital Rule on Hold March 27, 2020 Dennis Hollier One of the early casualties of the coronavirus outbreak is the much-anticipated, re-proposed capital rule for Fannie Mae and Freddie Mac.Read More
Appraisals and Income Verification Guidance Amid COVID-19 March 27, 2020 Dennis Hollier Fannie and Freddie are providing “alternative flexibilities” to reduce the need for appraisers to inspect the interior of a home.Read More
Fed MBS Purchases Pause Mortgage Market Skid March 27, 2020 Dennis Hollier Federal Reserve operations this week swallowed up more than $39.8 billion in agency MBS, including about $31.7 billion in uniform MBS. Read More
Multifamily Borrowers and Renters also Get Relief March 27, 2020 Dennis Hollier The GSEs have extended their forbearance programs to include multifamily borrowers and renters experiencing hardship due to COVID-19.Read More
FHFA Directs Enterprises to Wind Down Up-Front CRT March 27, 2020 Dennis Hollier One mortgage REIT is already feeling the effects of the GSEs’ move to unwind an obscure credit-risk transfer program by yearend.Read More
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