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
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
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
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
Industry Resumes Fight Against G-Fee Hike March 13, 2020 Dennis Hollier Mortgage industry trade groups have once again urged Congress to not allow the use of g-fees to fund non-housing-related activities.Read More
Fannie Introduces New CRT Products for Seasoned Loans March 13, 2020 Dennis Hollier The new products will allow Fannie to shed some of its credit risk and also reduce the amount of capital it has to hold against these loans.Read More
GSE Noncore Business: Volumes Wax, Percentages Wane March 13, 2020 Dennis Hollier Even as the percentage of GSE high-DTI loans fell, an odd thing happened: The actual dollar volume of these assets surged.Read More
SCOTUS and 5th Circuit Confuse Matters for FHFA and CFPB March 13, 2020 Dennis Hollier While the SCOTUS is still to decide on the CFPB’s fate, the Fifth Circuit Court of Appeals ruled the bureau is constitutional. FHFA implications.Read More
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