Industry Group Calls for Mark-to-Market Suspension April 10, 2020 Dennis Hollier The Real Estate Roundtable urged regulators to suspend mark-to-market rules as the industry fights off the economic impact of the coronavirus. Read More
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
Freddie Prices K-Deals Worth $1.7 Billion April 10, 2020 Dennis Hollier Freddie Mac priced two K-deals, which include separate floating-rate tranches linked to LIBOR and SOFR. Read More
Facing Coronavirus-Related Economic Chaos, Industry Wants Mark-to-Market Accounting Suspended April 10, 2020 Dennis Hollier In this context, mark-to-market rules lead to margin calls and repo-related foreclosures... Read More
Fannie Mae Economists Lower the Forecast Boom April 10, 2020 Dennis Hollier The coronavirus crisis appears to have already sent the U.S. economy into a technical recession, according to economists at Fannie Mae.Read More
After CECL, Industry Wants Mark-to-Market Suspended April 9, 2020 Dennis Hollier With markets reeling from the impact of the coronavirus, trade groups have called for the suspension of the mark-to-market accounting rule.Read More
As MBA Battles FHFA, Industry Banks on the Fed April 9, 2020 Paul Muolo and Dennis Hollier Nonbank liquidity remained a contentious issue this week with the FHFA shutting the Fannie/Freddie assistance window as the coronavirus continued to hammer the U.S. economy. Solutions? Maybe the Fed.Read More
Former Freddie CEO Offers a Fix for Mortgage Servicing April 9, 2020 Dennis Hollier The support mortgage servicers receive during the coronavirus crisis may be used as a cudgel to enforce key changes.Read More
FHFA Hires Law Firm to Advise on Ending Conservatorships April 9, 2020 Dennis Hollier Milbank has received a one-year, $3 million contract to provide legal services related to ending the conservatorships of the GSEs.Read More