FHFA Announces Listening Sessions for Capital Rule August 28, 2020 Dennis Hollier After the comment period on the re-proposed GSE capital rule closes, the FHFA will hold “listening sessions” allowing stakeholders to elaborate on their comments.Read More
Freddie’s CRT Program Shifts Gears August 28, 2020 Dennis Hollier Freddie originally planned to issue a $550 million STACR, but then increased the offering size to $1.1 billion due to investor demand.Read More
Fannie’s Single-Family Green Bond Program Tops $40M August 28, 2020 Dennis Hollier The first-of-its-kind MBS backed by single-family homes that are energy efficient has been endorsed by Cicero Shades of Green.Read More
(Very) Small Signs of Life Amid a Parched MSR Market August 28, 2020 Dennis Hollier Signs of life in the servicing sales arena? A little bit of late, but don’t bet the farm on it.Read More
FHFA, HUD Extend Foreclosure Moratorium to Yearend August 28, 2020 Dennis Hollier In the case of the GSEs, multifamily loans are not covered by the extension...Read More
Prepayment Speeds Actually Declined in July. Strange? August 28, 2020 Dennis Hollier Assuming an average prevailing interest rate of 2.99%, Fannie Mae estimates that 64% of all mortgages are at least 50 basis points "in the money."Read More
Prepayment Speeds Decline in July. Odd, Isn’t It? August 27, 2020 Dennis Hollier The fall in prepayment speeds follows four successive months of steady increases. This may have something to do with how the rate is calculated.Read More
Fannie, Freddie on Track for LIBOR Transition August 27, 2020 Dennis Hollier Beginning Sept. 1, all new floating rate quotes for multifamily loans can only be indexed to SOFR, the two GSEs said.Read More
FHFA Delays Controversial GSE ‘Adverse Market Fee’ August 27, 2020 Dennis Hollier After hearing the industry’s clamor, the FHFA delayed the 50-basis-point fee while also exempting low-balance loans.Read More
Multifamily Borrower/Owner Charged with $28M Fraud August 27, 2020 Dennis Hollier Michael Fein, owner and manager of apartment complexes, has been indicted for using false rent rolls to obtain federally-guaranteed loans.Read More