Dennis Hollier

Fannie Predicts Record Originations For 2020

September 16, 2020

The pencil sharpening represents a 13.8% jump from the $3.4 trillion Fannie predicted just month ago, and 88.8% more than the $2.06 trillion in originations the GSE forecast in January, before the advent of the coronavirus pandemic.

Short Takes: The LLPA That Still Stings / Implications? / An End to Portfolio Run-off / Waters Not Happy with GSE Diversity Efforts / Say It Ain’t So, Joe (Ventrone)

September 14, 2020

Paul Muolo and Dennis Hollier

Consultant Paul Hindman of Grid Financial on Monday relayed this thought: “The government giveth and the government taketh away"...

Mortgage Industry Disparages Re-Proposed Capital Rule

September 11, 2020

Dennis Hollier

The Structured Finance Association said it is concerned FHFA believes that, if the GSEs have capital levels similar to banks, the need for an explicit guarantee will be eliminated.

Housing Advocates: GSE Capital Rule Violates Duty-to-Serve

September 11, 2020

Dennis Hollier

Nonprofit groups said the new rule will lead to higher guarantee fees, potentially pricing many low-income families and families of color out of the GSE channel.

Fed MBS Holdings Near $2 Trillion

September 11, 2020

Dennis Hollier

The Federal Reserve Bank of New York will have likely added nearly $1.5 trillion of MBS to the System Open Markets Account by January, and the Fed will once again own more than a third of all agency product.

GSEs Confirm Credit Events on Certain CRT Deals

September 11, 2020

Dennis Hollier

The move indicates that investors holding certain Fannie Mae and Freddie Mac credit-risk transfers can expect losses.

Fannie Reassigns Hayward as Chief Administrative Officer

September 11, 2020

Dennis Hollier

Jeffery Hayward will assume the newly created position of chief administrative officer at Fannie. He will oversee affordable housing, as well as environmental, social and governance programs.

CSS Adds New Members to Leadership Team

September 11, 2020

Dennis Hollier

CSS has appointed Jina Hong as senior vice president and chief audit executive and Juanita Russell as senior vice president and chief financial officer.