Freddie Posts Huge Earnings for 1Q13, Ponders $30B of Deferred Tax Assets May 8, 2013 Paul Muolo and Charles Wisniowski Freddie Mac has been profitable for six quarters but needs to show positive earnings for six more before it can recapture its deferred tax asset. Read More
FHFA Seeks Comment to Refine Its Planned National Survey of Mortgage Borrowers May 7, 2013 Charles Wisniowski The Federal Housing Finance Agency plans to survey residential borrowers about how they were treated by lenders.Read More
FHFA Limits GSEs to Only Qualified Mortgages, So Long Interest-Only Loans May 6, 2013 Charles Wisniowski It's official: Come January of next year, Fannie Mae and Freddie Mac will only be able to purchase qualified mortgages. Read More
Steadfast Wants to Help Nonbanks Raise Capital / Stevens Seeks a Dialogue with FHFA on New Regs / BofA (Sort of) Comments on MSR Sale / Daurio Continues Hunt for Subprime Cash / GSE MF Worthless? May 6, 2013 Paul Muolo and Charles Wisniowski A new investment banking firm wants to help nonbanks raise capital.Read More
Democrats Laud Watts Nomination to FHFA, Continue Dump DeMarco Demands May 2, 2013 Charles Wisniowski Despite the nomination of Rep. Mel Watt (D-NC) to head FHFA, certain Democrats want Acting Director Edward DeMarco fired. Now.Read More
Short Takes: FHFA Issues Progress Report on Securitization Platform / But Little Progress in Finding a Platform CEO / Union Bank Buys LPS Software / Ally Totally Out of MSRs / Shiller Not so Bullish on Housing May 1, 2013 Paul Muolo and Charles Wisniowski FHFA issues progress report on the "common securitization platform" but no CEO is in place yet. Meanwhile, Ally is out of MSRs totally.Read More
Freddie Exec: Common Securitization Platform Builders Face Very Consequential Decisions' April 30, 2013 Charles Wisniowski It's not easy building a common securitization platform, so writes a Freddie Mac executive in a new blog posting.Read More
Freddie to Retire Software for Handling Delinquent Mortgages April 29, 2013 Charles Wisniowski Freddie Mac is phasing out a software package that helps with the servicing of delinquent loans, a move that could help private sector technology vendors.Read More
S&P Strikes Back on MBS Case, Calls Governments Fraud Lawsuit Overreach April 24, 2013 Charles Wisniowski Standard and Poor's is fighting back against the federal government in its $5 billion MBS fraud case.Read More
FHFA IG Says Agency Needs More Examiners April 18, 2013 Charles Wisniowski The Inspector General of the Federal Housing Finance Agency says the agency needs more examiners to keep an eye on the GSEs.Read More