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Fannie Mae Completes $11 billion CIRT Transaction

December 18, 2018
Dennis Hollier
Fannie Mae retains risk on the first 150 basis points of losses...
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ARM Share Drops in the Third Quarter

December 18, 2018
Brandon Ivey
The ARM share typically goes up when interest rates rise, but not this time around…
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Speculation Centers on Clinton Jones for FHA Commissioner

December 18, 2018
Paul Muolo
Clinton Jones has worked for the HFSC since February 2013. From 2007 to 2008 he was a registered lobbyist for Fannie Mae.
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Short Takes: Freddie Mac’s New CEO? / Jeb’s Last Stand? Maybe Not / A ‘Comical’ Situation / A Low Grade for Hensarling? / Fannie’s New Chairman

December 18, 2018
Paul Muolo
As one veteran industry lobbyist explained with a hint of ire: “You’re telling me that a bunch of lame duck Congressmen who lost an election are going to show up on the Friday before Christmas?”
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Deputy HUD Secretary Pam Patenaude Quits After 15 Months on the Job

December 17, 2018
Paul Muolo
She brought a certain depth of knowledge to the table for her boss, Ben Carson, a career brain surgeon with little in the way of housing and mortgage experience.
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FHA and VA Introduce New Loan Limits for 2019

December 17, 2018
George Brooks
FHA will increase its floor for forward mortgages to $314,827 from $294,515.
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Outlook for Prime Non-Agency MBS Tied to GSE Pricing, Tools

December 17, 2018
Brandon Ivey
With Mel Watt’s term as FHFA director ending in early January, a new director appointed by President Trump is widely expected to take actions to reduce the GSEs’ footprint…
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Ginnie Stats Reveal Sharp Increase in FHA Risk Layering Over Two Years

December 17, 2018
John Bancroft
Loans with DTI ratios exceeding 50 percent accounted for 29.60 percent of FHA business in Ginnie MBS during the first two months of the fourth quarter…
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MBS Trading Hammered. Will the Stock Market Carnage Continue, Leading to Lower Rates?

December 17, 2018
Paul Muolo
The latest reading is a sign that liquidity is suffering and the creation of new agency securities is in the doldrums...
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Short Takes: CBO Wants to Raise G-Fees to Reduce the Federal Deficit / On-Balance Sheet GSEs or Off? / 5 to 15 Basis Points / The Cash Cows are Ready to Give Milk / It’s All About the Math

December 17, 2018
Paul Muolo
The Congressional Budget Office wants to hike g-fees by 5 basis points in October 2019 and then 15 basis points after 2021.
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