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Missing in Action: The Mortgage Industry’s Recommendations Regarding FHFA's Strategic Plan

April 25, 2022
Dennis Hollier
MBA expressed reservations about FHFA’s pursuit of examination authority over nonbank servicers, efforts to ensure a level playing field and more...
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Short Takes: Wells Fargo Layoffs / Black Knight’s New Tool / Delinquency Low / MISMO Request

April 25, 2022
Monica Hogan
Wells Fargo layoffs hit home lending division; Black Knight launches tool to confront appraisal bias; mortgage delinquencies hit record low in March; and more...
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FHFA’s New Strategic Plan Ignores Many Industry Concerns

April 25, 2022
Dennis Hollier
The agency’s finalized strategic plan is almost unchanged from the draft version, despite recommendations and criticisms from mortgage industry stakeholders.
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Nonbanks Gain More Share of GSE Servicing in First Quarter

April 22, 2022
Dennis Hollier
Megabanks topped the list of GSE servicers in the first quarter of 2022, but they continued to lose market share to nonbank servicers. (Includes two data charts.)
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More Criticism of FHFA’s Proposed Eligibility Requirements

April 22, 2022
Dennis Hollier
Early comments suggest widespread concern that the proposed increases in liquidity and capital requirements for GSE seller/servicers are unnecessary and maybe counterproductive.
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Bove: Fed Exit Threatens GSEs, Mortgage Market

April 22, 2022
Dennis Hollier
The industry veteran asks: If the GSEs lose their largest buyer, where will the money come from to support the 30-year, fixed-rate mortgage?
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Fannie’s Home Price Index Stands Out from FHFA’s

April 22, 2022
Dennis Hollier
The new repeat-sale index includes both GSE and non-GSE transactions and is augmented by appraisal data in regions with few sales. Plus, it’s free.
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CBO Describes One Way to Model GSE Costs

April 22, 2022
Dennis Hollier
Economists use risk-based models of future GSE cash flows to calculate costs of the government’s backing of catastrophic losses.
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San Francisco FHLBank Wants to Fund Infrastructure

April 22, 2022
Dennis Hollier
Allowing the FHLBanks to offer letters of credit backed by locally issued tax-exempt bonds could speed work on waste and water treatment facilities, road and bridge repairs and other municipal infrastructure.
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Freddie’s Social Bond Issuance Targets Senior Housing

April 22, 2022
Dennis Hollier
The deal will help support the development of 1,500 units of senior housing in Arizona, more than half of which will be affordable to renters with incomes lower than 50% of AMI.
Read More
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