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Originations
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Freddie's 4Q Results Get Smacked Around Because of Tax Changes, Will Need a $312 Million Check from Treasury

February 15, 2018
Paul Muolo
All totaled, the new tax law will result in Treasury – which owns the senior preferred stock of the GSEs – forking over $4.01 billion to aid Fannie and Freddie...
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Mortgage Insurers Lost Market Share Late in the Year, but Industry Gained Overall in 2017

February 15, 2018
John Bancroft
After surging to an unusually high level of 26.6 percent in 2016, market share for the VA home-loan guaranty program eased to 24.1 percent last year…
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CFPB Continues with its ‘Public Input Series,’ Wants Feedback on Supervisory Processes

February 15, 2018
Thomas Ressler
This is the fourth in a series of RFIs announced as part of Acting Director Mick Mulvaney’s “call for evidence.”
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Behind the White House’s Request to Shore Up FHA Tech: 73 System Outages in 2017

February 15, 2018
John Bancroft
The budget proposal calls for exempting “small lenders” – companies that generate about 20 percent of FHA business – from the IT fee.
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At $600K a Year, Fannie Mae CEO Tim Mayopoulos is Underpaid. GSE Worries About CEO ‘Succession’ Planning

February 15, 2018
Paul Muolo
No one has suggested publicly that Mayopoulos is unhappy with his pay, but in a new 10-K filing, Fannie worries that...
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Short Takes: Is Mel Watt Dropping Hints? / A Utility Model for Fannie and Freddie? / Refi Applications on the Rise (Ever So Slightly) / No (Permanent) Ginnie Prez, No FHA Chief / Uber Executive’s Foray Into Mortgages

February 15, 2018
Brandon Ivey and Paul Muolo
Joshua Rosner, managing director of Graham Fisher & Co., states: “This sounds like the early stages of a utility model..."
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Why Not Make the FHLBanks MBS Guarantors Too?

February 14, 2018
Carisa Chappell
Under this arrangement, the FHLBanks would be “jointly and severally liable” for the obligations of any single-family guarantor formed under the new system…
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127 Mortgage Banking Executives Sign ‘Open Letter’ to Congress on GSE Reform

February 14, 2018
Paul Muolo
Housing finance reform legislation is being worked on in the House and Senate but has yet to be formally introduced.
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New Tax Law Blows a Hole in Fannie Mae’s 4Q17 Results, FHFA to Ask Treasury for $3.7B in Cash to Eliminate the ‘Net Worth’ Deficit

February 14, 2018
Paul Muolo
As National Association of Realtors Vice President Joe Ventrone put it: “It’s an unintended consequence of the tax bill rather than falling into the bailout narrative.”
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Quicken Loses Another Top Executive, This Time EVP Pete Carroll

February 14, 2018
Paul Muolo
At Quicken, Carroll served as executive vice president where he helped develop the lender’s positions on key policy issues.
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