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OIG Says FHFA Needs Better Oversight Of Fannie’s Corporate Governance Policies

February 8, 2018
The Federal Housing Finance Agency Office of Inspector General took issue with the way Fannie Mae handles potential conflicts with its senior executive officers and wants the FHFA to pay closer attention to the problem.
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Retail Loans Less Risky in Agency Market

February 7, 2018
John Bancroft
Although Freddie Mac had a higher average credit score than its rival GSE, Fannie Mae had slightly lower average DTI and LTV ratios…
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Freddie Mac Looks to Carve Out New Niche for Specified Pools

February 7, 2018
Carisa Chappell
Mortgages with low loan balances appeal to investors because of their lower prepayment risk…
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MBA Chairman Motley Hopeful that HUD Will Act Soon on FHA Clarifications

February 7, 2018
Paul Muolo
The trade group chief said uncertainty still exists around FHA loan level certifications…
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Short Takes: The FHFA Version of Mick Mulvaney / Political Appointees at the FHFA? / Waiting on Hensarling’s GSE Draft / A Strong Profit for Genworth / Reverse Lender Goes Forward

February 7, 2018
Paul Muolo
Rep. Hensarling, a Republican from Texas, has yet to unveil a legislative blueprint…
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Chairman of House Financial Services Subcommittee Pondering GSE Reform

February 6, 2018
Carisa Chappell and Paul Muolo
MBA’s Dave Stevens worries about what might happen to the mortgage market under a Trump-appointed FHFA director…
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Short Takes: What Stock Market Correction? / Bond Prices? / Fretting Over Fannie-Freddie Common / The GSE Message from Jeb and Steve / BlackRock Likes Genworth / New Penn Gets a New President / FSR Chief Pawlenty Departs

February 6, 2018
Carisa Chappell and Paul Muolo
The price of Fannie Mae and Freddie Mac common is getting smacked around...
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Fannie’s Re-entry into the LIHTC Market: $100 Million for Affordable Rentals

February 5, 2018
Carisa Chappell
The Raymond James Affordable Housing Fund is part of the GSEs’ effort to provide capital for affordable rental housing and underserved markets.
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Short Takes: Ginnie is Good, but is it That Good? / Brunts Bolts Freddie for USB / Moody’s Downgrades New Rez, Citing Reliance on Subs / The Wild Ride of the 10-Year Treasury / New Mortgage Chief at SunTrust

February 5, 2018
Paul Muolo
On Friday, Moody’s downgraded the issuer rating of New Residential Investment Corporation...
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Corker’s GSE Reform Draft Includes Multiple Guarantors, Ginnie Wrap

February 2, 2018
Reforming the housing-finance system under the plan from Sen. Bob Corker, R-TN, includes having at least a handful of guarantors, winding down the GSEs and establishing a mortgage insurance fund with private capital, according to a leaked draft making the rounds this week. The 80-page document seeks to promote competition in the marketplace by having five or six guarantors of conventional mortgage-backed securities, with none of them getting more than 20 percent to 25 percent of the market. Those new guarantors would be expected to launch within two years. Section 809 of the legislation spells out that “as promptly as practicable” the FHFA can greenlight Fannie Mae and Freddie Mac to “sell or transfer” their assets.
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