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Critics Say Fannie and Freddie May Pose More Risk to Housing Finance than Before the Crisis

September 7, 2018
Fannie Mae and Freddie Mac pose more risk to the housing finance system today than they did a decade ago, according to some witnesses at a House Financial Services Committee hearing this week.
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10 Years After GSE Takeover, Mortgage Execs Weigh In: Leave Fannie and Freddie Alone

September 7, 2018
Paul Muolo
Industry consultant Tim Rood said the first rule for GSE reform should be: “Do no harm.”
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What We’re Hearing: Ex-Goldman Partners See Gold in the Subprime Hills / Under the Radar / Strong Non-QM Volumes from Angel Oak and Citadel / The Conventional Loan of the Future: Five Percent Down at Least / DeMarco Weighs In / Signs of Overheating: Home

September 7, 2018
Paul Muolo
Former Federal Housing Finance Agency Acting Director Ed DeMarco told us the bill is a good starting point and includes language that both Democrats and Republicans can agree on...
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First-Time Buyers Continue Gaining Share in Red-Hot Purchase Market; PMIs Step Up…

September 6, 2018
John Bancroft
The nation’s PMIs have made a significant dent in the first-timer market, insuring a greater volume of mortgages guaranteed by Fannie and Freddie…
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Fannie Mae Hires Ex-FGMC CEO Andy Peters as ‘Strategy Advisor’

September 6, 2018
Paul Muolo
Peters departed First Guaranty Mortgage Corp. earlier this year...
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Freddie CEO Don Layton Announces His Retirement. (Good Luck Finding a Successor)

September 6, 2018
Paul Muolo
Finding a suitable candidate could prove difficult because of a $600,000 salary cap placed on the position by Congress back in 2015.
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10 Years After GSE Takeover, Mortgage Execs Weigh In: Leave Fannie and Freddie Alone

September 6, 2018
Mortgage lenders that rely on Fannie Mae and Freddie Mac for liquidity have a simple message for policymakers in Washington regarding what to do about the government-sponsored enterprises: Leave them alone. The two are working just fine.
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In His Waning Days as HFSC Chairman, Hensarling Introduces New GSE Reform Bill. (Yes, Really)

September 6, 2018
Paul Muolo
One housing lobbyist dismissed the bill as misguided, adding: “This is like someone laying on their death bed after drinking and sinning and finally realizing they need to get baptized.”
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Agency MBS Production Up Again in August. For Purchase Business, a Post-Crisis High

September 6, 2018
John Bancroft
August often sets the high-water mark for annual purchase-loan business for the agencies…
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29 Trade Groups and Organizations Ask White House and Congress to ‘Cement’ GSE Progress

September 5, 2018
Paul Muolo
The letter – signed by trade groups both large and small – comes a day before the 10th anniversary of the federal takeover of Fannie and Freddie...
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