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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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Short Takes: That Was Then, This is Now (Fannie/Freddie) / Not Much Traction / Invitation Homes’ SFR Portfolio: 80,000 Rentals / Former FHFA Chief Nominated by Trump / A New Hire for Pavaso

September 5, 2018
Paul Muolo
Since 2012, Fannie and Freddie have been minting money...
Read More
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