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Senate Committee Reschedules Hearing on Fannie, Freddie Pilots

October 26, 2018
A Senate hearing on Fannie Mae and Freddie Mac pilot programs is back on the schedule for the lame-duck session of Congress following the elections next month.
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GSEs Preparing Industry for 2019 Launch of Major Initiatives

October 26, 2018
Fannie Mae and Freddie Mac said it’s critical that the mortgage industry prepare now to implement both the Uniform Mortgage Data Program and the single security next year.
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Fannie Deploys New Tool to Help Servicers with Investor Reporting

October 26, 2018
Fannie Mae recently introduced a new tool – the Loan Servicing Data Utility platform – to simplify investor reporting.
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Private MIs Push for More Transparency in GSE Pricing, Underwriting

October 25, 2018
John Bancroft
While the FHFA has proposed a formal rulemaking on GSE capital, the current standard known as the conservatorship capital framework has not been made public…
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Short Takes: HUD Chief on GSE Reform / Carson’s Sober Take on Interest Rates / New Rez’s MSR Bet Paying Off? / In Love with a 4 Percent Mortgage / Incenter Executive Leaves for Blue Water

October 25, 2018
Paul Muolo
HUD Secretary Ben Carson had some sobering thoughts about low interest rates...
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Senate Banking Committee Hearing on GSE Pilots is Back On – Post Election

October 23, 2018
Paul Muolo
Cowen expects the next FHFA director to either terminate the GSE pilots or let them expire...
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Short Takes: HUD Shows its Enforcement Stripes / Otting, the Next (Interim) FHFA Director? / Sprout Mortgage Feeds Verus Nonagency MBS / Mayer Brown Hires CMG Attorney

October 22, 2018
Paul Muolo and Brandon Ivey
Otting is Comptroller of the Currency. The speculation is that he will pull a Mick Mulvaney and wear two hats for a while…
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Fannie and Freddie Just About Done Financing SFR Operators, But Review of the Pilot May Not Come Soon

October 19, 2018
Freddie Mac recently confirmed that it will provide indirect financing of $51.3 million to Reven Housing REIT, a publicly traded company that owns and manages 824 single-family rental units.
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Fannie, Freddie CEOs Cite Benefits of Conservatorship Discuss What the Future Holds for the Mortgage Industry

October 19, 2018
The CEOs of Fannie Mae and Freddie Mac – one recently departed, the other soon to leave – told attendees at this week’s annual convention of the Mortgage Bankers Association that a number of good things came out of the 10-year conservatorship of the two government-sponsored enterprises.
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What We’re Hearing: One Last Criticism from Jeb Hensarling Regarding the FHFA / In Agreement on 80 Percent / Departing Fannie, Freddie Directors May Pose a Challenge / Two Major Concerns: Originations and Profit Margins / Plaza Home Wants AEs / Bill Ashmo

October 19, 2018
Paul Muolo
The FHFA IG says "a number" of director positions at Fannie and Freddie are set to expire: "Changes in leadership can lead to a lack of attention to internal controls..."
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