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Regulation
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A Blowout 2Q21 for Freddie. Meanwhile, G-Fee Trouble Ahead?

July 29, 2021
Paul Muolo and Dennis Hollier
If mortgage lenders thought g-fees might decline this fall, they may be gravely disappointed. Meanwhile, the adverse market refi fee clearly boosted Freddie Mac’s 2Q21 results.
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FHFA’s Post-Calabria Priorities: Affordable Housing, More

July 29, 2021
Dennis Hollier
Lenders argue that Thompson should focus on reversing unpopular policies initiated when Mark Calabria was FHFA director. They point to unvetted credit requirements and the product caps included in the PSPAs.
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Grapevine: Harping on Ginnie / Who Will Ultimately Lead FHFA?

July 29, 2021
Paul Muolo
If Ginnie Mae hikes its capital requirement as proposed, it could reduce the number of issuer/servicers. But some nonbanks would benefit from reduced competition.
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And Just Like That, FHFA Drops Adverse Market Fee

July 22, 2021
Dennis Hollier
Fannie and Freddie raked in billions of dollars from the loan-level price adjustment before FHFA pulled the plug last week. Are more Calabria-era rules on the chopping block?
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Flood Insurance in Spotlight as FEMA Examines Policies

July 22, 2021
Brandon Ivey
Fannie Mae called upon FEMA to provide improved disclosures while some industry stakeholders suggested expanding the areas subject to mandatory flood insurance.
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Top Republican Wants Uejio to Testify About His Actions

July 22, 2021
Lisa Burden
CFPB Acting Director Dave Uejio has indicated his willingness to appear before the House Financial Services Committee to respond to Republican concerns over his actions of the past six months.
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Higher Capital Standards: Trouble Ahead or a Good Thing?

July 15, 2021
Paul Muolo
The government wants its MBS servicers to have more cash on hand, just in case. But what about Fannie and Freddie?
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Shareholders Consider Their Chances Post Collins

July 15, 2021
Dennis Hollier
The Supreme Court dealt GSE shareholders a blow in Collins, but cases before a DC district court and the U.S. Court of Federal Claims may finally get before a jury.
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Lenders Once Again Demand Rescission of PSPA Rules

July 15, 2021
Dennis Hollier
Trade groups are focusing on the PSPAs’ impact on the ability of the GSEs to cross-subsidize their affordable housing efforts.
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FHFA Acting Director Pushing Fair Lending Agenda

July 8, 2021
Dennis Hollier
Sandra Thompson’s elevation to acting director from her role as head of housing mission and goals presaged FHFA’s new focus on fair lending practices enforcement.
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