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FHFA IG Notes Lack of Transparency in CSP Costs

December 28, 2016
Carisa Chappell
Instead, the FHFA only disclosed specific CSP cost data once – in a September 2015 status report…
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Is it the End of an Era for GSE Loan Buybacks?

December 27, 2016
John Bancroft
Excluding legacy-related buybacks, total GSE seller repurchases would have been down 9.9 percent…
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DB and Credit Suisse Settle Legacy MBS Cases with DOJ; Barclays Faces New Lawsuit

December 27, 2016
Brandon Ivey
Subprime MBS cases continue to haunt Wall Street…
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Treasury Department Officials: Obama Supports ‘Explicit’ Guaranty on a ‘Defined Class’ of MBS

December 27, 2016
Carisa Chappell and Paul Muolo
Some GSE observers believe an “implicit” guaranty is the same thing as an “explicit” one…
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CBO Says Fannie and Freddie Should Raise G-Fees

December 22, 2016
Carisa Chappell
Reducing subsidies also would help renew private sector participation in the secondary market, the Congressional Budget Office believes…
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Freddie Issues its First CRT Securitization Backed by Seasoned Mortgages

December 22, 2016
Brandon Ivey
The mortgages in the CRT deal have seasoned for an average of 10 years and are serviced by Select Portfolio Servicing.
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Fitch Ranked Tops in Rating Non-Mortgage ABS During First Nine Months of 2016

December 22, 2016
John Bancroft
Fitch had a 55.3 percent share of the ABS ratings market through September...
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AMC Dominates Third-Party Due Diligence Completed on Non-Agency MBS

December 20, 2016
Brandon Ivey
Fitch said AMC’s market share of due diligence on non-agency MBS was boosted by the acquisition of JCIII & Associates a year ago.
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A Bullish Sign for Fannie and Freddie? Rep. Mulvaney as Trump’s OMB Director?

December 19, 2016
Paul Muolo
Treasury controls the senior preferred stock of the GSEs. The junior preferred and common continues to trade in the over-the-counter market and through private transactions. The latter two classes of stock are considered speculative in nature.
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Securitization Rates Jumped Higher in 3Q16

December 19, 2016
John Bancroft
For the first nine months of 2016, the securitization rate was 67.7 percent, Inside MBS & ABS found…
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