Can the Industry Head Off the Cash Window Cap? February 4, 2021 Paul Muolo Trade group officials believe by opening a dialogue with regulators they can fix the GSE cash window “problem” that is looming.Read More
Ginnie Mae: An Agency Without a President or Candidates January 28, 2021 Paul Muolo A pop quiz: What backstops $2 trillion in mortgages, earns $1 billion-plus per year but still doesn’t have a permanent boss? Read More
MBS Market Now Dominated by Government Intervention? January 28, 2021 Dennis Hollier Have Federal Reserve policies, and the flood of refis that they’ve created, permanently altered MBS markets? Read More
Not Happening: Fannie and Freddie Out of Conservatorship by Jan. 20 December 17, 2020 Paul Muolo and Dennis Hollier As the clock winds down on the Trump White House, the GSE regulator continues to pull levers. Just not the big one. Credit: Steve Mnuchin.Read More
New QM Rule to Shift Market Share in Residential MBS December 17, 2020 Brandon Ivey More non-agency originations, lower market share of non-QMs and securitization of riskier loans are likely consequences of the CFPB’s new QM standards.Read More
Freddie’s First SOFR-Indexed Bonds Backed by SOFR ARMs December 10, 2020 Dennis Hollier Freddie issued its first multifamily K-deal in which both the floating-rate bonds and the underlying mortgages are indexed to SOFR.Read More
LIBOR’s End May be Delayed. Legacy Contracts Hang in the Balance December 3, 2020 The use of LIBOR as an index is slated to end in just under 13 months but the benchmark administrator has other ideas. One issue: legacy contracts.Read More
GSE Fears Averted, Can the Street Rest Easy? December 3, 2020 Paul Muolo Wall Street’s mind has been put to ease regarding an expedited conservatorship exit for Fannie and Freddie but concerns remain.Read More
Grapevine: Yellen, Phillips, Calabria and the GSEs... November 25, 2020 Paul Muolo A new White House and a new Treasury secretary means exactly what for Fannie and Freddie? We’re about to find out...Read More
Freddie Reports Erroneous Removal of Loans from MBS November 19, 2020 The announcement comes just a week after Fannie reported a similar error. However, in Freddie’s case, the prepayments only impacted nine pools. Read More