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GSE LIHTC Funding Averts Affordable Housing Crisis

September 6, 2019
Dennis Hollier
When Congress passed the Tax Cuts and Jobs Act in December 2017, one of the major concerns was the impact it would have on the LIHTC program.
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Will MBS Yield to Inverted Curve?

September 6, 2019
Dennis Hollier
The bond market is upside down. Since Aug. 27, all Treasury notes with maturities of one year and lower have had greater yields than the 10-year.
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FHFA Caps Executive Pay at the GSEs

September 6, 2019
Dennis Hollier
The latest FHFA directive is something of a mystery. In separate 8-Ks, both Fannie and Freddie point out that no employees currently receive a base salary of more than $600,000.
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Two Views on the Patch: Adam Levitin, Redwood Trust

September 6, 2019
Dennis Hollier
"The CFPB’s job is not to regulate market share in the secondary mortgage market,” says Adam Levitin.
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FHLBank Earnings Decline in 2Q19

August 23, 2019
Dennis Hollier
The Federal Home Loan Bank System saw a 21.2% decline in earnings during the second quarter of 2019.
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FHFA Reverses Course on Credit Score Model 

August 23, 2019
Dennis Hollier
A new rule means FICO will face competition as a credit scoring model for homebuyers, potentially expanding the number of mortgage applicants dramatically.
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Fifth Circuit Rules for Fannie in Defamation Suit

August 23, 2019
Dennis Hollier
An appeals court has twice rejected discrimination and defamation claims by an employee fired for working with an unapproved contractor.
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Will G-Fees Pay for Trump’s Payroll Tax Cut?

August 22, 2019
Dennis Hollier
Despite the president’s quick reversal of course on his proposal to cut payroll taxes, the housing industry remains worried g-fee may be tapped somehow.
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GSEs Managing Volumes to Stay Under Their Multifamily Caps

July 26, 2019
Dennis Hollier
Falling interest rates and rising NOIs drive a surge in Fannie's and Freddie’s multifamily business. One problem: how to stay under the cap.
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Waiting on the Fifth Circuit in the Net Worth Sweep Case

July 26, 2019
Dennis Hollier
Last summer’s blockbuster ruling from the Court of Appeals was a mixed bag for both plaintiffs and defendants. The long-expected appeal of that decision promises more of the same.
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