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Inside The GSEs
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VantageScore Hires Fannie Official; Ups the Ante on its War with FICO

December 7, 2018
VantageScore Solutions has hired Emre Sahingur, a former chief risk officer for model risk management at Fannie Mae, as senior vice president for predictive analytics, research and product management.
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KBW Analysts Expect Surge in REIT Participation in GSE CRT Deals

December 7, 2018
Real estate investment trusts will increasingly become key investors in the credit-risk transfer market, according to recent analysis by Keefe, Bruyette & Woods.
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Stress Tests Show Stark Contrasts Among Federal Home Loan Banks

December 7, 2018
Stress tests of the 11 Federal Home Loan Banks went off without a hitch this year. But a closer look reveals varying performance among the banks in the event of a major economic downturn and their relative exposure to the risks measured by the tests.
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NY Law Firm to Pay $6.1 Million to Settle Fannie, VA Fraud Charges

December 7, 2018
Law firm Rosicki, Rosicki & Associates, along with two affiliates, has agreed to settle a civil lawsuit alleging the companies systematically defrauded Fannie Mae and the Veterans Administration by routinely overcharging them and submitting false bills for foreclosure and eviction-related expenses.
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GSE Roundup

December 7, 2018
Freddie Mac issues a checklist, the IG at the FHFA concludes an investigation and brokers thrive in California. [Includes one data chart.]
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How to Shrink the GSE Footprint Without Having to Ask Congress to Do Anything

December 7, 2018
Speculation is rampant that the Trump administration will appoint a new director of the Federal Housing Finance Agency who will begin carving away chunks of the single-family mortgage business that Fannie Mae and Freddie Mac now finance in conservatorship.
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Agency MBS Issuance Not-So-Bad in November 3Q18, Off by Just 1.0 Percent

December 7, 2018
John Bancroft
Agency production last month was buoyed by an increase in securitization of refinance loans…
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How to Shrink the GSE Footprint Without Having to Ask Congress To Do Anything

December 7, 2018
John Bancroft
Want to shrink Fannie and Freddie? Cut investor loans, then move on to cash-out refis…
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What We’re Hearing: Mark Calabria to Head the FHFA (Looks That Way) / Can Mulvaney Fix the U.S. Debt Problem? / Keeping the Debt Clock at the HFSC? / Kraninger Yes, Michael Bright No / Nomura and Ditech (More) / CMG Mortgage Hires Regency Executive / Home

December 7, 2018
Paul Muolo
If Michael Bright is not confirmed in the current Congress, President Trump will have to re-nominate him...
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GSE Single-Family Business Steady in November Thanks to Freddie

December 7, 2018
Single-family mortgage business volume fell slightly from October to November, while refinance activity actually grew. [Includes two data charts.]
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