Fannie Mae Hires Ex-FGMC CEO Andy Peters as ‘Strategy Advisor’ September 6, 2018 Paul Muolo Peters departed First Guaranty Mortgage Corp. earlier this year...Read More
Freddie CEO Don Layton Announces His Retirement. (Good Luck Finding a Successor) September 6, 2018 Paul Muolo Finding a suitable candidate could prove difficult because of a $600,000 salary cap placed on the position by Congress back in 2015. Read More
In His Waning Days as HFSC Chairman, Hensarling Introduces New GSE Reform Bill. (Yes, Really) September 6, 2018 Paul Muolo One housing lobbyist dismissed the bill as misguided, adding: “This is like someone laying on their death bed after drinking and sinning and finally realizing they need to get baptized.”Read More
Agency MBS Production Up Again in August. For Purchase Business, a Post-Crisis High September 6, 2018 John Bancroft August often sets the high-water mark for annual purchase-loan business for the agencies…Read More
29 Trade Groups and Organizations Ask White House and Congress to ‘Cement’ GSE Progress September 5, 2018 Paul Muolo The letter – signed by trade groups both large and small – comes a day before the 10th anniversary of the federal takeover of Fannie and Freddie... Read More
Short Takes: That Was Then, This is Now (Fannie/Freddie) / Not Much Traction / Invitation Homes’ SFR Portfolio: 80,000 Rentals / Former FHFA Chief Nominated by Trump / A New Hire for Pavaso September 5, 2018 Paul Muolo Since 2012, Fannie and Freddie have been minting money...Read More
Freddie CEO Don Layton Announces His Retirement September 5, 2018 Paul Muolo For its internal candidate, Freddie has identified David Brickman to succeed Layton.Read More
GSE Buybacks Declined in 2Q18, but Pipeline of Pending Demands Grew September 4, 2018 John Bancroft Only a trace amount – 0.5 percent – of unresolved buyback cases were related to loans purchased by the GSEs before 2009.Read More
Trades Working on a ‘Don’t Do Anything Rash’ GSE Letter to Treasury September 4, 2018 Paul Muolo There’s a growing concern about a potential reduction in GSE loan limits…Read More
Mortgage Banking Income at Depositories Held Steady in 2Q18, Call Reports Show September 4, 2018 John Bancroft For many depositories, there’s a significant mismatch between their reported mortgage banking income and what’s on their call reports…Read More