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Another Strong Profit for Freddie Mac: $2.4 Billion; A $1.6B Dividend Payment is Expected

July 31, 2018
Paul Muolo
Once the $1.6 billion is upstreamed to Treasury, Freddie will have an account surplus of $42.4 billion...
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Short Takes: The $600,000 Man / Freddie CEO Layton Says He Thinks About Leaving … And Staying / More CRTs on the Way? / FHFA Extends Capital Comment Period / A New Hire for MGIC

July 31, 2018
Carisa Chappell and Paul Muolo
Layton said Freddie is exploring the use of additional credit risk transfers...
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FHA/VA Serious Default Rates Down in 2Q18

July 30, 2018
John Bancroft
FHA officials are worried about rising concentrations of higher-risk loan characteristics…
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Certain Industry Factions Concerned About Growing GSE Footprint in Multifamily

July 30, 2018
Carisa Chappell
Fannie and Freddie have increased their market share in multifamily to 60 percent compared to 52 percent two years ago, according to former Obama administration official Michael Stegman…
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Buck Up, Nonbanks. The FHLB Chicago is on Your Side

July 30, 2018
Paul Muolo
REITs exploited the captive loophole earlier in the decade, gaining access to low-cost FHLBank advances.
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Speculation Mounts: Will Watt Step Down Early from the FHFA?

July 30, 2018
Paul Muolo
EEO investigations, according to one observer, must be completed within 180 days.
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As GSEs Ready 2Q18 Results, the Industry’s Lobbying Focus Shifts from Capitol Hill to Pennsylvania Avenue

July 27, 2018
Fannie Mae and Freddie Mac in a few days are expected to report second-quarter results that likely will top earnings of the prior period when they posted a combined net profit of $6.5 billion, according to an analysis by Inside MBS & ABS.
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Non-Mortgage ABS Issuance Slowed in 2Q18, but Production is Ahead of Last Year’s Pace

July 27, 2018
John Bancroft
Most of the major product categories had some slippage in the second quarter.
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How Large a Profit for Fannie and Freddie in 2Q18?

July 27, 2018
Paul Muolo
As GSE investor James Fenkner put it: “Yes, the U.S. Treasury will be cashing in again nicely next week.”
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What We’re Hearing: The Task Ahead for Ed DeMarco / A New Front in GSE Reform / Congress Now Deemed Totally Hopeless When it Comes Fixing the Nation’s Housing Finance System / Layoffs at Pacific Union Financial / A Promotion at Wells Fargo

July 27, 2018
Paul Muolo
As for what might be in the Hensarling bill, the conservative from the Lone Star state wasn’t offering…
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