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Inside The GSEs
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G-Fees Outpace GSEs’ Rate-of-Return Target in 2021

November 18, 2022
Dennis Hollier
The average g-fee charged on single-family loans in 2021 rose from 54 basis points to 56 bps. Much of the increase can be traced to 15-year fixed-rate refinances, which were subject to an extra adverse market fee.
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Freddie Will Issue No More STACR in 2022

November 18, 2022
Dennis Hollier
The enterprise issued more credit-risk transfer deals this year than last. But increasing interest rates have made the deals less and less attractive for Freddie.
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Fannie Moves Public APIs to a New Home

November 18, 2022
Dennis Hollier
The tools, which help automate access to Fannie data, had been housed on The Exchange platform. They will continue to be available, but via the enterprise's Developer Portal.
Read More

Freddie Veteran Returns to the Fold

November 18, 2022
Dennis Hollier
Ravi Shankar rejoins Freddie Mac after stints at both the Boston Consulting Group and United Wholesale Mortgage.
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FHFA Goes Public With GSE Valuation Data

November 4, 2022
Dennis Hollier
FHFA is betting the formerly proprietary appraisal data of Fannie and Freddie can help reduce bias in the marketplace.
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G-Fee Hikes May be Needed to Replace LLPA Revenue

November 4, 2022
Dennis Hollier
By some estimates, the enterprises will have to increase guarantee fees by about 3 basis points to offset the lost revenue from FHFA's targeted elimination of LLPAs.
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FHFA's Review of the FHLBanks Gets into Gear

November 4, 2022
Dennis Hollier
While the FHLBanks tout the utility of the system’s status quo, small independent mortgage bankers push a change that would give nonbanks access to FHLB credit without FHLB membership.
Read More

Geographic Diversification Limits Impact of Ian on Fannie Mae

November 4, 2022
Dennis Hollier
None of Fannie's multifamily CRT transactions has an exposure to storm damage exceeding 1% of UPB.
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Fannie Announces Winning Bidder for Latest CIP Pool

November 4, 2022
Dennis Hollier
A nonprofit specializing in housing for the homeless, aged, and persons with mental disabilities wins the auction on 16 nonperforming loans in Miami.
Read More

Effective Prefunding Reviews Strengthen Quality Control

November 4, 2022
Dennis Hollier
Prefunding reviews allow the lender to identify defects while the loan is being manufactured, potentially avoiding costly repurchases.
Read More
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