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Inside The GSEs
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Early Comments on the Changes to GSE Capital Rule

November 12, 2021
Dennis Hollier
Critics say the amendments correct some of the flaws in the rule finalized last December, but it’s still far too conservative when compared to historic losses at the GSEs.
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FHFA Recalculates the Cost of Forbearance for the GSEs

November 12, 2021
Dennis Hollier
An OIG report finds the GSEs’ expected cost from pandemic-related forbearances has climbed about 30% in the past year.
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Infrastructure Bill Revives 10-Basis-Point G-Fee Surcharge

November 12, 2021
Dennis Hollier
The fee, passed a decade ago to help pay for a temporary payroll tax cut, expired Oct. 1. Democrats resurrected it for another decade to help pay for infrastructure priorities.
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Freddie to Expand Research on Appraisal Bias

November 12, 2021
Dennis Hollier
Roughly half of appraisers who work in both white and minority neighborhoods appear to systematically undervalue homes in predominately minority census tracts.
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Fannie Resurrects CIRT Program

November 12, 2021
Dennis Hollier
The Federal Housing Finance Agency’s proposed amendments to the capital rule bring the mortgage giant back to the CRT table.
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FHFA Fills Positions in Research and Legal Areas

November 12, 2021
Dennis Hollier
Dan Coates, senior advisor to Acting Director Sandra Thompson, will take over as head of the Division of Research and Statistics.
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Fed to Reduce Purchases of Agency Securities

November 12, 2021
Dennis Hollier
The Fed’s stimulus spending, which began in March 2020, is set to end by mid-summer.
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GSEs’ Stratospheric Earnings Begin to Fall

October 29, 2021
Dennis Hollier
Fewer refinancings mean Fannie Mae’s and Freddie Mac’s amortization incomes from prepayments are in decline. (Includes data chart.)
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Proposed Housing Goals for Multifamily Causing Anxiety

October 29, 2021
Dennis Hollier
Market forces and regulatory issues outside the control of Fannie and Freddie may make it difficult for them to achieve the proposed affordable housing benchmarks.
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Affordable Housing Coalition Pushes Stronger DTS Standards

October 29, 2021
Dennis Hollier
UMMC argues that the GSEs’ three-year duty-to-serve plans are wholly inadequate to address the current affordable housing crisis.
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