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Policies & Programs
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What Does the Fifth Circuit Win Mean for GSE Investors?

September 20, 2019
Dennis Hollier
On the issue of FHFA’s constitutionality, the court ruled for the plaintiffs. But rather than invalidate the net worth sweep, the court struck the “for-cause” provision from HERA.
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FHFA Lowers Multifamily Caps on Fannie and Freddie

September 20, 2019
Dennis Hollier
The new cap structure will allow each firm to invest up to $100 billion in multifamily projects over the next five quarters. At least 37.5% of that investment must be for affordable housing.
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GSE LIHTC Funding Averts Affordable Housing Crisis

September 6, 2019
Dennis Hollier
When Congress passed the Tax Cuts and Jobs Act in December 2017, one of the major concerns was the impact it would have on the LIHTC program.
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Two Views on the Patch: Adam Levitin, Redwood Trust

September 6, 2019
Dennis Hollier
"The CFPB’s job is not to regulate market share in the secondary mortgage market,” says Adam Levitin.
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FHFA Reverses Course on Credit Score Model 

August 23, 2019
Dennis Hollier
A new rule means FICO will face competition as a credit scoring model for homebuyers, potentially expanding the number of mortgage applicants dramatically.
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Freddie Adds Blend Software to AIM Program

August 23, 2019
Dennis Hollier
The fintech moves the GSE one step closer to fully automating income and asset validation.
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Will G-Fees Pay for Trump’s Payroll Tax Cut?

August 22, 2019
Dennis Hollier
Despite the president’s quick reversal of course on his proposal to cut payroll taxes, the housing industry remains worried g-fee may be tapped somehow.
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Majority of GSEs’ Activities May Be Outside Their Core Mission

August 9, 2019
Dennis Hollier
“Patch” loans, cash-out refinances, investment loans and second family homes constitute more than 50% of the dollar volume of Fannie and Freddie MBS issuance.
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Mandate for Redesigned URLA Further Delayed

August 9, 2019
Dennis Hollier
Concerns of industry participants provoke edits and postponement of a new mortgage application form.
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GSE Roundup

July 26, 2019
Dennis Hollier
Fannie continued to wind down its portfolio of nonperforming and reperforming loans, in compliance with FHFA directives; Freddie released two structured pass-through certificates with yields ranging from 2.47% to 5.22%.
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