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Short Takes: When Dems Show an Interest in GSE Reform … Lookout / The Questions / ‘What If’ Scenarios / A Texas-Sized Merger / A New Controller for Wells

December 20, 2019
Paul Muolo

So, what kind of GSE questions do the Democrats ask? Topics include timelines, benchmarks, capital levels, affordable housing issues, reducing the GSE footprint and the like. All of the questions might be viewed as quite predictable…


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Limitation on Deductions Looks to Have Slowed Home Price Appreciation

December 20, 2019
Brandon Ivey

States with high usage of the SALT deduction have seen "acute" slowdowns in home price appreciation (and even declines) since the limitation on the deduction took effect.


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Short Takes: Buying Into a Shrinking Market? / A Game of 22 (GSE) Questions / The GSEs: Big Earners by This Measurement / 30-Year-Old Servicing Systems? / Regulatory Woes for CA?

December 19, 2019
Paul Muolo and Yemeng Yang

After all, who wants to invest in a shrinking (GSE) business? Something to think about…


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Federal Regulators Considering Changes to Mortgage Risk-Retention Requirements

December 19, 2019
Brandon Ivey

The review will consider the interplay between the non-agency market and the GSEs and the impact of the exemption for qualified residential mortgages...


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Freddie Starts the Wheel Rolling on Employee Buyouts

December 18, 2019
Dennis Hollier and Paul Muolo

One Freddie shareholder quipped: "It sounds like something their advisors would have recommended – to improve proforma [earnings] going into a capital raise."  


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Suddenly, Senate Democrats Seem Pretty Interested in GSE Reform

December 18, 2019

The senators asked for a detailed timeline for ending the conservatorships and a list of benchmarks the GSEs must meet.


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House Extends Mortgage-Related Tax Breaks, NFIP

December 18, 2019
Brandon Ivey

The deduction for mortgage insurance premiums and a tax break on forgiven mortgage debt had expired at the end of 2017 while funding for the National Flood Insurance Program was set to elapse on Dec. 20.


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Redactions an Issue in the Fairholme-GSE Case

December 17, 2019
Dennis Hollier

In 2017, Judge Sweeney ordered the government to produce many of these documents...


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CRA Changes on the Horizon. Mortgages a Target…

December 16, 2019
Yemeng Yang

Among the proposed changes: A residential loan made to a high-income individual residing in low- and moderate-income neighborhoods would no longer qualify for CRA credit.


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Conservatives Roast Treasury’s GSE Reform Blueprint

December 16, 2019
Dennis Hollier

Ed Pinto: Owners of GSE common have no right to expect a bailout.


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