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Home » Topics » IMFnews » Regulatory

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Short Takes: FHFA Sets the ‘Deliverables’ / The Value of the Contract? / The Waiting is the Hard Part (Montgomery Nomination) / High Marks / Non-QM Lender Declares a Dividend

October 8, 2019
Paul Muolo and George Brooks

Although Brian Montgomery has been sworn in, he still faces a hearing in the Senate. Meanwhile, the Senate’s time might be taken up with a possible impeachment trial…


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Short Takes: Trump Gets High Marks on GSE Progress / New Day Rising / Zillow Shares Languish / Financing the Flippers / A New Hire for PrimeLending

October 7, 2019
Paul Muolo and Brandon Ivey

The former Fannie Mae executive is not shy about expressing his views...


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FHFA Seeks Contractor to Assist with Fannie/Freddie Recap and Release

October 4, 2019
Paul Muolo

The Federal Housing Finance Agency makes it clear that only firms with experience and knowledge in the arena of housing finance will be considered.


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Short Takes: The GSE Recap Train Leaves the Station. Next Stop? / Strategies for the Future? / Compliance Required / Bracing for Large MSR ‘Marks’ / Waiting on a Recession

October 4, 2019
Paul Muolo

Shouldn’t the managements of Fannie and Freddie start preparing for the day when they’re “free” from the shackles of regulatory bondage? Shouldn’t CEOs Hugh Frater (Fannie) and David Brickman (Freddie) be holding high level meetings with their lieutenants regarding strategies for the future?


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Fannie and Freddie Will Need Investors. Is Warren Buffett Waiting in the Wings?

October 4, 2019
Paul Muolo

Of course, mortgage historians know that Berkshire took a bite at the GSE apple a few decades back. In 2000, Berkshire was one of the largest shareholders in Freddie...


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Connecticut Call Center Lender, State in Licensing Dispute

October 4, 2019
Yemeng Yang

1st Alliance CEO John Dilorio disputed the interpretation, noting that unlicensed call center workers had no ability to choose a program, lock a mortgage rate, process underwriting findings or present loan terms to borrowers.


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A Thorny Issue Revived: Allowing Nonbanks in the FHLB System

October 4, 2019
Paul Muolo

In the Treasury blueprint, the Trump administration clearly states its position: “Congress should consider permitting additional classes of mortgage lenders to become FHLBank members.”


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Short Takes: Analyst Bove: The Net Worth Sweep Has Not Been Eliminated / Free Money? / Who’ll Stop the Rain? (GSE Shares) / Oklahoma, Where the Mortgages Come Sweeping Down the Plain

October 3, 2019
Paul Muolo

JMP Securities has a “market perform” rating on Impac Mortgage, the publicly traded nonbank that’s trying to carve out a space for itself in the non-QM sector but can’t resist the temptation of reaching for GSE refis...


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GSE Shareholders Continue Battle Against Profit Sweep. A SCOTUS Review?

October 3, 2019
Dennis Hollier

In their petition for a writ of certiorari, the shareholders said the Fifth Circuit afforded them no relief from their injuries and the “petitioners are thus not ‘prevailing parties’ in any meaningful sense.”


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Can the Non-Agency Market Absorb the GSE Slack? Experts Not So Sure, Including a Former Freddie CEO

October 2, 2019
Dennis Hollier

Former Freddie CEO Don Layton took issue with the plan’s basic premise that if the footprint of the GSEs shrinks, private capital will move in to take up the slack...


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