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An Unexpected Resignation at Freddie: CEO David Brickman is Out

November 13, 2020
Brandon Ivey

Brickman took over the CEO role in July 2019. His final day will be Jan. 8.


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FHFA Extends GSE Purchases of Forborne Loans

November 12, 2020
Dennis Hollier

Despite this "relief" measure, the GSE regulator has been sharply criticized by lenders because the fee is so steep: 500 basis points for first-time buyers and 700 bps for everyone else.


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Mortgage Complaints Filed with the CFPB Begin to Pile Up

November 11, 2020
Yemeng Yang

Gripes about mortgage applications hit a historical high, jumping 29.9% sequentially to 1,609 in 3Q20. The nine-month reading registered a stunning 124.6% spike year-over-year.


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Coming Soon: GSE Refi Fee. Complaints Ensue

November 11, 2020
Dennis Hollier

A basic question is posed: If Fannie and Freddie are earning so much money, why do they need to impose the fee?


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GSEs Re-Up with FICO (For Now)

November 10, 2020
Dennis Hollier

The deadline for potential competitors to submit their proposals was Sept. 15. However, that was just the first of four phases in the selection process established last year by the FHFA. The enterprises expect the process to take at least another year to complete.


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Who Will be the Next CFPB Director? Rep. Porter?

November 10, 2020
Yemeng Yang

Before she ran for Congress, Porter taught consumer bankruptcy and mortgage foreclosure law at the University of California...


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Once Again, the Forbearance Count Falls; Problems Reported with Reaching Borrowers…

November 9, 2020
Paul Muolo

On Friday, Black Knight Financial released its forbearance tally, saying the measurement declined 137,000 units for the seven-day period ending Nov. 3. Roughly 2.9 million mortgagors are in some type of COVID-related relief program or 5.45% of those with a first lien...


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FHFA Names FDIC's Cave to Head Division of Resolutions

November 9, 2020
Dennis Hollier

At DOR, formerly known as the Division of Conservatorship, Cave will supervise the conservatorships of Fannie Mae and Freddie Mac...


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Growing Doubts About GSE ‘Re’ IPOs

November 9, 2020
Dennis Hollier

The calculus is straightforward: With that much capital tied up in equity, it’s difficult to see how the GSEs could generate adequate returns to attract investors.


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A Ginnie President, Finally? A New HUD Secretary? Uh, No

November 6, 2020
Paul Muolo

No permanent Ginnie president for almost four years? Is that a problem?


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