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Short Takes: Not Saying Much About Brickman / Timing? / Bailed Out By Home Prices: the FHA MMIF / COVID Stimulus Looking Doubtful / PNC’s M&A Move

November 16, 2020
Dennis Hollier and Paul Muolo

No press release on Freddie's website regarding Brickman's resignation. Why?


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The GSEs Resume Smashing MBS Issuance Records

November 13, 2020
John Bancroft

Year-to-date production, $1.852 trillion as of Halloween, was up 131.5% from last year. It’s a foregone conclusion that Fannie and Freddie this month will top the current $1.912 trillion annual record for GSE MBS issuance set back in 2003.


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Freddie’s CRT Issuance Booms as Fannie Sits Idle

November 13, 2020
John Bancroft

For its part, Fannie has stayed away from new CRT issuance other than some reinsurance transactions...


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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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A Second Look at Rocket’s Earnings: Better Than Freddie, Gaining on Fannie

November 12, 2020
Paul Muolo

Quicken is an active and major player in the Ginnie Mae EBO game as well...


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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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Senate Banking Dems Question Whole Loan Sales by the GSEs. Forbearance?

November 11, 2020
Dennis Hollier

As Brown and Reed point out, unless Fannie and Freddie specifically require it, the parties purchasing these loans are under no obligation to provide forbearance to the borrowers.


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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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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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