Short Takes: Blowout Earnings for the GSEs? / Juicing the Debate / A Frothy Non-QM Secondary? / Dow 29,000 / Greystone Buys Commercial Servicer January 10, 2020 Paul Muolo Stronger GSE earnings will bolster retained capital, which could juice the recap-and-release debate even more…Read More
Handicapping the GSE Recap-and-Release Action… January 10, 2020 Dennis Hollier There’s some skepticism regarding how quickly the FHFA and Treasury might act in 2020…Read More
Short Takes: Rates Rising (for Now) / The Recap-and-Release Train Moves Forward / Turning a Profit in Servicing / More Capital for Roofstock / Xome Gets a New CEO January 9, 2020 Paul Muolo The GSE recap-and-release train continues to inch forward...Read More
MBS Issuance by the GSEs/Ginnie Soars to a Six-Year High January 9, 2020 John Bancroft Meanwhile, when it comes to the top seller/issuers, Quicken Loans was not too far behind market leader Wells Fargo: $126.9 billion to the megabank’s $132.4 billion… Read More
FHFA Chief: No Decision Yet on Using a ‘Consent Decree’ for Fannie and Freddie January 9, 2020 Dennis Hollier Any new offering of stock by the GSEs likely won’t commence until 2021, though the situation is fluid... Read More
GSE MBS Issuance Tops $1T in 2019, Best Showing in Six Years January 7, 2020 John Bancroft New MBS production was up 32.0% from 2018 as an unexpected wave of refinancing business continued to pour into the secondary market.Read More
Treasury Swings the Ax on GSE Reform. Ex-Freddie Chief Weighs the Options January 6, 2020 Dennis Hollier The Layton paper also considers Treasury’s roughly $240 billion of senior preferred equity in the GSEs…Read More
GSEs Turn More Risk-Averse in 4Q19 January 6, 2020 The dollar volume of purchase-loan deliveries declined across all nine risk categories, with the biggest drop taking place in the highest-risk bucket.Read More
Trades Express Opposition to Re-Proposing GSE Capital Rule January 3, 2020 Dennis Hollier The CMLA and the others stressed the commitment of FHFA and Treasury to housing-finance reform should be followed by urgent action.Read More
Yowsa: Huge Stock Gains for Fannie and Freddie (For the Year) December 31, 2019 Paul Muolo Based on current prices, Fannie has a current market capitalization rate of just $3.5 billion, Freddie $1.9 billion.Read More
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