Short Takes: What If: The 5% FRM / Looking Sideways at the Fed / A Rate Comparison / About That Vacation Home / The Thompson Nomination Advances March 18, 2022 Dennis Hollier and Paul Muolo In case you haven't noticed: Jumbo rates continue to be cheaper than Fannie/Freddie rates...Read More
Condo Groups Seek Delay of Fannie/Freddie Standards March 16, 2022 Dennis Hollier Industry representatives have described the new Fannie/Freddie requirements as draconian...Read More
GSE CRT Issuance Drops in 2021 Despite Fannie’s Return March 15, 2022 Dennis Hollier Except for a $1.70 billion lender risk deal with PennyMac in the fourth quarter of 2020, Fannie had no CRT activity until October 2021.Read More
Increase in Mortgage Limits Impacts GSE Seller Volume March 14, 2022 Dennis Hollier The top five loan sellers to the GSEs in February: Rocket, UWM, Chase, Wells Fargo and loanDepot...Read More
Fifth Circuit Remands Collins GSE Case to District Court March 10, 2022 Dennis Hollier The five dissenting judges were even more skeptical, arguing that a remand was unnecessary...Read More
Fannie’s and Freddie’s ‘Release’ Date? See You in 2037 March 2, 2022 Paul Muolo KBR writes, “By 2036, the Treasury's aggregate senior preferred including liquidation preference will have grown to nearly $550 billion"...Read More
GSE Multifamily Earnings: A Nice Gain for Fannie, Freddie Not So Much February 28, 2022 Dennis Hollier In particular, Fannie benefited from loan-loss recaptures...Read More
Federal Circuit Tosses Most GSE Shareholder Cases February 23, 2022 Dennis Hollier The judges rejected shareholder appeals based on both direct and derivative claims.Read More
In a Few Weeks, GSE Nonbank Eligibility Requirements? February 22, 2022 Paul Muolo BTIG predicts the FHFA’s proposal likely will dovetail with many of the prudential requirements for nonbanks finalized by the CSBS...Read More
A Big Surprise? Deliveries Above the 2021 Baseline Loan Limit Spike in January February 17, 2022 Based on trends from prior years, roughly $25.0 billion of mortgages above the 2021 conforming loan limit would have been expected to be delivered to Fannie and Freddie in January...Read More