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Dems Extend G-Fee Surcharge to Pay for Infrastructure Bill

November 8, 2021
Dennis Hollier
The 10 bps g-fee strip inaugurated in 2011 to pay for a temporary tax cut is set to enter its second decade, despite expiring more than a month ago.
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FHFA OIG Lists Major Challenges Ahead for the Agency

November 3, 2021
Dennis Hollier
The OIG report also documents the lack of continuity in the leadership of DER.
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Trouble Ahead? An Unsightly Increase In Early-Stage Delinquencies

November 2, 2021
John Bancroft
The government-insured market was under more pressure...
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Proposed GSE Housing Goals for Multifamily Causing Anxiety

November 2, 2021
Dennis Hollier
The proposal also includes a new area-based subgoal designed to reduce the likelihood that GSE purchases in low-income areas go disproportionately to higher-income borrowers.
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Freddie Sees 3Q21 Growth Spurt, Bulk MSR Deals Up

November 1, 2021
John Bancroft
Large mortgage bankers recorded a 5.2% gain in GSE servicing, while small- and mid-sized companies posted an 8.7% gain....
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Earnings Decline for the GSEs in 3Q but Net Worth Keeps Heading North

October 29, 2021
Paul Muolo and Dennis Hollier
Wards of the Uncle Sam since the fall of 2008, these days the two government-sponsored enterprises are considered instrumentalities of the executive branch with little prospect of their conservatorships ending.
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Short Takes: Goldman Taps Home Point for IPL Collateral / Silvergate’s Warehouse Business / Trading in Digital Assets / BTIG’s Structured Finance Move / The Racial Divide in Homeownership

October 22, 2021
Paul Muolo and Dennis Hollier
One of the most active warehouse providers to non-QM lenders is Silvergate Bank in La Jolla...
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Nonbank's Mortgage Servicing Share Just Shy of 60%

October 21, 2021
John Bancroft
Commercial banks continue to show no love for MSRs, except for JPMorgan Chase...
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Bayview Preps Large Non-Agency MBS With GSE-Eligible IPLs

October 21, 2021
Brandon Ivey
Bayview's $823.2 million issuance will be the second largest non-agency MBS issued this year with GSE-eligible investment-property loans.
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What Animates Fannie’s Actions: ESG, COVID-19 and George Floyd

October 21, 2021
Dennis Hollier
Fannie CEO Frater: “If you think about what we do and how we actually help people, we’re actually more set up to be ESG companies than may other companies that you might think of as ESG companies.”
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