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A 26% Earnings Decline for Fannie Mae, Dividend Payment Scheduled for Late June

May 1, 2019
Paul Muolo

To date, Fannie has upstreamed $179.0 billion in quarterly dividends to Uncle Sam versus assistance draws of $118.9 billion, giving it an account surplus of $59.2 billion...


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Freddie Grows Earnings Sequentially. However, Compared to a Year Ago…

May 1, 2019
Paul Muolo

The government-sponsored enterprise booked $1.6 billion in negative marks against its derivatives portfolio, reflecting lower interest rates at March 31...


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Short Takes: A Bill to Stop Lobbying by the GSEs / Who Said They Were Lobbying? / Redfin Mortgage Continues to Expand / Pending Home Sales Increase (Slightly) / Incenter Hires Whole Loan Trading Chief

April 30, 2019
Paul Muolo
Are GSE officials lobbying Congress?
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The GSE (Lender) Front-End Risk-Sharing Tally for 2018: Just $49 Billion

April 29, 2019
Paul Muolo
The $49 billion reading is miniscule when compared to GSE total issuance of volume of $781 billion last year.
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What We’re Hearing: Due Out Next Week: GSE Earnings / The Last Dividend Payment? / Maybe a Chance at Reform Legislation? / LendingTree’s Money Tree? / MIAC’s MSR Auction

April 26, 2019
Paul Muolo

Keep an eye on what the GSEs say about their dividend payment...


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Fannie/Freddie 1Q19 Earnings Preview: Decent but Keep an Eye on the Hedging ‘Marks’

April 26, 2019
Paul Muolo

The government-sponsored enterprises continue to fire on all cylinders. However...


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Short Takes: GSE Stocks: What Goes Up Is Coming Down / True Value? / The Homeownership Rate Dips Ever So Slightly / The ‘Old’ Days: If You’re Breathing You Can Get a Mortgage / That Was Then, This Is Now (Banks)

April 25, 2019
Paul Muolo
When it comes to investing in Fannie/Freddie common, volatility is the watchword...
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Trump Tightens Control Over Federal Agencies, Including the FHFA

April 24, 2019
Dennis Hollier

MSR Sales (Transfers) Down Sharply in 1Q19

April 24, 2019
John Bancroft

The top buyer in the MSR sector was Mr. Cooper Group… 


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Short Takes: Believing in Big Payoff (Someday) / A Nice Return Based on 2019 Calculations / WMC Files for BK / Starting Out in Life as Weyerhaeuser / Two Lenders Form a Combo

April 24, 2019
Paul Muolo

Industry vets might recall that WMC started out in life as Weyerhaeuser Mortgage...


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