Concerns About Profit Margins Ease, Somewhat March 28, 2019 Brandon Ivey Some 20% of lenders surveyed expect profit margins to increase in 2Q19, up from an 11% share the previous quarter…Read More
Short Takes: What Happened to the GSE Rally? / Time for Treasury to Hire an Advisory Firm? / Trump Serves Notice to HUD as Well, HECMs a Big Concern / Where Did All the Senators Go? / Hugh Frater’s Other Job March 28, 2019 Paul Muolo and Yemeng Yang President Trump is concerned about the HECM program...Read More
President Trump Directs Treasury to Draft GSE Overhaul; White House Wants Final Say March 27, 2019 Paul Muolo “For each administrative reform, the Treasury housing reform plan shall include a timeline for implementation,” Trump writes.Read More
Fannie Makes it Official, Names Interim CEO Hugh Frater Permanent Chief March 27, 2019 Paul Muolo Although Frater will lead Fannie, which earned $16 billion in 2018, his salary will be capped at $600,000 per year...Read More
Short Takes: FHFA IG Questions GSE CEO Succession Plans / The Watt Era / A Rare Instance of Bipartisan Agreement on a GSE-Related Issue / If Brickman Didn’t Get the Job, He Was Going to Quit / Please, Cut My Pay / FHFA’s Response March 27, 2019 Paul Muolo When’s the last time a chief executive of a multi-billion-dollar-asset company did something like that? Read More
Hearings Commence on GSE Reform. NAHB Worries About ‘Administrative’ Changes, Academic Trashes Crapo’s Ideas March 26, 2019 Paul Muolo Georgetown Law Professor Adam Levitin: “I am deeply concerned about the basic direction of the chairman’s housing-finance reform proposal outline..."Read More
Allow the ‘GSE Patch’ to Expire, Think Tanks Recommend March 26, 2019 Yemeng Yang The CFPB introduced the GSE patch in 2014 as a temporary measure…Read More
Guess What? The Federal Reserve is No Longer No. 1 in MBS Holdings March 22, 2019 John Bancroft The Federal Reserve's MBS leakage began in 2017…Read More
Agency Servicing Grows in 4Q18 but Banks Say No to the Party March 21, 2019 John Bancroft The only soft spot was in the servicing for non-agency mortgage-backed securities…Read More
Short Takes: The Supremes Rule on Foreclosures and the FDCPA / It’s Good to be King, Unless You’re the CEO of Freddie Mac / Angel Oak Bolsters Office Space Big Time / Tennessee Bank Looking for Non-QM Loans / Two New Directors for Fannie / Correction: Fre March 21, 2019 Brandon Ivey and Paul Muolo Based on Freddie’s annual profits, CEO Don Layton is probably one of the two most underpaid bosses in the world of finance. Soon that distinction will belong to David Brickman...Read More
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