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Ackman Pitches Re-Privatization of GSEs

April 16, 2025
Dennis Hollier
Pershing Square founder Bill Ackman says both GSEs could exit conservatorship by the end of 2027 if certain assumptions are met.
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Short Takes: First American Fires CEO / Home Price Expectations Come Down / Fannie to Issue CRT Deal

April 15, 2025
Brandon Ivey
Ken DeGiorgio, the now-former CEO of First American Financial, is facing a federal assault charge for an altercation that occurred on a cruise ship in late March.
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Fannie Fires 100+ Employees for ‘Unethical Conduct’

April 9, 2025
Dennis Hollier
Neither Fannie or FHFA provided details about which employees were implicated in unethical activities or what evidence there was of potentially criminal behavior.
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Democrats in Congress Frustrated With Pulte

April 8, 2025
Dennis Hollier
A number of Democrats in the Senate demanded that Pulte appoint qualified independent board members to bring the GSEs back into compliance with the law.
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GSEs Sell Off RPLs, NPLs

April 2, 2025
Brandon Ivey
Reperforming loans sold by Fannie had an unpaid principal balance of $558.7 million.
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Lenders Support FHFA’s Recission of UDAP Compliance Requirement

March 26, 2025
Dennis Hollier
FHFA's move alleviates industry concerns of duplicative oversight of lender compliance with unfair or deceptive acts or practices requirements.
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DOGE’s Stanley Leaves Fannie Board Day After Joining

March 19, 2025
Brandon Ivey
No immediate replacement was announced for Stanley on Fannie’s board.
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Pulte Revamps GSE Boards, Including a DOGE Addition

March 18, 2025
Dennis Hollier
Christopher Stanley, a security engineer at SpaceX, is the first member of Elon Musk’s Department of Government Efficiency to join a GSE board.
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Short Takes: Pace of Home Sales Slows / Vendors Integrate With Fannie Mae’s Loan Pricing API / HELOC Securitization From Achieve / New MBS With LIBOR Exposure

March 14, 2025
Brandon Ivey
Homes for sale that went under contract in February were on the market for an average of 54 days, the longest period for any February since 2020, according to Redfin.
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Short Takes: Mortgage Applications Spike / Fannie Selling RPLs / RTL Securitization From Neuberger Berman / LO Promoted to President of Rate Mortgage

March 5, 2025
Brandon Ivey
A decline in interest rates helped to increase demand for refis and purchase mortgages last week.
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