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
It’s Official: Freddie Names Dave Brickman CEO, Succeeding Layton. As for His Salary… March 21, 2019 Paul Muolo Thanks to meddling by Congress, several top executives at the GSEs earn more than the CEO...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
Senate Banking Committee Unveils Lineup for Two Days of GSE Reform Hearings March 20, 2019 Dennis Hollier When it comes to GSE reform, it's never too early to call 12 witnesses...Read More
Short Takes: Getting the Industry’s Pulse on GSE Reform / Who Gets to Lead? / Why Phillips Didn’t Get the FHFA Job / The Battle for Risk / Selling Shares in Invitation Homes / Radian Names Dave Stevens to Its Board March 20, 2019 Paul Muolo and George Brooks Who knows more about GSE reform: the White House or Treasury? We get a sense the two parties don't see eye to eye on everything...Read More
Short Takes: Why the GSE Net Worth Sweep Won’t be Reversed / Recap and Release? / A Much-Watched Profit Reading / Starwood and Impac, a Symbiotic Relationship / Bank Failures, Anyone? / Reverse Lender Hires Sales Chief March 19, 2019 Paul Muolo and Brandon Ivey Each quarter, GSE profits reduce the federal budget deficit. If that cash is forfeited...Read More
What We’re Hearing: The Changing of the Guard at the FHFA / A Deep Resume / Retained Capital for Fannie and Freddie, a Matter of When? / The Holy Grail / Impac Mortgage, Act III / FHA Moves to Sure Up its Book March 15, 2019 Paul Muolo An increase in retained earnings is a pre-cursor to GSE “recap and release,” or as Fannie/Freddie investors call it, the Holy Grail…Read More
REITs Add to Agency MBS Holdings, Non-Agency Down March 15, 2019 John Bancroft Agency securities accounted for $26.4 billion of the growth in REIT MBS holdings over the course of the year…Read More
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