Freddie Mac Taps President as Interim CEO March 18, 2024 Dennis Hollier If Hutchins becomes the "permanent" CEO of Freddie, the change, ironically, would result in a pay cut...Read More
Biden Administration in No Rush on GSE Reform March 12, 2024 Brandon Ivey President Biden's budget proposal for fiscal year 2025 included a brief section addressing the future of the housing finance system.Read More
FHFA Plans to Revise Survey of Borrowers March 12, 2024 Dennis Hollier FHFA said changes to the survey will help to inform its oversight of the GSEs and Federal Home Loan Banks.Read More
Short Takes: Biden Proposes Mortgage Tax Credit / Mixed Pricing Trends for Fannie’s CRT / New CRT From Freddie / Bank’s ARMs Go Into Annaly MBS March 8, 2024 Brandon Ivey President Biden proposed a tax credit of $400 a month to put toward a mortgage.Read More
Short Takes: Appropriations Bill Includes a Boost for Ginnie / MBA Hopes SEC Rule Is the Ceiling / Another Loss for FoA / Freddie Selling NPLs March 7, 2024 Brandon Ivey The appropriations bill includes $54 million in funding for Ginnie for fiscal year 2024 compared with $40 million in funding for FY 2023.Read More
Short Takes: Demand for Purchase Mortgages Increases / Rate Locks Up in February / New CEO at Carrington / Freddie Securitizing RPLs March 6, 2024 Brandon Ivey A small decline in interest rates last week helped to increase applications for purchase mortgages.Read More
FHFA Aligns Timelines for Credit Score Transition March 1, 2024 Dennis Hollier “Synchronizing bi-merge credit reporting with the implementation of the new credit score model requirements will reduce complexity for market participants,” said FHFA Director Sandra Thompson.Read More
Little Commingling of GSE MBS Despite Fee Reduction February 29, 2024 John Bancroft Commingling happens when a government-sponsored enterprise stocks a new Supers deal with MBS issued by the rival GSE.Read More
Short Takes: Treasury Focusing on Property Insurance Costs / Chase Stocks MBS With HELOCs From Nonbanks / Great Ajax Turns to Rithm / KBW Sees Upside in GSE Stock February 27, 2024 Brandon Ivey The roundtable hosted by the Treasury focused on how the increased risks from climate change are affecting insurance markets.Read More
GSE Servicers Face New Requirements on Property Insurance February 26, 2024 Dennis Hollier The GSEs are looking to ensure servicers have policies and procedures in place that require borrowers continuously maintain property insurance.Read More