Fannie Identifies Multifamily MBS Impacted by COVID-19 April 24, 2020 Dennis Hollier The list, which currently includes only four pools, will be updated weekly. It can be found on the DUS Disclose page of Fannie’s website. Read More
Industry Group Calls for Mark-to-Market Suspension April 10, 2020 Dennis Hollier The Real Estate Roundtable urged regulators to suspend mark-to-market rules as the industry fights off the economic impact of the coronavirus. Read More
Don Layton’s Unconventional Cure for the Liquidity Crisis April 10, 2020 Dennis Hollier Former Freddie Mae CEO Don Layton suggests short- and long-term solutions for the liquidity problems faced by nonbank mortgage servicers. Read More
Freddie Prices K-Deals Worth $1.7 Billion April 10, 2020 Dennis Hollier Freddie Mac priced two K-deals, which include separate floating-rate tranches linked to LIBOR and SOFR. Read More
GSE MBS Volume Softens in 1Q20, Bank Share Rebounds April 10, 2020 John Bancroft Nonbank market share declined slightly in the first quarter largely because depository institutions were selling older loans to Fannie and Freddie. Refi business ramped up in March. (Includes two data charts.)Read More
We’ve Got Two Months to Fix This: Calabria March 27, 2020 Dennis Hollier If the coronavirus crisis goes on for more than six to eight weeks, FHFA Director Mark Calabria sees mortgage servicers under “a lot of stress.”Read More
GSEs and the Dollar Roll Shuffle (Also Happened) March 27, 2020 Dennis Hollier The Federal Housing Finance Agency this week temporarily allowed Fannie and Freddie to finance mortgage-backed securities.Read More
FHFA Puts Capital Rule on Hold March 27, 2020 Dennis Hollier One of the early casualties of the coronavirus outbreak is the much-anticipated, re-proposed capital rule for Fannie Mae and Freddie Mac.Read More
Fed MBS Purchases Pause Mortgage Market Skid March 27, 2020 Dennis Hollier Federal Reserve operations this week swallowed up more than $39.8 billion in agency MBS, including about $31.7 billion in uniform MBS. Read More
FHFA Reiterates Forbearance Amid Coronavirus Outbreak March 13, 2020 Dennis Hollier Borrowers are entitled to forbearance if unable to make their monthly mortgage payment due to the virus, the FHFA has reminded servicers.Read More