Inside The GSEs

Coronavirus Casts Huge Shadow on GSE Business

March 27, 2020

States with shelter-in-place orders accounted for 75% of the single-family home loans securitized by Fannie and Freddie last year, and 81% of jobless claims filed last week. (Includes data chart.)

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.”

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.

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.

Appraisals and Income Verification Guidance Amid COVID-19

March 27, 2020

Dennis Hollier

Fannie and Freddie are providing “alternative flexibilities” to reduce the need for appraisers to inspect the interior of a home.

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.

Multifamily Borrowers and Renters also Get Relief

March 27, 2020

Dennis Hollier

The GSEs have extended their forbearance programs to include multifamily borrowers and renters experiencing hardship due to COVID-19.

FHFA Directs Enterprises to Wind Down Up-Front CRT

March 27, 2020

Dennis Hollier

One mortgage REIT is already feeling the effects of the GSEs’ move to unwind an obscure credit-risk transfer program by yearend.

FHLBank Advances Decline; Wells, Chase Pare Holdings

March 27, 2020

Banks and thrifts held $482.5 billion of advances from the Federal Home Loan Bank system in the fourth quarter of 2019, a 3.3% sequential drop. (Includes data chart.)

GSE Roundup

March 27, 2020

Dennis Hollier

FICO subject of DOJ antitrust probe; Fannie board member to head OCC; Freddie discontinues LIBOR-linked debt.

Inside The GSEs
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Coronavirus Casts Huge Shadow on GSE Business

We’ve Got Two Months to Fix This: Calabria

GSEs and the Dollar Roll Shuffle (Also Happened)

FHFA Puts Capital Rule on Hold

Appraisals and Income Verification Guidance Amid COVID-19

Fed MBS Purchases Pause Mortgage Market Skid

Multifamily Borrowers and Renters also Get Relief

FHFA Directs Enterprises to Wind Down Up-Front CRT

FHLBank Advances Decline; Wells, Chase Pare Holdings

GSE Roundup

Latest Imf News

The Pandemic Effect: First Quarter MSR ‘Marks’ Could Be Brutal

Redwood Selling Assets at a Loss, Meeting Margin Calls

On the Decline in 1Q20: GSE Acquisitions of Loans with PMI

FHFA: 2 Million Forbearance Inquiries from Fannie/Freddie Borrowers by May 31

Featured Data

DBRS Tops in 2019 RMBS Ratings, S&P First in ABS

Nonbanks Gain Ground in 4Q19 Originations Market

GSE MBS Ebbs in February; Refi Surge Forms Offshore

Broker Share Retreats in Agency-Heavy 4Q19 Market

Featured Reports

Mortgage Servicing Rights Report: 4Q19 (PDF)

GSE Repurchase Activity: Cumulative to Fourth Quarter 2019 (PDF Format)

Top Agency Seller-Issuers by State: 1H19 (PDF)

Agency Seller-Issuer Profile: 4Q19 (PDF)

Featured Poll

Mortgage rates are on a bit of a roller coaster ride these days, hitting historic lows before inching back up amid an uncertain economic environment. What sort of application volume are you seeing?

Inside The GSEs RSS

Mortgage rates are on a bit of a roller coaster ride these days, hitting historic lows before inching back up amid an uncertain economic environment. What sort of application volume are you seeing?

Inside The GSEs
RSS