Another Strong Profit for Freddie Mac: $2.4 Billion; A $1.6 B Dividend Payment is Expected July 31, 2018 Paul Muolo CEO Don Layton: "...we are generating a consistent stream of new innovations for our customers." Read More
Another Strong Profit for Freddie Mac: $2.4 Billion; A $1.6B Dividend Payment is Expected July 31, 2018 Paul Muolo Once the $1.6 billion is upstreamed to Treasury, Freddie will have an account surplus of $42.4 billion...Read More
Nonbank Capital Becoming Increasingly Important, but IPO Market Still Weak July 31, 2018 Paul Muolo In the world of finance, it’s not where you’ve been – but where you’re going.Read More
Short Takes: The $600,000 Man / Freddie CEO Layton Says He Thinks About Leaving … And Staying / More CRTs on the Way? / FHFA Extends Capital Comment Period / A New Hire for MGIC July 31, 2018 Carisa Chappell and Paul Muolo Layton said Freddie is exploring the use of additional credit risk transfers...Read More
Buck Up, Nonbanks. The FHLB Chicago is on Your Side July 30, 2018 Paul Muolo REITs exploited the captive loophole earlier in the decade, gaining access to low-cost FHLBank advances.Read More
Speculation Mounts: Will Watt Step Down Early from the FHFA? July 30, 2018 Paul Muolo EEO investigations, according to one observer, must be completed within 180 days.Read More
Short Takes: FHFA IG Probe of a Conflict by a Fannie Mae Executive? / Watt Says He Agrees with Two Recommendations in the IG Report / AMC in a Growth Mode / An Upgrade on Verus MBS / A Promotion at Altisource July 30, 2018 Carisa Chappell, Brandon Ivey, and Paul Muolo In response to IG Report, FHFA Director Mel Watt said he agrees to “both” the recommendations made by IG Laura Wertheimer and will implement them…Read More
How Large a Profit for Fannie and Freddie in 2Q18? July 27, 2018 Paul Muolo As GSE investor James Fenkner put it: “Yes, the U.S. Treasury will be cashing in again nicely next week.”Read More
What We’re Hearing: The Task Ahead for Ed DeMarco / A New Front in GSE Reform / Congress Now Deemed Totally Hopeless When it Comes Fixing the Nation’s Housing Finance System / Layoffs at Pacific Union Financial / A Promotion at Wells Fargo July 27, 2018 Paul Muolo As for what might be in the Hensarling bill, the conservative from the Lone Star state wasn’t offering…Read More
Politico Reports FHFA Director Under Investigation for Sexual Harassment; Watt Says He’s Done Nothing ‘Contrary to Law’; OCC Chief Waiting in the Wings? July 27, 2018 Paul Muolo According to the newspaper, Watt – a former Democratic Congressman from North Carolina – is under investigation for alleged sexual harassment of an employee.Read More