Jury Awards GSE Shareholders $612 million August 15, 2023 Dennis Hollier A jury found that the Federal Housing Finance Agency violated its duty as conservator of the GSEs when it agreed to the net worth sweep in 2012.Read More
Uncertainty on Timeline of New Credit Score Models August 11, 2023 Dennis Hollier Industry wants more time to comply with new credit score requirements.Read More
Short Takes: Tensions Over Rent Control / Housing Price Declines and Taxes / GSEs Ace Stress Tests August 11, 2023 Dennis Hollier A coalition of lenders, builders and Realtors are telling the Biden administration that rent controls will only exacerbate affordable housing problem.Read More
China’s MBS-Like Product Pitched for U.S. August 10, 2023 Dennis Hollier Can a financial innovation in the Chinese capital market serve as a hedge for MBS?Read More
GSEs to Phase Out COVID Servicing Policies August 10, 2023 Dennis Hollier Most pandemic-era flexibilities regarding QRPC, forbearances and loan-modification plans will sunset Nov. 1.Read More
FHFA Finds Appraisal Gap Has Narrowed Post PAVE Creation August 10, 2023 Dennis Hollier The rate of appraisals in high minority census tracts that were below the final contract price has fallen post the creation of the PAVE task force.Read More
Deliveries to GSEs Slow in July August 9, 2023 Dennis Hollier Volume was off 10.4% in July compared with June.Read More
GSEs Adjust Guidelines on Tax Liens, Appraisals August 8, 2023 Dennis Hollier Freddie Mac stated that the borrower’s debt-payment-to-income ratio must be calculated based on the payment plan established with the IRS.Read More
Deliveries to the GSEs Decline in July August 4, 2023 Dennis Hollier GSE MBS issuance involving purchase mortgages (and refis) crested in June. Issuance volume declined by 10.4% on a monthly basis in July, though activity at the lender level was far from uniform. (Includes two data charts.)Read More
GSE Profits Spike in 2Q; Capital Remains Low August 4, 2023 Dennis Hollier Rising home prices allowed Fannie and Freddie to drive up second-quarter profits by reducing their loan loss allowances. (Includes data chart.)Read More