FHFA Directs GSEs to Work to Align Reps and Warrants February 8, 2024 Dennis Hollier While FHFA didn’t provide details, lenders believe the agency wants the GSEs to coordinate their mortgage repurchase request policies.Read More
GSE CRT Issuance Limited in 2023 February 7, 2024 Dennis Hollier Issuance in 2022 was helped by lingering loans from the refinance wave while mortgage originations were down sharply in 2023.Read More
Anticipation Grows for End of GSE Conservatorship February 7, 2024 Dennis Hollier The price of preferred shares in Fannie Mae shot up to $4.57 a share in the wake of former President Trump’s victory in the Iowa caucuses.Read More
The GSEs Have Been Profitable Since 2012. Maybe It's Time to End the Conservatorships? February 5, 2024 Dennis Hollier One of these days a GSE CEO might rise up and legally challenge the conservatorships. But we're not there yet...Read More
GSE CRT Issuance Continues to Fall February 1, 2024 Dennis Hollier Despite an uptick in GSE CRT issuance in the fourth quarter, 2023 volume remained well below the level seen in 2022. (Includes data table.)Read More
Fed Tweaks Rate Structure of Bank Term Funding Program February 1, 2024 Dennis Hollier The Fed launched the Bank Term Funding Program amid the regional bank crisis in 2023 to help avoid fire sales of MBS and other assets. The program is set to end in March as scheduled.Read More
Speculation Regarding GSE Conservatorship Status Rising February 1, 2024 Dennis Hollier As the Trump campaign gathers steam, investors seem to believe that means the GSEs are more likely to be released from conservatorship.Read More
Fannie Finds Issues With Lenders’ Collateral QC February 1, 2024 Dennis Hollier Fannie Mae issued a report on quality control issues for loans reviewed in 2023, noting instances where lenders lost rep-and-warrant relief.Read More
Large GSE Servicers Gain Share in Fourth Quarter January 31, 2024 Dennis Hollier The GSE servicing share among large independent mortgage banks went from 36.6% at the end of September 2023 to 36.9% at year-end.Read More
FHFA Directs GSEs to Explore Alignment on Reps, Warrants January 31, 2024 Dennis Hollier This year's scorecard includes more focus on the multifamily businesses of Fannie Mae and Freddie Mac.Read More