GSEs to Expand Use of Payment Deferrals March 30, 2023 Dennis Hollier The pandemic-era tool will now become a standard part of the GSEs' loss-mitigation strategy.Read More
No Doubt in Powell's Mind Who Caused SVB's Collapse: Management March 24, 2023 Dennis Hollier When asked if there were other banks that might be in danger of failing, the Fed chair was dismissive.Read More
Powell Suggests Most Banks Better Off on MBS than SVB March 23, 2023 Dennis Hollier Most banks are better insulated than Silicon Valley Bank from duration risk in MBS and similar holdings, according to Federal Reserve Chair Jerome Powell. (Includes two data charts.)Read More
FHFA Regulation of CSS Falls Short of Standard March 23, 2023 Dennis Hollier For more than a year, almost all of the examination responsibilities for CSS have fallen on the shoulders of a single examiner at FHFA.Read More
Banking Turmoil Moderates Fed Rate Hike March 23, 2023 Dennis Hollier The economic impact of the Silicon Valley Bank collapse may serve as a substitute for future rate hikes.Read More
Grapevine: Trouble in Fix-and-Flip Land? / About Nonbanks… March 23, 2023 Paul Muolo and Dennis Hollier There are plenty of fix-and-flip home sales but profitability is starting to slip. Meanwhile, in his new book, Calabria takes a poke at nonbanks.Read More
Short Takes: A Reckoning for Fix & Flip? / Profitability Slips Again / Powell Walks the Tightrope / Of Rates and ‘Paper’ Losses… March 23, 2023 Paul Muolo and Dennis Hollier Something to explore: your MBS hedges...Read More
In New Book, Former FHFA Chief Takes a Few Shots at Nonbanks March 22, 2023 Dennis Hollier Calabria, an economist by training, also shows little sympathy for nonbank mortgage servicers.Read More
Lenders Charging for 'Unobservable' Risks on GSE Loans March 22, 2023 Dennis Hollier The authors looked at private data from FHFA’s Mortgage Loan Integrated System...Read More
As Members Pony Up to the Advance Window, Profits Rise at the FHLBs... March 20, 2023 Dennis Hollier The FHLB Atlanta had the largest quarterly gain, with profits rising 57.4%...Read More