Three Sentenced in FHLB Affordable Housing Program Scam July 1, 2022 Dennis Hollier A federal court in South Carolina uncovers a scheme of kickbacks and bribes related to FHLB and HUD affordable housing program grants.Read More
Pandemic vs. Financial Crisis: Intervention Worked July 1, 2022 Dennis Hollier A Fed economist outlines why the COVID-19-related economic crisis turned out so differently from the 2008 global financial crisis.Read More
Getting More Expensive: Buying Certain GSE Securities June 30, 2022 Dennis Hollier The big question: Why have the two GSEs suddenly decided to implement the fee?Read More
First Guarantee’s New Second-Lien Product June 24, 2022 Dennis Hollier The California bank joins the growing ranks of lenders offering innovative home-equity products to help borrowers counter rising interest rates.Read More
Stakeholders Continue to Criticize GSEs’ New Fee June 23, 2022 Dennis Hollier Industry groups argue that assessing fees on commingled collateral could undermine market confidence in the UMBS.Read More
Mall Bankruptcy Ends With Largest CMBS Loss Since ‘09 June 23, 2022 Dennis Hollier The $74 million loss on a commercial MBS conduit loan lines the pockets of investors, like Carl Icahn, who have shorted brick-and-mortar retail.Read More
Is This What Balance Sheet Reduction Looks Like? June 23, 2022 Dennis Hollier The Fed was supposed to begin letting assets roll off its balance sheet starting June 1. So far, there’s been little change.Read More
New Residential Ditches External Management June 23, 2022 Dennis Hollier Analysts agree that bringing management in-house is a long-term positive but differ on whether it improves value in the short run.Read More
Fannie, Freddie Impose Fees on Certain Resecuritizations June 22, 2022 Dennis Hollier The motivation for the fee is still somewhat fuzzy...Read More
Short Takes: Profit Advice / Doing the Math / Company Bond Prices? (Many Below Par) / No Bid for MBS? / A Changing of the Guard at DocuSign June 21, 2022 Paul Muolo and Dennis Hollier No relief for company bond prices as well...Read More