FHFA Releases Inaugural Mission Report June 17, 2022 Dennis Hollier Fannie and Freddie bolstered their affordable housing acquisitions in 2021; FHLB not so much.Read More
Another Tender Offer for Freddie STACRs June 17, 2022 Dennis Hollier Freddie continues to remove uneconomical credit-risk transfer notes from its balance sheet.Read More
Fannie Cranks Out a $19 Billion CIRT Deal June 17, 2022 Dennis Hollier In addition to a Credit Insurance Risk Transfer transaction, the GSE’s capital markets team completed a $477.2 million non-performing loan sale.Read More
Former Freddie Exec Turns Up at Greystone June 17, 2022 Dennis Hollier Rich Martinez joins the growing roster of executives abandoning the GSEs for greener pastures.Read More
Grapevine: Foreclosures Up in May; Homebuyer Sentiment Down June 17, 2022 Dennis Hollier Mortgage market starting to return to normal (whatever that means.)Read More
CPI Spike Impacts MBS Markets June 16, 2022 Dennis Hollier An unexpected surge in inflation briefly created a “no-bid” moment for agency MBS.Read More
GSE Pilots Resurface with Equitable Housing Finance Plans June 16, 2022 Dennis Hollier Both Fannie Mae and Freddie Mac plan to base much of their equitable housing finance efforts on existing pilot programs.Read More
The Big Question: Should the Fed Hike Rates or Sell MBS? June 10, 2022 Dennis Hollier The impact of balance sheet reductions, which effect the supply of long-term securities, is more tangential.Read More
Should the Federal Reserve Hike Rates or Sell MBS? June 9, 2022 Dennis Hollier The impact of the Federal Reserve’s balance sheet reduction is expected to be equivalent to a 50-basis-point increase in the federal funds rate.Read More
GSE CRT Issuance Steady Despite Shrinking Demand June 9, 2022 Dennis Hollier Wider spreads on CAS and STACR deals suggest demand for the credit risk transfer securities is dwindling.Read More