New Lawsuit Challenges Conservatorship of GSEs October 14, 2021 Dennis Hollier FBOP, a bank holding company whose subsidiaries once owned nearly $1 billion in GSE shares, has joined the ranks of plaintiffs suing the government for destroying the value of those shares. Is it too late?Read More
Freddie to Issue $3 Billion in Affordable Housing Bonds October 14, 2021 Dennis Hollier The mortgage giant got the ball rolling with a $285 million offering of uniform MBS collateralized entirely of Home Possible mortgages.Read More
PNC Bank Hit With Class Action on Deferral Practices October 14, 2021 Dennis Hollier By adding deferred payments to the end of the mortgage, the bank may be double-charging borrowers for the principal payments.Read More
FHFA Publishes 2022 Fannie/Freddie Multifamily Caps October 13, 2021 Dennis Hollier The government-sponsored enterprises will each be able to purchase $8 billion more in multifamily loans next year.Read More
(GSE) Cash-Out Refis: Boom Without the Bust October 8, 2021 Dennis Hollier We all remember what happened in 2007 when home prices collapsed and all that equity vanished...Read More
FHFA Scraps CSS Plans to Issue Non-GSE Securities October 7, 2021 Dennis Hollier A leadership shuffle at the Fannie/Freddie joint venture ends rumors that its securitization platform would be opened to competing guarantors.Read More
FHFA CRT Proposal Would Double Return on Capital October 7, 2021 Dennis Hollier A Structured Finance Association white paper finds the implementation of CRT programs nearly doubles the ROC for Fannie and Freddie.Read More
The End Is Nigh for LIBOR, Fed Vice Chair Warns October 7, 2021 Dennis Hollier Examiners at the Fed and other financial regulators will be on the lookout for banks that aren’t prepared for the transition to SOFR.Read More
Debt Issuance by Fannie Mae and Freddie Mac Plummets October 7, 2021 Dennis Hollier As issuance has dropped, the companies’ outstanding debt balances have also declined.Read More
Cash-Out Refis: Boom Without the Bust October 7, 2021 Dennis Hollier An FHFA-OIG report suggests underwriting for the current wave of cash-out refinances is much better than in previous cycles.Read More