Adverse Market Fee to Stay Until December (at Least) April 16, 2021 Dennis Hollier FHFA says it has not “extended” the fee because it never announced an end date. Nevertheless, it will review the financial situation in October.Read More
Freddie Falls Short on 2020 Housing Goal April 16, 2021 Dennis Hollier Although the enterprise did not reach FHFA’s benchmark for low-income re-finance mortgages, it’s not exactly in the regulatory doghouse. Read More
New Hire at FHFA April 16, 2021 Dennis Hollier The GSEs’ regulator poaches an executive from FDIC: Marc Steckel. Read More
Would a Central Clearing Facility Improve the MBS Market? April 16, 2021 Dennis Hollier Federal Reserve Bank of New York economists look for ways to improve the market-making capacity of prime dealers for agency MBS. Read More
Fannie and Freddie to Bolster MBS Disclosures April 16, 2021 Dennis Hollier The GSEs will provide investors with new loan-level and security-level data beginning June. Read More
Rich Man, Poor Man (A Study of Refis) April 16, 2021 Dennis Hollier Historically, rich and poor borrowers have had roughly the same likelihood of refinancing: a probability of 1.14%. Read More
Fannie Mae and Freddie Mac Improve MBS Disclosures April 15, 2021 Dennis Hollier The new enhancements will include both loan- and security-level data. Target date: early June.Read More
The GSEs Ramp Up RPL Sales April 15, 2021 Dennis Hollier Fannie Mae and Freddie Mac are taking different approaches to unloading the reperforming loans in their portfolios.Read More
Ending the GSE 'Patch': Now What? April 15, 2021 Dennis Hollier As might be expected, the move rattled lenders who are now trying to figure out the ramifications of a patch-less mortgage world...Read More
What to Know About the End of the ‘GSE Patch’ April 15, 2021 Dennis Hollier Though the CFPB wants to allow lenders to continue to use the patch for another 18 months, the PSPA requires Fannie and Freddie to cease buying patch loans as of July 1.Read More