The Story Behind the Fannie/Freddie Dollar-Roll Move March 25, 2020 Dennis Hollier “The move to increase liquidity was done for just three days, Monday, Tuesday and Wednesday,” an FHFA spokesperson said.Read More
FHFA Relaxes Appraisal and Employment Verification Requirements During Crisis March 23, 2020 Dennis Hollier FHFA’s move regarding appraisals was somewhat expected...Read More
Mortgage Rates, MBS and Treasuries March 19, 2020 Dennis Hollier While it may seem the Fed’s actions can directly affect mortgage rates, Wells Fargo analysts said any such effect may get counterbalanced.Read More
FRBNY Outlines Plans to Purchase Agency MBS March 19, 2020 Dennis Hollier The trading desk will purchase both 30-year and 15-year fixed-rate agency MBS. All trades will be conducted through FedTrade. Read More
Calabria Delays Release of Re-Proposed Capital Rule March 19, 2020 Dennis Hollier Calabria suggested the new version of the capital rule might not look so different from the version proposed under the previous director, Mel Watt. Read More
DOJ Initiates Antitrust Probe into FICO March 19, 2020 Dennis Hollier The Department of Justice’s antitrust investigation into FICO appears to be related to an ongoing civil lawsuit between the company and TransUnion regarding underpaid royalties. Read More
Fannie/Freddie Issue Forbearance Update March 19, 2020 Dennis Hollier Fannie and Freddie said residential borrowers are expected to contact their servicer to set up forbearance plan.Read More
CHLA Asks FHFA to Delay New Financial Requirements March 18, 2020 Dennis Hollier CHLA recommends that FHFA only apply the new rules to companies with servicing portfolios exceeding $10 billion.Read More
Mortgage Industry Resumes Fight Against G-Fee Hike March 16, 2020 Dennis Hollier Earlier this month, 31 real estate-related trade groups sent a letter to Congress protesting the use of g-fees to fund non-housing-related activities. Read More
FHFA Reiterates Forbearance Amid Coronavirus Outbreak March 13, 2020 Dennis Hollier Borrowers are entitled to forbearance if unable to make their monthly mortgage payment due to the virus, the FHFA has reminded servicers.Read More