Dennis Hollier

Fannie: Mortgage Lenders Expect Declining Profits

March 11, 2021

In the first quarter, 52% of lenders said they believe their margins will decrease...

FHFA Cranks Up the Hiring Machine

March 8, 2021

According to FHFA’s own performance and accountability reports, the number of employees at the agency grew from 609 in 2019 to 635 in 2020. More tellingly, FHFA has budgeted for an additional 113 employees in 2021.

FHFA’s Latest Hiring Spree Will Add 113 New Jobs

March 5, 2021

Dennis Hollier

Every single division of the FHFA is expected to see a spike in payroll in 2021. The biggest change will be in the enterprise regulation unit.

Fed, Commercial Banks Continue to Dine on Agency MBS

March 5, 2021

Dennis Hollier

The Fed and commercial banks purchased a combined $1 trillion in agency MBS over the past 12 months, more than 145% of the net supply. (Includes data chart.)

GSE Patch is Here to Stay (at least Through September 2022)

March 5, 2021

Dennis Hollier

The CFPB proposed rulemaking to delay mandatory compliance with the general qualified mortgage rule until Oct. 1, 2022.

Fannie to Re-securitize RPLs with Principal Forbearance

March 5, 2021

Dennis Hollier

None of these new securitizations are expected to include loans with temporary payment forbearance like that used for pandemic relief.

MBS Inventor Pushes Utility Model for Fannie and Freddie

March 5, 2021

Dennis Hollier

Treasury’s stake in the GSEs should be used to create a joint venture focused on affordable housing. Also, to ensure success, Fannie and Freddie should be converted into utilities, two industry pros recommend.