Dennis Hollier

Fannie Mae Finds Some Erroneous MBS Prepayments

November 5, 2020

The enterprise said 544 loans from uniform MBS pools and 677 loans from mega/super pools were erroneously liquidated due to a servicer’s error. Investors in the securities have the option to pursue claims.

Fannie Issues First MBS Backed by SOFR-Linked ARMs

November 5, 2020

Dennis Hollier

While Fannie began accepting single-family SOFR-indexed ARMs in Au-gust, it stopped taking LIBOR-indexed mortgages at the end of September. By the end of the year, the enterprise will no longer issue LIBOR-linked MBS.

Court Dismisses Charges in $500 Million MF Mortgage Fraud Case

November 5, 2020

Dennis Hollier

A federal judge found that the government’s failure to provide evidence in a timely manner violated the defendants’ constitutional right to a speedy trial. But the case was dismissed without prejudice.

Fannie Mae Names Former FDIC Chief Sheila Bair as its New Chair

November 5, 2020

Dennis Hollier

Bair, a native of Kansas, came to Washington under the wing of then-Senator Bob Dole in the early 1980s.

Short Takes: The FHFA Job / GSE Recap & Release? / More GSEs? / 12 and 2 / Red and Blue and Home Prices / ACUMA on URLA

November 3, 2020

Paul Muolo and Dennis Hollier

The longest government conservatorship in the history of the U.S. belongs to Fannie and Freddie. Both have been profitable since 2012...

Freddie MF Forbearance Loans Not a Threat

October 29, 2020

Dennis Hollier

The majority of Freddie Mae’s forborne multifamily loans were in small-balance loan pools. Just 251 of them loans were in the company’s signature K-deals.

Annaly and AGNC Surprise Analysts with Q3 Earnings

October 29, 2020

Dennis Hollier

The nation’s two largest MBS-investing REITs reported higher-than-expected earnings per share for the third quarter. Annaly even declared a quarterly common dividend of $0.22 per unit.