Dennis Hollier

Mr. Cooper Goes On the Record, Assessing the Cost of the New GSE (Refi) LLPA

August 21, 2020

In a new filing with the SEC, Mr. Cooper disclosed that after accounting for a modest increase in the value of its mortgage servicing rights, the new GSE LLPA will reduce the value of the loans in its pipeline by approximately $20 million...

GSEs Defend New Fee, Say it Won’t Increase Refi Costs

August 20, 2020

Dennis Hollier and Paul Muolo

In a joint statement, the CEOs of Fannie and Freddie said the new adverse market fee will not increase borrowers’ costs, it will only reduce their savings.

Fannie to Add New Fields to CRT Disclosures

August 20, 2020

Dennis Hollier

The GSE, however, hasn’t issued any new credit-risk transfer transaction since March and has no plans to for the rest of the year. Meaning?

Industry Rails Against Steep GSE Refinance Fee

August 20, 2020

Dennis Hollier

Trade groups point out the irony of raising mortgage rates at a time when the Federal Reserve is spending more than $40 billion a month on agency securities in an attempt to lower the cost of buying or refinancing a loan.

CBO Skeptical About GSE Public Offerings

August 20, 2020

Dennis Hollier

Even under modest assumptions, Fannie and Freddie likely won’t have enough available equity to make a sale of common worthwhile.

Fannie Forecasts $2.1 Trillion in Refis for 2020

August 20, 2020

Dennis Hollier

Despite a sharp drop in GDP in the second quarter, Fannie economists expect mortgage originations to reach $3.4 trillion in 2020, the most since the banner year of 2003.

CBO Not So Bullish on a GSE IPO

August 19, 2020

Dennis Hollier

CBO, in a report that received little notice, based its estimates on a variety of assumptions about the companies’ retained earnings, capital requirements and more...

Short Takes: Don’t Faint: Freedom Actually Bought RoundPoint / Price? / The 12th Largest Servicer / Nielson Picked to Argue FHFA-SCOTUS Case

August 18, 2020

Paul Muolo and Dennis Hollier

Break out the smelling salts: Freedom Mortgage bought RoundPoint after all...

Fannie Once Again Hikes its Origination Forecast; $2.1 Trillion in Refis for 2020

August 17, 2020

Dennis Hollier

Fannie economists say surging refinance volumes remain the driving force in the housing market...

GSEs to Charge Lenders a 50 bps ‘Adverse’ Market Fee

August 14, 2020

Dennis Hollier

MBA President Bob Broeksmit argues that the new LLPA “flies in the face of the administration’s recent executive actions urging federal agencies to take all measures within their authorities to support struggling homeowners.”

Dennis Hollier

ARTICLES

Mr. Cooper Goes On the Record, Assessing the Cost of the New GSE (Refi) LLPA

GSEs Defend New Fee, Say it Won’t Increase Refi Costs

Fannie to Add New Fields to CRT Disclosures

Industry Rails Against Steep GSE Refinance Fee

CBO Skeptical About GSE Public Offerings

Fannie Forecasts $2.1 Trillion in Refis for 2020

CBO Not So Bullish on a GSE IPO

Short Takes: Don’t Faint: Freedom Actually Bought RoundPoint / Price? / The 12th Largest Servicer / Nielson Picked to Argue FHFA-SCOTUS Case

Fannie Once Again Hikes its Origination Forecast; $2.1 Trillion in Refis for 2020

GSEs to Charge Lenders a 50 bps ‘Adverse’ Market Fee

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