Dennis Hollier

Prior to the 2008 housing crisis, the supply of new housing units dipped below 1.25 million only once, in 1982. Following the crisis, the supply didn’t rise above 1.25 million until 2017.

Fed May Need to Buy More Than Treasuries and MBS

March 12, 2020

Dennis Hollier

Since the financial crisis, the Fed’s main policy tool has been to lower interest rates by purchasing Treasuries and agency MBS. However, with rates on these securities at record lows, this strategy may no longer work.

GSEs Accelerate Multifamily CRT

March 12, 2020

Dennis Hollier

Freddie has priced in excess of $8 billion in multifamily CRT so far in 2020 while Fannie has added more than $10 billion of MCIRT.

Industry Fights Hike in G-Fee to Fund Non-Housing Plans

March 12, 2020

Dennis Hollier

The industry has once again written to Congress requesting that guarantee fees be used only as originally intended: as a critical risk management tool to protect against potential mortgage credit losses.

Industry Groups Fight Proposed Increase in G-Fees

March 9, 2020

Dennis Hollier

The Trump administration has not only proposed extending the existing g-fee surcharge, but recommends doubling it. Not to be outdone, both Democratic presidential candidates, former Vice-President Joe Biden and Sen. Bernie Sanders, D-VT, also support raising g-fees.

FHFA Not Well-Staffed for Post-Conservatorship Role

March 5, 2020

Dennis Hollier

The FHFA’s inspector general has criticized the agency’s workforce planning process, particularly in the Division of Enterprise Regulation.

Repo Market Still Not Recovered from September Scare

March 5, 2020

Dennis Hollier

The New York Fed performed two separate repo market maneuvers on Tuesday: a $100 billion overnight operation and a $20 billion 14-day assignment. Both were oversubscribed.

Dennis Hollier

ARTICLES

SCOTUS and 5th Circuit Confuse Matters for FHFA and CFPB

Audit Finds FHFA Unprepared to Regulate GSEs

Fannie and Freddie Crank Up Multifamily CRT

Freddie Reports State-Level Housing Shortage

Fed May Need to Buy More Than Treasuries and MBS

GSEs Accelerate Multifamily CRT

Industry Fights Hike in G-Fee to Fund Non-Housing Plans

Industry Groups Fight Proposed Increase in G-Fees

FHFA Not Well-Staffed for Post-Conservatorship Role

Repo Market Still Not Recovered from September Scare

Latest Imf News

Depository Share of GSE Servicing Increases in 1Q

Margins Increase at AmeriHome Owner in First Quarter

Brokers Look to Reduce Credit Report Costs

Annaly Turns Profit in First Quarter Despite Agency MBS Issues

Featured Data

GSE Deliveries Weaken in First Quarter of 2026

GSE Lenders Stretch Credit Envelope in First Quarter

Bank Sales of Mortgages Rise to 2022 Level at End of 2025

Structured Finance Market Keeps Momentum Going

Featured Reports

Agency Channel Analysis: 4Q25 (PDF)

GSE Repurchase Activity: Cumulative Through Fourth Quarter 2025 (PDF Format)

Mortgage Profitability Report 4Q25 (PDF)

Mortgage Servicing Rights Report: 4Q25 (PDF)

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?