Dennis Hollier

GSE Roundup

July 26, 2019

Fannie continued to wind down its portfolio of nonperforming and reperforming loans, in compliance with FHFA directives; Freddie released two structured pass-through certificates with yields ranging from 2.47% to 5.22%.

CFPB Will Allow GSE Patch to Expire

July 26, 2019

Dennis Hollier

The bureau’s proposed rulemaking could apply to nearly a third of the mortgage loans purchased by the GSEs. Industry observers wait to see if it impacts access to credit for low- and mid-income borrowers.

Is an End to the Net Worth Sweep Imminent?

July 26, 2019

Dennis Hollier

Industry observers worry that FHFA’s failure to complete its final capital rule, and Treasury’s delay releasing its plan for housing-finance reform, may push the end of the sweep into next year.

GSEs Managing Multifamily Caps Amid Low Interest Rates

July 25, 2019

Dennis Hollier

Fannie and Freddie are struggling to keep their multifamily caps under control in a red-hot apartment market. Meanwhile, life insurers are providing stiff competition.

Time to Consider the Public Utility Model for the GSEs?

July 25, 2019

Dennis Hollier

Freddie Mac’s former CEO Don Layton makes a case for the GSEs as public utilities.

Time to (Seriously) Consider the Public Utility Model for the GSEs?

July 25, 2019

Dennis Hollier

Harvard's Don Layton on creating more competition for Fannie and Freddie: “I have not encountered any knowledgeable people who think it could happen quickly."

SIFMA Calls for Explicit Government Guarantee of Agency MBS

July 18, 2019

Dennis Hollier

The Wall Street trade group cautioned that releasing the GSEs from conservatorship without an explicit government guarantee will scare investors and reduce the liquidity in the TBA market.

Grapevine: MSR Auctions Making a Comeback? / Stearns Cuts a Deal with PIMCO on Debt Recast

July 18, 2019

Paul Muolo and Dennis Hollier

Mortgage Grapevine: MSR auctions have been few and far between of late, but all that may soon change. Meanwhile, Stearns Lending has secured the cooperation of its largest bondholder, PIMCO, to reduce its debt load. Now, it's just a matter of time and working with the bankruptcy court.