Dennis Hollier

Short Takes: Chase Issuing CRT on Jumbo Pools / New Rez Weathering MSR Markdowns / Leadership Turnover in HUD Housing Programs

October 11, 2019

FHFA Advisory Contract Valued at $20M to $30M

October 10, 2019

The recap and release of Fannie Mae and Freddie Mac could be a bonanza for investment banking/advisory firms that assist the government. There might be four contracts overall.

GSE Reform: Maybe Call In the Federal Reserve?

October 10, 2019

Dennis Hollier

“We’re trying to be holistic about this,” said FHFA Director Mark Calabria, “which obviously means it takes time.”

FHFA Seeks Expert to End Control of Fannie, Freddie

October 10, 2019

Dennis Hollier

The agency is looking for a financial advisor to help in its efforts to remove the government-sponsored enterprises from conservatorship.

Do the New Capital Buffers Favor Fannie or Freddie?

October 10, 2019

Dennis Hollier

The new capital buffer deal has a limited life. At current earnings rates, Fannie will reach the $25 billion buffer cap in about two years, Freddie a little later.

Fed Study: Mortgage Lending Declines Amid Policy Uncertainty

October 10, 2019

Dennis Hollier

In gubernatorial election years, banks cut the dollar volume of jumbo loans they originate or purchase by 13% to 25%, a Fed study shows.

Is the Hiatus to the Net Worth Sweep a Flimflam?

October 10, 2019

Dennis Hollier

Analyst Richard Bove thinks the new net worth sweep agreement is just a gimmick because the liquidation preference on Treasury’s preferred stock will offset any increase in the GSEs’ capital buffers.

Freddie Single-Family Chief David Lowman Sets Departure Date

October 8, 2019

Dennis Hollier

Departing GSE executive David Lowman: “With over six years at Freddie Mac, I want to take advantage of opportunities presented by the rapidly evolving mortgage finance marketplace and its adjacent industries."

Is This the End of the Net Worth Sweep? Not Quite

October 4, 2019

Dennis Hollier

Fannie and Freddie will be able to retain all their second-quarter profits, rather than forward them to Treasury. Combined, the GSEs will add $5.2 billion to their net worth this month.

Repo Turmoil Casts Doubt on Move from LIBOR to SOFR

October 4, 2019

Dennis Hollier

SOFR-linked debt is vulnerable to much higher rate volatility than those referencing LIBOR. This risk was highlighted last month when surging repo rates sent SOFR briefly to a record 5.25%.

Dennis Hollier

ARTICLES

Short Takes: Chase Issuing CRT on Jumbo Pools / New Rez Weathering MSR Markdowns / Leadership Turnover in HUD Housing Programs

FHFA Advisory Contract Valued at $20M to $30M

GSE Reform: Maybe Call In the Federal Reserve?

FHFA Seeks Expert to End Control of Fannie, Freddie

Do the New Capital Buffers Favor Fannie or Freddie?

Fed Study: Mortgage Lending Declines Amid Policy Uncertainty

Is the Hiatus to the Net Worth Sweep a Flimflam?

Freddie Single-Family Chief David Lowman Sets Departure Date

Is This the End of the Net Worth Sweep? Not Quite

Repo Turmoil Casts Doubt on Move from LIBOR to SOFR

Latest Imf News

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Featured Data

ARM Production Bounces Back in Fourth Quarter

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Featured Reports

Mortgage Profitability Report 4Q25 (PDF)

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IMF Mortgage Directory: Full interactive database

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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?