Dennis Hollier

What Does the Fifth Circuit Win Mean for GSE Investors?

September 20, 2019

On the issue of FHFA’s constitutionality, the court ruled for the plaintiffs. But rather than invalidate the net worth sweep, the court struck the “for-cause” provision from HERA.

Lackluster Response to Treasury’s Housing Reform Plan

September 20, 2019

Dennis Hollier

The issues have been argued over so long, and the views of key players are so well known, that the plan itself couldn’t help but disappoint.

Deutsche Bank Cooperating in Bond Rigging Case

September 20, 2019

Dennis Hollier

According to court filings, between 2009 and 2016, the trading desks at the defendant banks conspired to inflate prices.

FHFA Lowers Multifamily Caps on Fannie and Freddie

September 20, 2019

Dennis Hollier

The new cap structure will allow each firm to invest up to $100 billion in multifamily projects over the next five quarters. At least 37.5% of that investment must be for affordable housing.

Focusing on GSE Risk, Not Footprint: Calabria

September 19, 2019

Dennis Hollier

Dealing with the risks in Fannie Mae’s and Freddie Mac’s portfolio is more complicated than simply reducing the footprint of the government-sponsored enterprises, FHFA Director Mark Calabria told IM&A.

End of GSE Profit Sweep Imminent, Says Calabria

September 19, 2019

Dennis Hollier

FHFA and Treasury are close to signing a letter agreement that will eliminate the profit sweep by month-end, according to the agency’s director.

Deutsche Bank Settles Bond Rigging Suit; Cooperating in Case

September 19, 2019

Dennis Hollier

Deutsche Bank has agreed to settle a bond rigging lawsuit, and is cooperating in the case by providing documents and other relevant materials.

FHFA: The End of the Net Worth Profit Sweep is Imminent

September 19, 2019

Dennis Hollier

A reason for GSE shareholders to rejoice: The FHFA will eliminate the net worth profit sweep shortly…

FHFA Director Says New GSE Capital Rule Months Away

September 17, 2019

Dennis Hollier

One industry lobbyist, requesting anonymity, noted that when it comes to a possible recapitalization-and-release plan for Fannie and Freddie, “Everything flows from the capital rule. This shows us the [recap and release] process will not go quickly.”

Short Takes: Net Worth Sweep on Last Legs? / MBS and ABS Weather Next Recession / Boosting Innovation in Lending / New HMDA Data

September 13, 2019

Dennis Hollier

FHFA modifies multifamily caps to help keep Fannie and Freddie from crowding out private investment.

Dennis Hollier

ARTICLES

What Does the Fifth Circuit Win Mean for GSE Investors?

Lackluster Response to Treasury’s Housing Reform Plan

Deutsche Bank Cooperating in Bond Rigging Case

FHFA Lowers Multifamily Caps on Fannie and Freddie

Focusing on GSE Risk, Not Footprint: Calabria

End of GSE Profit Sweep Imminent, Says Calabria

Deutsche Bank Settles Bond Rigging Suit; Cooperating in Case

FHFA: The End of the Net Worth Profit Sweep is Imminent

FHFA Director Says New GSE Capital Rule Months Away

Short Takes: Net Worth Sweep on Last Legs? / MBS and ABS Weather Next Recession / Boosting Innovation in Lending / New HMDA Data

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