Dennis Hollier

FHFA Sues Wells Fargo in On-Again, Off-Again Sub-Prime Case

June 14, 2019

One of the last legal dramas from the subprime crisis took a surprise turn last week when FHFA sued Wells over a case that had been settled earlier this year. At stake: more than $1 billion in RMBS issued 13 years ago.

Optional Adoption Period for URLA Delayed

June 14, 2019

Dennis Hollier

The FHFA has postponed implementation of a complex data standardization process as trade groups worry whether the industry is ready.

Fannie Announces 12th RPL Sale

June 14, 2019

Dennis Hollier

The GSE continues FHFA-mandated shedding of its retained mortgage portfolio.

FHFA: CRT and CECL May Reduce GSE Earnings

June 14, 2019

Dennis Hollier

Calabria reports to Congress on the outlook for Fannie and Freddie. Then asks for powers like those of the FDIC and other financial regulators, including the authority to issue charters for new GSEs.

Moody’s Economist Pushes Quicker Routes to Reform

June 14, 2019

Dennis Hollier

Economists use an Urban Institute roundtable to debate the best and fastest route to fix what ails Fannie and Freddie.

Raymond James Says GSE IPOs Will Take a While

June 14, 2019

Dennis Hollier

Industry insiders disagree on how long it would take for Fannie and Freddie to go public. A Raymond James report says it will take three to four years, while others say it depends on the plan.

Trade in UMBS Finally Begins

June 14, 2019

Dennis Hollier

The long saga of the Single Security Initiative culminates in what’s supposed to be a more liquid and efficient TBA market as Fannie and Freddie issue their first common securities over the CSP.

FHFA Working with GSEs to Improve Counterparty Risk (Nonbanks)

June 14, 2019

Dennis Hollier and Paul Muolo

Mark Calabria of the FHFA: “But from a risk perspective there are some key differences between banks and non-banks that we need to address in a responsible way. Prudent, sustainable risk management is one of my top priorities.” The regulator did not elaborate much...

Calabria Says Post-Crisis Housing Finance Basically the Same

June 14, 2019

Dennis Hollier

The FHFA director adds nonbank counterparty risk to his list of concerns. He is pushing for more competition as a solution for reform. But Realtors have concerns of their own: keeping an explicit government guarantee.

FHFA Sues Wells Fargo in Legacy Subprime Case

June 13, 2019

Dennis Hollier

The subprime crisis of 2008 may be over but court cases tied to MBS underwriting misdeeds continue to linger. The latest action pits the FHFA against Wells Fargo for one of its acquisitions: Wachovia.

Dennis Hollier

ARTICLES

FHFA Sues Wells Fargo in On-Again, Off-Again Sub-Prime Case

Optional Adoption Period for URLA Delayed

Fannie Announces 12th RPL Sale

FHFA: CRT and CECL May Reduce GSE Earnings

Moody’s Economist Pushes Quicker Routes to Reform

Raymond James Says GSE IPOs Will Take a While

Trade in UMBS Finally Begins

FHFA Working with GSEs to Improve Counterparty Risk (Nonbanks)

Calabria Says Post-Crisis Housing Finance Basically the Same

FHFA Sues Wells Fargo in Legacy Subprime Case

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