Dennis Hollier

Court Won’t Approve Ditech Bankruptcy Settlement

September 5, 2019

The success of the mortgage giant’s settlement with creditors depended on its assertion that the sale of its assets was part of its reorganization plan rather than Chapter 11 proceedings.

The Inverted Yield Curve and the Bond Market

September 5, 2019

Dennis Hollier

The sagging rates on long-term bonds also impact bank earnings and the mortgage-backed security market.

In 2Q19, a 27% Decline in FHLB Earnings

August 28, 2019

Dennis Hollier

The top three FHLB borrowers via the advance window: Wells Fargo, JPMorgan Chase and PNC Bank…

GSE ‘Stress Tests’ Predict $18B of Losses in a Severe Recession

August 27, 2019

Dennis Hollier

Even though the preferred stock purchase agreement between the GSEs and the Treasury Department limits Fannie’s and Freddie’s capital reserves to $3 billion each, FHFA still requires the enterprises to undergo the stress test evaluation each year…

GSE G-Fees Could be Tapped Again to Pay for a Tax Cut

August 26, 2019

Dennis Hollier

"What starts as a temporary 10 bps hike could become a material and permanent tax on housing," said Jaret Seiberg, a policy analyst at Cowen.

FHLBank Earnings Decline in 2Q19

August 23, 2019

Dennis Hollier

The Federal Home Loan Bank System saw a 21.2% decline in earnings during the second quarter of 2019.

GSE Stress Tests Predict $18B Loss in Severe Recession

August 23, 2019

Dennis Hollier

The 2019 DFAST includes a more severe recession than in 2018, with a major economic crisis in Europe causing investors to flee to U.S. markets.

Will CECL Cause the GSEs to Make a Draw on Treasury?

August 23, 2019

Dennis Hollier

Fannie warns that the loss reserves required by the new FASB standard may exceed its retained earnings in the first quarter of 2020.

FHFA Reverses Course on Credit Score Model

August 23, 2019

Dennis Hollier

A new rule means FICO will face competition as a credit scoring model for homebuyers, potentially expanding the number of mortgage applicants dramatically.

FHFA Scotches Language Preference Question on URLA

August 23, 2019

Dennis Hollier

The agency now says the question about language preference on the revised Uniform Residential Loan Application will be voluntary.

Dennis Hollier

ARTICLES

Court Won’t Approve Ditech Bankruptcy Settlement

The Inverted Yield Curve and the Bond Market

In 2Q19, a 27% Decline in FHLB Earnings

GSE ‘Stress Tests’ Predict $18B of Losses in a Severe Recession

GSE G-Fees Could be Tapped Again to Pay for a Tax Cut

FHLBank Earnings Decline in 2Q19

GSE Stress Tests Predict $18B Loss in Severe Recession

Will CECL Cause the GSEs to Make a Draw on Treasury?

FHFA Reverses Course on Credit Score Model

FHFA Scotches Language Preference Question on URLA

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