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Home » Authors » Charles Wisniowski

Articles by Charles Wisniowski

RBS Still has Major Non-Agency MBS Exposure Tied to Fannie/Freddie

June 20, 2014
Paul Muolo and Charles Wisniowski
RBS, which is effectively owned by the British government, still faces liability in private label security (PLS) matters tied to Greenwich Capital, a U.S. subsidiary that at one time was the largest nonprime issuer in the nation.
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GSE Investor Group Wants FHFA to Hike G-Fees

June 19, 2014
Charles Wisniowski
Investors Unite is urging the FHFA not manage Fannie Mae and Freddie Mac as "non-profits."
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Short Takes: HUD Nominee Castro Hedges on Eminent Domain / FHFA Associate Director Singh Departs / The Longest MSR Transfer in World History? / Ocwen Pays Fine to Massachusetts / GSEs Clear Another Transfer Tax Hurdle

June 17, 2014
George Brooks, Brandon Ivey, Paul Muolo, and Charles Wisniowski
At the FHFA, Singh was involved in strategic planning to help attract private capital to the mortgage industry, a key goal of former Acting Director Edward DeMarco…
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Short Takes: California Remains the Golden State of Mortgage Companies / A Ton of Loan Officers? / A Nation of Renters? / Confirmation Hearing for FHFA IG Nominee / Newcastle to Spin-off Unit

June 16, 2014
Paul Muolo and Charles Wisniowski
The number of mortgage companies in California rose 7.8 percent on a sequential basis. Nationwide, there are 392,896 federally registered mortgage loan officers…
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House Bill Amendment Would Block GSE Payments to National Housing Trust Fund

June 11, 2014
Charles Wisniowski
The amendment would prohibit the GSEs from channeling cash to the NHTF, which was established under the Housing and Economic Recovery Act of 2008.
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More Calls to Preserve Fannie and Freddie Instead of Killing Them

June 10, 2014
Charles Wisniowski
Rosner of Graham Fisher & Co. also wants to see the use “stringent methods” to price guarantees separate from the GSE's.
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Short Takes: FBR Hardly Bullish on 2014 Originations / Too Many Applications are Newbies? / How Much Stock do Fannie & Freddie Insiders Own? / A Huge Difference in Denial Rates / Fannie Must Pay Condo Fees

June 9, 2014
Paul Muolo and Charles Wisniowski
How much stock to insiders at Fannie Mae and Freddie Mac actually own?
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Progressive Groups Push to Have GSEs Finance the National Housing Trust Fund

June 5, 2014
Charles Wisniowski
Notably absent from Watt’s first major policy speech as FHFA director last month was any mention of the housing trust funds.
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Fairholme, Perry Lawyers File Motion to Vacate ‘Illegal’ GSE Profit Sweep

June 4, 2014
Charles Wisniowski
Treasury and the FHFA not only acted “arbitrarily and capriciously” in executing the Third Amendment to the Preferred Stock Purchase Agreements with the GSEs, the agencies ignored “salient data,” including Fannie’s and Freddie’s tens of billions of dollars in deferred tax assets.
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Massachusetts AG Sues GSEs Over Foreclosure Law

June 3, 2014
Charles Wisniowski
The “arm’s length transaction” policy of Fannie Mae and Freddie Mac prohibit property sales to non-profits that resell to the original homeowner.
Read More
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