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Home » Authors » Charles Wisniowski

Articles by Charles Wisniowski

MBA Weighs in on FHFA Audit of TBW’s Failure, Doesn’t Like IG’s Recommendation

September 8, 2014
Charles Wisniowski
MBA's Gross noted that the cost of changing external auditors is “significant,” both for large and small seller/servicers, whether they are public or not.
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FHFA IG Seeks Firearms-Proficient Criminal Investigator. What the Heck?

September 3, 2014
Charles Wisniowski
The FHFA IG job candidate must be able to withstand "moderate to arduous physical exertion involving walking and standing, use of firearms, and exposure to inclement weather."
Read More

18 FHLB Members Affected by Proposed FHFA Ban on Captive Insurers

September 3, 2014
Paul Muolo and Charles Wisniowski
Analysts at FBR & Co. view the ban as an “earnings issue” because “replacement financing would likely be more expensive than existing financing.”
Read More

FHFA Rule Would Effectively Ban Most REITs from FHLB System

September 2, 2014
Charles Wisniowski
A handful of REITs have gained access – or tried to gain access – to the FHLB’s borrowing window through a captive insurance company.
Read More

FHFA IG: Freddie Mac Could Save Millions by Reviewing More Servicer Claims

August 29, 2014
Charles Wisniowski
In 2013, Freddie Mac reimbursed its servicers $1.4 billion but identified and denied $126 million in what the IG calls “erroneous” claims.
Read More

Moody’s, Urban Institute Want Changes to FHFA’s MI Eligibility Rules

August 27, 2014
Charles Wisniowski
In early July, the FHFA unveiled the new MI eligibility standards, which propose – for the first time – risk-based capital rules that are tied to a measurement called “available assets.”
Read More

Most of the Mortgage Industry Does Not Want a G-Fee Hike

August 25, 2014
Charles Wisniowski
SIFMA said the FHFA should view g-fees not as “static amounts,” but rather as compensation for credit enhancements that may vary from time to time.
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Short Takes: Altisource to Hire 500 Workers…in India / Altisource Investors Not Happy? / Phoenix Capital Stays Busy with MSR Deals / Atlanta FHLB Joins MPF Program / 360 Mortgage Hires Western Regional Manager

August 25, 2014
Paul Muolo and Charles Wisniowski
Altisource shareholders are not happy campers these days. The firm’s stock is trading at $91 compared to a 52-week high of $171.
Read More

GSE Shareholder Group Gets Face Time with FHFA’s Watt, But…

August 20, 2014
Charles Wisniowski
Investors Unite now boasts almost 1,000 members, which include both common and preferred stakeholders in Fannie Mae and Freddie Mac.
Read More

Pershing’s Second GSE Lawsuit Seeks ‘Net Worth Sweep’ Injunction

August 19, 2014
Charles Wisniowski
Unlike the various 20 lawsuits filed against the government, Pershing Square Capital Management's legal actions focus on common shareholders.
Read More
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