Browse articles from IMFnews related to Freddie.

March 26, 2019 - IMFnews

Allow the ‘GSE Patch’ to Expire, Think Tanks Recommend

The CFPB introduced the GSE patch in 2014 as a temporary measure…

March 26, 2019 - IMFnews

Hearings Commence on GSE Reform. NAHB Worries About ‘Administrative’ Changes, Academic Trashes Crapo’s Ideas

Georgetown Law Professor Adam Levitin: “I am deeply concerned about the basic direction of the chairman’s housing-finance reform proposal outline..."

March 25, 2019 - IMFnews

Short Takes: The Mueller Report, the Legislative Calendar and the GSEs / No Kumbaya Moment Here / Let the Administrative Changes Begin / Better Enters FHA Market / The Market Doesn’t Love Us, So We’re Selling

And that means: two more years of hyper-partisan bickering on both sides and legislation only getting passed if there’s a bi-partisan consensus or a national emergency...

March 25, 2019 - IMFnews

Fannie/Freddie Debt Dealers Accused of Price Fixing

The defendants include Bank of America, Credit Suisse, Goldman Sachs and many other dealers…

March 22, 2019 - IMFnews

What We’re Hearing: Goldman Sachs is Doing What? / A Wall Street Warm Up? / 10.75% Money for Freedom Mortgage / A Grade of B+ / The Green New Deal a More Important Issue than Calabria? / CoreLogic Executive Lands Top Post at Fannie Mae

In the Senate, the 'Green New Deal' is more important than Mark Calabria?

March 22, 2019 - IMFnews

Guess What? The Federal Reserve is No Longer No. 1 in MBS Holdings

The Federal Reserve's MBS leakage began in 2017…

March 21, 2019 - IMFnews

Short Takes: The Supremes Rule on Foreclosures and the FDCPA / It’s Good to be King, Unless You’re the CEO of Freddie Mac / Angel Oak Bolsters Office Space Big Time / Tennessee Bank Looking for Non-QM Loans / Two New Directors for Fannie / Correction: Freddie CEO, Not Fannie

Based on Freddie’s annual profits, CEO Don Layton is probably one of the two most underpaid bosses in the world of finance. Soon that distinction will belong to David Brickman...

March 21, 2019 - IMFnews

Agency Servicing Grows in 4Q18 but Banks Say No to the Party

The only soft spot was in the servicing for non-agency mortgage-backed securities…

March 21, 2019 - IMFnews

It’s Official: Freddie Names Dave Brickman CEO, Succeeding Layton. As for His Salary…

Thanks to meddling by Congress, several top executives at the GSEs earn more than the CEO...

March 20, 2019 - IMFnews

Senate Banking Committee Unveils Lineup for Two Days of GSE Reform Hearings

When it comes to GSE reform, it's never too early to call 12 witnesses...

March 20, 2019 - IMFnews

Short Takes: Getting the Industry’s Pulse on GSE Reform / Who Gets to Lead? / Why Phillips Didn’t Get the FHFA Job / The Battle for Risk / Selling Shares in Invitation Homes / Radian Names Dave Stevens to Its Board

Who knows more about GSE reform: the White House or Treasury? We get a sense the two parties don't see eye to eye on everything...

March 19, 2019 - IMFnews

Short Takes: Why the GSE Net Worth Sweep Won’t be Reversed / Recap and Release? / A Much-Watched Profit Reading / Starwood and Impac, a Symbiotic Relationship / Bank Failures, Anyone? / Reverse Lender Hires Sales Chief

Each quarter, GSE profits reduce the federal budget deficit. If that cash is forfeited...

March 15, 2019 - IMFnews

What We’re Hearing: The Changing of the Guard at the FHFA / A Deep Resume / Retained Capital for Fannie and Freddie, a Matter of When? / The Holy Grail / Impac Mortgage, Act III / FHA Moves to Sure Up its Book

An increase in retained earnings is a pre-cursor to GSE “recap and release,” or as Fannie/Freddie investors call it, the Holy Grail…

March 15, 2019 - IMFnews

FHFA’s Otting in a Position to Bolster the Non-Agency Market

SIFMA’s Daniel Goodwin: “Financial regulators must create a level playing field so that entities like the GSEs do not enjoy capital benefits that add to the tilting of the market…”

March 15, 2019 - IMFnews

REITs Add to Agency MBS Holdings, Non-Agency Down

Agency securities accounted for $26.4 billion of the growth in REIT MBS holdings over the course of the year…

March 14, 2019 - IMFnews

Short Takes: Not the Best Written Indictment? (Manafort) / Bought for $3 Million but Worth $8 Million a Few Years Later / Rates Move Lower / Applications Move Higher / PennyMac’s $200 Million Stock Sale / A New Hire for Gateway Mortgage

Thanks to declining interest rates, lenders are feeling more optimistic these days...

March 14, 2019 - IMFnews

SBC Chairman Crapo Schedules Two Days of Hearings on GSE Reform

NAR would like to see Fannie and Freddie restructured as tightly regulated shareholder-owned utilities...

March 14, 2019 - IMFnews

CFPB Promises to Resolve GSE ‘Patch’ Responsibly

In January, the CFPB released a five-year look-back report assessing the implementation and effect of the ability-to-repay rule…

March 13, 2019 - IMFnews

Phoenix Capital and MIAC Unveil New MSR Auctions

MIAC is also ready to take final bids on a $315.3 million Fannie/Freddie/Ginnie Mae MSR portfolio…

March 13, 2019 - IMFnews

Freddie Mac’s MBS Business Rebounds in February

Fannie Mae saw its monthly MBS output decline by 18.1% from January…

March 12, 2019 - IMFnews

Short Takes: Banking on a GSE Dividend / Maybe Next Time Around / Democrats Put CFPB Chief Kraninger on the Grill / Home Point Expands Correspondent Presence / A New Creative Hire for Guaranteed Rate

Kraninger faced some tough questions from Sen. Warren...

March 12, 2019 - IMFnews

In New Budget, White House Hikes Value of GSE Senior Preferred by 21%

However, there is no detailed explanation on the accounting…

March 11, 2019 - IMFnews

IGs Asked to Investigate GSE Insider Trading Allegations Tied to FHFA/OCC Employees

Two public watchdog groups are demanding an IG probe into possible media leaks and a spike in the stock price of GSE shares...

March 6, 2019 - IMFnews

Short Takes: Ben Carson to Leave HUD After 2020 Election? / CFPB Hearing / Home Price Appreciation Slows / Mortgage Applications Down / Pinto’s Housing Finance Reform Plan

Housing and Urban Department Secretary Ben Carson said he is planning on leaving his post at the end of President Trump’s first term ...

March 6, 2019 - IMFnews

Final Rule on UMBS Issued; June Launch Date Remains

The Federal Housing Finance Agency last week issued a final rule aimed at improving liquidity of the to-be-announced MBS as well as the new uniform MBS, which makes its debut in early June ...

March 5, 2019 - IMFnews

Short Takes: Freddie Mac Invests $61M in Affordable Housing / AMC Acquires a Title Search Firm / Stevens Joins Tech Company / CFPB Kicks Off PACE Financing Rulemaking

Freddie Mac on Monday initiated three investments in affordable housing managed by National Equity Fund ...

March 4, 2019 - IMFnews

Short Takes: Pondering the Letter Sent to Joseph Otting / Among the Signors… / More MSR Auctions in the Works / MetLife Has a Nice War Chest of Whole Loans / A New Hire at Gateway Mortgage

More servicing-related auctions are in the pipeline, including a $2.97 billion Fannie Mae/Freddie Mac portfolio from Phoenix Capital...

March 4, 2019 - IMFnews

Agency MBS Production Declined in January but Trading Volume Soared

The bravura performance came during a month when GSE and Ginnie Mae MBS issuance totaled just $80.7 billion…

March 1, 2019 - IMFnews

What We’re Hearing: Throwing Down the Gauntlet on Fannie-Freddie Changes / 27 Trades Sign On / Not One Voice of Concern? / Freddie’s MSR Pilot? / Fixing the Broken Companies / Eli Global and Greg Lindberg Back in the News / Busy Being Named a Director

Is the Senate Banking Committee ever going to hold a hearing on GSE pilot programs?

March 1, 2019 - IMFnews

How Soon Can the Calabria Vote Reach the Senate Floor? May?

One GOP staffer told Inside Mortgage Finance the combination of strong industry support for Calabria, plus the nominee’s “bravura performance” at his confirmation hearing, probably sealed the deal on a quick trip

February 28, 2019 - IMFnews

Short Takes: A Mega Servicing Deal Approaching? / ‘Goldilocks’ Pricing / The Ditech Portfolio? / Fannie & Freddie Common Take a Rest / FHFA’s Final UMBS Rule / Bell Bank Opens AZ Branch, Mortgages on the Menu

The share price of Fannie Mae and Freddie Mac common has been on a mild downward slope since Feb. 22. Meaning?

February 27, 2019 - IMFnews

Short Takes: HomeBridge Eyes HomeStreet’s Mortgage Network / As for the Mortgage Servicing Portfolio… / Figuring Out the Calabria Vote / A Rally for Ocwen / A Red Hot MSR Market / A Glum Assessment on Mortgages from Joe Garrett & Co.

Ocwen's share price took off like a rocket Wednesday morning...

February 27, 2019 - IMFnews

Pershing Square’s GSE ‘Lottery Ticket’ Riding High

Company documents available on Pershing Square’s website show that as recently as mid-November, Fannie and Freddie were in the “detractor” column…

February 27, 2019 - IMFnews

SFIG Speakers Expect Administrative Reform of the GSEs. Capital Build? Yes

Michael Stegman: “Clearly, there is going to be some kind of capitalization of the GSEs..."

February 26, 2019 - IMFnews

Short Takes: How Fast for Calabria? Very Fast / It Pays to Have a Godfather / What About a ‘Hold’? / Record Attendance at SFIG Vegas / Mixed Opinions on Expanded-Credit

Now for the big question: Will any Democratic senators put a hold on the Calabria nomination?

February 26, 2019 - IMFnews

Calabria Nomination to Head FHFA Clears Senate Banking Committee

It was a party-line vote. Not one Democrat voted for the nominee...

February 26, 2019 - IMFnews

SFIG Chief Michael Bright Shrugs Off GSE Reform Talk

Former Ginnie Mae chief Michael Bright: “These decisions have not been made..."

February 25, 2019 - IMFnews

Short Takes: Kushner Getting Cushy with Fannie and Freddie? / Working with Lenders, Not Property Owners / Prepayments Fall to 18-Year Low / More Funding for

A Freddie spokesman confirmed to us what we’ve always assumed: “We are not a primary lender.”

February 25, 2019 - IMFnews

NAR Dissects GSE Reform Proposals, Has a Few Ideas of its Own

NAR makes a persuasive case that Fannie and Freddie should be restructured as strictly regulated, shareholder-owned utilities…

February 25, 2019 - IMFnews

Buybacks of Fannie/Freddie Loans Fell to a Record Low Last Year

Total lender buybacks fell 14.4% last year…

February 25, 2019 - IMFnews

GSEs’ Single Security on Track for Implementation June 3. Otting Supports it 100%

FHFA’s Mary Ellen Taylor noted the project aims to increase liquidity in the to-be announced MBS market and is not an effort to combine Fannie and Freddie into one entity.

February 22, 2019 - IMFnews

What We’re Hearing: Franklin Raines’ Dream / / The Hype Behind Digital Mortgages and Cost Savings / Replacing Moderately Paid Workers with Expensive Programmers / Calabria a Lock? / NAR's GSE Ideas

And here’s another farce: Once the system is built, maintaining it will be cheap (because regulations and products never change)…

February 22, 2019 - IMFnews

Banks Stock Up on Fannie/Freddie MBS as 2018 Ends

The biggest increase in held-to-maturity and available-for-sale accounts was in agency pass-through securities…

February 21, 2019 - IMFnews

Alter the Fannie/Freddie Dividend Payment: Yes or No?

If the dividend payment is altered, look for GSE stocks to rally even more…

February 21, 2019 - IMFnews

Non-Agency Pricing for GSE-Eligible Loans in Flux

Doyle noted it was the first time in a while that GSE-eligible loans put out for bid to non-agency investors failed to trade.

February 19, 2019 - IMFnews

FHFA IG: Director Watt Violated Ethics Rules, White House Had Report in Late November but Didn’t Act

To date, Watt has denied legal wrongdoing…

February 15, 2019 - IMFnews

FHFA IG Report: Director Watt Violated Ethics Rules. Trump Had Report in Late November but Didn’t Act

The report, dated Nov. 29, 2018, was posted to the IG’s website Friday, Feb. 15.

February 15, 2019 - IMFnews

What We’re Hearing: Calabria, a Sure Bet? / Warm Thoughts About Fannie-Freddie Loan Limits / Retaining More Capital / Congress? / Conservatorship Purgatory / Looks Like Radian is in Play / A Sale Dragging On and On and On: Genworth / Industry Vet Rudy Orman Lands

On the doorstep: The recap and release of Fannie and Freddie?

February 15, 2019 - IMFnews

Mortgage Securitization Rates Steady in 2018, Non-Agency Rising

The Ginnie securitization rate hit 100.2%, but timing issues were involved…

February 14, 2019 - IMFnews

Short Takes: Leaving Behind His Personal Views Regarding Fannie and Freddie / Reporting Results on the Very Same Day, a Rarity / If Only They Could’ve Kept Their Earnings / CHLA Backs Calabria

Fannie and Freddie rarely report quarterly results on the same day, but they did so this morning...


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