October 4, 2019By Dennis HollierIs This the End of the Net Worth Sweep? Not QuiteFannie and Freddie will be able to retain all their second-quarter profits, rather than forward them to Treasury. Combined, the GSEs will add $5.2 billion to their net worth this month.
October 4, 2019By Dennis HollierGSE Shareholders Appeal ‘Win’ to Supreme CourtThe shareholders want the SCOTUS to reverse the sweep. They argue that if the FHFA is unconstitutional, then all of its actions were illegal.
October 4, 2019By Dennis HollierClimate Change Increases Credit Risk for GSEsAfter a billion-dollar event, lenders are significantly more likely to increase the share of mortgages they securitize.