August 23, 2019By Dennis HollierGSE Stress Tests Predict $18B Loss in Severe RecessionThe 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.
August 23, 2019By Dennis HollierWill CECL Cause the GSEs to Make a Draw on Treasury?Fannie warns that the loss reserves required by the new FASB standard may exceed its retained earnings in the first quarter of 2020.
August 9, 2019By Dennis HollierMajority of GSEs’ Activities May Be Outside Their Core Mission“Patch” loans, cash-out refinances, investment loans and second family homes constitute more than 50% of the dollar volume of Fannie and Freddie MBS issuance.