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There is a new post on Howard on Mortgage Finance, titled “The CRT Charade.”
In this post Tim examines what has been happening with Fannie Mae’s credit-risk transfer (CRT) securitization program since interest rates began rising in the spring of 2022, and note the conspicuous absence of any policy response by that program’s leading proponent, FHFA.
The post can be found here: howardonmortgagefinance.com
Good stuff is up now ....
Buckle in #Fanniegate Fans, today we have a classic tale of hubris vs moxie. I've said since November that we have the advantage in Lamberth 2.0 b/c we learned what worked and what didn't, and now we know Ds strategy going in and can preempt their arguments.
— FnFan (@FnFGateFan) July 27, 2023
There is a new post on Howard on Mortgage Finance, titled “Response to FHFA Pricing RFI.”
In the post Tim reproduces his submission to the FHFA website yesterday evening in response to its May 15 “Fannie Mae and Freddie Mac Single-family Mortgage Pricing Framework Request for Input,” and includes a brief introduction.
The post can be found here: howardonmortgagefinance.com
There is a new post on Howard on Mortgage Finance, titled “Response to FHFA Pricing RFI.”
In the post Tim reproduces his submission to the FHFA website yesterday evening in response to its May 15 “Fannie Mae and Freddie Mac Single-family Mortgage Pricing Framework Request for Input,” and includes a brief introduction.
The post can be found here: howardonmortgagefinance.com
One of the usual suspects speaks ...
https://www.urban.org/urban-wire/no-fannie-mae-and-freddie-mac-arent-penalizing-people-good-credit-help-people-bad-credit
There is a new post on Howard on Mortgage Finance
In the post titled “A Political Problem.”
Tim expresses, “Fannie and Freddie have neither an economic problem nor a structural problem. They have a political problem. And it will require a political solution.” He then explains what that solution should be, but does not attempt to predict how long it might take to implement it
The post can be found here: howardonmortgagefinance.com
Jersey .... prayers for you and yours stay tough ..
ride that bike and smile like you are 12 yrs old again!
this link might help ...
https://www.quantumonline.com/ParentCoSearch.cfm?tickersymbol=LEHMQ
Please try this ...
https://dm.epiq11.com/case/lbh/dockets
Is it a squeaky wheel gets greased ... or noisy monkeys get the bananas ?
Kidding of course !!!
Thank you for the heads up ... I will be joining
after 10 plus years of this crap ... the way I see it
A little bit of something is better than a whole lot of nothing !
Cheers and GLTA
There is a new post on Howard on Mortgage Finance, titled “The Economics of Reform.”
In this post Tim identifies and discusses three important changes that have taken place in the sources of funding and credit guarantees for single-family mortgages since Fannie and Freddie were put into conservatorship, which have made the system less effective and riskier. Tim then explains why the Moelis administrative reform plan would lead to a reversal of these changes, while the MBA or Milken legislative reform plans would make their effects worse.
The post can be found here: howardonmortgagefinance.com
New Bill Maloni ....
GSE Dud to National Dude???
http://malonigse.blogspot.com/
There is a new post on Howard on Mortgage Finance, titled “Risk Transfer and Reform.”
Yesterday Tim participated in a conference call for the clients of the D.C.-based investment firm Compass Point on the subject of mortgage reform and credit risk transfers. This post gives the text of his prepared remarks for that call.
The post can be found here: howardonmortgagefinance.com
New Maloni !
Hypocrisy, Hypocrisy, Hypocrisy, Hypocrisy, Hypocrisy;
DC Trades Pretend They Aren't Dancing to Bank Tunes
http://malonigse.blogspot.com/
New David Fiderer !
RNC Suggests GSE Recap & Release is a Viable Option
http://www.fidererongses.com/params/post/1298138/rnc-suggests-gse-recap--release-is-a-viable-option
David Fiderer : BlackRock document refutes Hank Paulson's story about GSE capital
http://www.fidererongses.com/params/post/1258858/blackrock-document-
There is a new post on Howard on Mortgage Finance, titled “A Pattern of Deception.”
In this post, Tim analyzes several of the documents released by Judge Sweeney early last week, and finds a clear pattern of deception in what Treasury knows and says about Fannie and Freddie privately and what it says about them publicly, extending from before the companies were put into conservatorship through the current proposals for legislative mortgage reform.
The post can be found here: howardonmortgagefinance.com
Gary Hindes :THE COVER-UP UNRAVELS.
http://gselinks.com/pdf/Fanniegate_July_25_2017.pdf
Matt Taibbi: Newly Released Documents Show Government Misled Public on Fannie/Freddie Takeover
While Russiagate rages, the bitter fight over the future of the real estate market continues
http://www.rollingstone.com/politics/features/taibbi-government-misled-public-on-fanniefreddie-takeover-w494007
Drip ... Drip ... Drip
It can only get better
Documents recently unsealed in a lawsuit against the federal government by Fannie Mae and Freddie Mac shareholders shed light on a crucial 2012 policy change by the Treasury Department.
https://www.nytimes.com/interactive/2017/07/23/business/document-policy-change-housing-rescue.html#document
GRETCHEN MORGENSON : U.S. Foresaw Better Return in Seizing Fannie and Freddie Profits
https://www.nytimes.com/2017/07/23/business/fannie-freddie-treasury-lawsuit.html?smid=tw-share
Trumpcare Vote & GSEs, a Nexus??
new Maloni up !
http://malonigse.blogspot.com/
Thanks for the insight you bring ... I do hope you give Twitter a go
And if you do you should know there are many of us standing behind you ...
if you get stuck give a shout !
New David Fiderer : Perry v. Mnuchin: A case study in disingenuity
http://www.fidererongses.com/params/post/1120535/perry-v-mnuchin-a-case-study-in-disingenuity
New Bill Maloni ...
Reviewing the Past GSE/Political Week
http://malonigse.blogspot.com/
Richard Epstein: D.C. Circuit Refuses to See Limits to Government Power and Inexcusably Upholds the Net Worth Sweep
https://www.forbes.com/sites/richardepstein/2017/03/03/d-c-circuit-refuses-to-see-limits-to-government-power-and-inexcusably-upholds-the-net-worth-sweep/#4b4a169a4167
New Tim Howard
In this post, Tim notes that last week’s decision by the U.S. Court of Appeals for the D.C. Circuit upholding the legality of the net worth sweep has pushed mortgage reform back in the administration’s policy queue, behind tax reform. Having tax reform precede mortgage reform makes it more important for Fannie and Freddie to minimize the impact of a reduction in the corporate tax rate on their deferred tax assets (DTAs). With the likelihood of the companies being able to forego their March and June sweep payments diminished by the appellate court ruling,He proposes an alternate way for Fannie and Freddie—with the help of the Mnuchin Treasury—to reduce the potential for DTA write-offs, and also boost their retained earnings.
The post can be found here: howardonmortgagefinance.com
New Bill Maloni
Reviewing the Past GSE/Political Week
http://malonigse.blogspot.com/
see something you like or don't for that matter leave Mr Maloni a comment
Either way .... I know he wants to hear from folks
https://www.blogger.com/comment.g?blogID=940142538364421402&postID=6529506220561662589
New Bill Maloni ...
Some GSE Cats and Dogs, a Little DJT
http://malonigse.blogspot.com/
welcome Beta !
Send him a note via comments on the blog I know he would love to hear from you !
Bill Maloni
All GSEs ... All the Time ...
http://malonigse.blogspot.com/
There is a new post on Howard on Mortgage Finance, titled “A One-Year Retrospective.”
In three days, Howard on Mortgage Finance will have been live for one year. In this piece Tim summarizes the first year’s inventory of posts, by category, and provide links to each for reference purposes.
The post can be found here: howardonmortgagefinance.com
New David Fiderer : Kroll Rating Agency Frames GSE Reform Around Urban Myths
Every credit analysis must grapple with two eternal questions: How do the past and present inform us about the future? And, what is the breakeven?
Kroll Bond Rating Agency all but ignored the first question in its report, “Housing Reform 2017: Can the GSEs be Privatized?" It simply failed to consider how Fannie Mae and Freddie Mac had been self-supporting for more than 35 years, right up until the day they were apprehended by the government. "KBRA reminds all concerned with the issue of housing finance reform that the GSEs failed because of a loss of confidence and market liquidity, not inadequate capital,” it says.
Full article in the link below ....
http://www.fidererongses.com/
Former Fannie Mae CFO: Trump's Treasury pick can get Fannie out of government control ‘reasonably fast’
http://finance.yahoo.com/news/former-fannie-mae-cfo-trumps-treasury-pick-can-get-fannie-out-of-government-control-reasonably-fast-180158855.html?soc_src=mail&soc_trk=ma
David Fiderer : Is the Common Securitization Platform Legal?
http://www.fidererongses.com/params/post/1061441/is-the-common-securitization-platform-legal