Fannie & Freddie can’t catch a break. Here’s what OIG audits revealed about expenses and underwriting practices.
Author Archive
30yr Fixed Market Share Drops To 2003 Levels
Here’s why the share of 30-year MBS in Fannie & Freddie fixed-rate MBS issuance has fallen to only 59%-64% in late-2011.
Mixed Economic News Makes Rate Predictions Difficult
Rates move on MBS trading, and it’s been wild.
Correlation Between 2003-07 Miami Condo Market & Today’s Treasury Market
Traders and investors, instead of buying & flipping condos, are buying and flipping long dated Treasury and Agency MBS securities.
Thornburg Execs Respond To SEC Fraud Charges
Was Thornburg a good lender who was merely subject to a short-term credit crunch? Or was there foul play?
Largest central bank balance sheets have tripled in 6 years. And so?
Will this all unwind?
Minimal MBS Impact From BofA Not Selling To Fannie Mae
Mainly because share of BofA loans among monthly issuance has declined steadily since early-2011
12 Failed Banks In 2012. Zero New Banks In 2011.
Latest stats on U.S. banking.
Who’s Carrying MBS Market (besides the Fed)?
Hint: it’s not China that’s buying all our MBS. They’ve reduced exposure.
Shift From Foreclosures to Short Sales
RealtyTrac reports on a trend toward short sales in 4Q.
