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Like all large financial institutions, the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are required by the Dodd-Frank Act to submit to periodic stress tests. These tests, known as DFASTs, are designed to determine whether companies have the capital necessary to absorb losses when they encounter adverse economic conditions. The GSEs are subject to the tests because they meet the criteria of being regulated by a primary federal financial regulator, in this case the Federal Housing Finance Agency (FHFA) and have consolidated assets exceeding more than $10 million. FHFA has just released results of the fourth implementation of DFASTs for the GSEs. The Severely Adverse scenario was identical for both GSEs. It sets forth a situation where there is a severe global recession
Housing News
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Like all large financial institutions, the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are required by the Dodd-Frank Act to submit to periodic stress tests. These tests, known as DFASTs, are designed to determine whether compa... (read more)
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Housing News
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Consumer attitudes toward buying and selling a home turned negative in July. Fannie Mae's National Housing Survey conducted during the month found fewer overall consumers thinking it was a good time to complete either type of transaction. In June, wh... (read more)
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Rob Chrisman
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Production folks should know that Senators announced the introduction of S. 1753 , the SAFE Transitional Licensing Act, which would amend the SAFE Mortgage Licensing Act of 2008 to provide a temporary license for loan originators transitioning betwee... (read more)
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MBS Commentary
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The extent to which inflation-related metrics have come into focus is uncanny relative to just how unimportant they'd been to markets for most of the past 7 years. After late 2010 failed to materialize as the scary hyperinflation monster fear... (read more)
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Mortgage Rate Watch
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Mortgage rates were generally unchanged today, compared to Friday afternoon's latest levels. Only a handful of lenders responded to strength in bond markets this afternoon by offering rate sheet improvements. That's a mixed blessing as it leaves othe... (read more)
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MBS Commentary
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Bond markets began the week in underwhelming fashion, with both MBS and Treasuries ending the day very close to unchanged compared to Friday's latest levels. Movement was in the right direction (both were slightly stronger ), but not at first.... (read more)
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consumerfinancemonitor.com
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