Jacob Gaffney

Jacob Gaffney

Jacob Gaffney is the Editor-in-Chief of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009. While in Europe for nearly a decade, he covered bank loans and the high yield market, in addition to commercial paper, student loan, auto and credit card space(s). At HousingWire, he began focusing his journalism on all aspects of the housing and mortgage markets.

ARTICLES

Fannie Mae CEO: G-fee pricing is in the "right zone"

No one is complaining about the free stuff, either
One of the larger shifts this quarter, although profits remain flat, is earnings from guarantee-fees now outpace portfolio investments. In other words, Fannie Mae is now making more money off of business it is doing rather than business it once did.
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Freddie Mac CEO: 4 ways to turn around the supertanker

This is how to manage $2 trillion in assets
One thing that gets little coverage is how effective Freddie Mac CEO Donald Layton managed his team, which runs $2 trillion in assets. So, it seemed appropriate to find out his formula for retaining top staff and keeping the foot soldiers motivated. Layton puts it down to 4 ways they helped turn around this “supertanker.”
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The most powerful man in banking just quit on President Trump

Daniel Tarullo resigns from Fed board
The Wall Street Journal once referred to Daniel Tarullo as "The Most Powerful Man in Banking". Come April 5, that statement will no longer apply. Tarullo submitted his resignation as a member of the Board of Governors of the Federal Reserve System, in a letter to President Donald Trump.
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S&P: Private mortgage insurance all set for another banner year

The good times won't stop there, either
Why such an upbeat outlook? Well, troubled vintages are winding down in an orderly fashion. Also, recent mortgages are comparatively high credit in terms of underlying quality. And it’s not just for 2017, as S&P predicts private mortgage insurers are set to enjoy robust earnings over the next few years. But, here's the catch.
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Why isn't Freddie Mac on board with all these rosy outlooks?

Latest housing numbers prove robust, so what gives?
Clearly, the housing market is doing just fine. Read the latest Case-Shiller. Housing pretty much recovered. And Ten-X, too. Home sales increased in January. Don’t forget Black Knight. Home prices are so close to a new peak. So why isn't Freddie Mac on board with all these rosy, housing outlooks?
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Black Knight: Home prices so close to a new national peak

Hit records in eight of the 40 largest metros
The Data & Analytics division of Black Knight Financial Services released its latest Home Price Index  report, based on November 2016 residential real estate transactions. The company finds that after rising 5.7% from the start of 2016, U.S. home prices are now within just 0.3% of a “new national peak.”
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