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

Treasury: Mnuchin never claimed Fannie, Freddie profits specifically funded Obamacare

It's not what he meant
In an interview last week with FOX Business Network’s Maria Bartiromo, Treasury Secretary Steven Mnuchin mentioned that profits of Fannie Mae and Freddie Mac may be used to fund non-housing Federal programs. This lead some to [wrongly] assume he meant specifically funding Obamacare. He didn't. This is what he really meant.
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Freddie Mac CEO: 0% capital buffer does not factor into daily operations

Capital is a measure of risk, so Freddie Mac is going to be just fine
Freddie Mac CEO Donald Layton told HousingWire on Tuesday that he is perfectly comfortable with allowing some Federal Housing Finance Agency executives to express concerns with the government-sponsored enterprise's 0% capital buffer requirements; but it is an emotional response he does not share. And this is the reason why.
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Monday Morning Cup of Coffee: S&P economist dissects Trump's first 100 days

What's the big deal about Lone Star's latest bond offering?
So what’s the big deal about this weekend being the 100th day in office for President Donald Trump? An S&P economist breaks down the outlook for GDP. Also, coverage kicks off at MBA Secondary. Find out who from HousingWire will be there. Finally, what's the significance of the latest mortgage bond? Click to find out.
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Here's what will happen in housing and mortgages regardless of what Trump does next

This HousingWire webinar will give us a reality check
Trump news is everywhere. Most of it is speculation as to what he will do next, and what it will mean for the mortgage and housing markets. But, here's how to find out what will happen in the housing and mortgage markets regardless of what Trump does. Hurry, sign up now! Today's the day for this FREE webinar!
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What kind of monster would leave THIS behind in a foreclosure?

This is a living thing, people!
At the height of the foreclosure crisis, HousingWire regularly ran ads from a nonprofit called No Paws Left Behind. The charity worked hard to find no-kill shelters for the droves of innocent cats and dogs abandoned when their owners fled the property. While we've lost contact through the years, and the fallout from housing bust began to ameliorate to some extent, it comes with some sadness to learn the act of abandoning pets is still happening.
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How much money should you have in savings before becoming a mortgage broker?

Mortgage brokers can make a killing, but it takes some time
While the industry is slow to adopt sexier elements, such as tech advancements and digital processing, there is one way to lure great talent — tell them how much money they can make if they work hard. Yet, it takes time before those first paychecks start to roll in. But how long? And how much money should you have in savings before becoming a mortgage broker?
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FDIC unveils Dodd-Frank alternative for "better" bank regulation

Reducing risk to taxpayers named as one motivation
Speaking at the Institute of International Bankers Annual Washington Conference, FDIC Vice Chairman Thomas Hoenig said that while Dodd-Frank is well intended, the regulations are too burdensome for all banks, "especially smaller banks." So here's what the FDIC wants to do, instead.
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Monday Morning Cup of Coffee: Trump targets CFPB funding for greater control

Is his election slowing down affordable housing? California thinks so
President Donald Trump's budget proposal reportedly includes a big change for the CFPB. We have the details for you. Plus, will the Fed raise rates in March? Here's one way to get a clue. Also, did the Oscars get its first HUD joke? Twitter thinks so. And Trump's election appears to be costing California some much-needed affordable housing.
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Guess who just joined the HousingWire free Appraisal webinar?

Hint: He works with the largest mortgage finance entity in the nation
HousingWire is hosting a free webinar next week on the state of the appraisal industry in 2017. We are already getting flooded with questions and, lucky for all of us, Zach Dawson, the director of collateral strategy at Fannie Mae, will join us. Here's how to sign up!
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