While the SCOTUS is still to decide on the CFPB’s fate, the Fifth Circuit Court of Appeals ruled the bureau is constitutional. FHFA implications.

According to the FHFA IG, the agency is still not adequately staffed to assess the safety and soundness of Fannie and Freddie.

The industry has once again written to Congress requesting that guarantee fees be used only as originally intended: as a critical risk management tool to protect against potential mortgage credit losses.

The FHFA’s inspector general has criticized the agency’s workforce planning process, particularly in the Division of Enterprise Regulation.

If Treasury converts its senior preferred shares to commons and the GSEs go for a public offering, existing shareholders will take a haircut. Valuations on the commons could dip to $1/share for Fannie and $2 for Freddie.

Companies will have to shell out $200,000 in application fees for every credit score model they think can compete with the FICO template.

Treasury and FHFA say it is still “premature to comment on specific capital levels” necessary to release the GSEs from conservatorship.

The Federal Housing Finance Agency is seeking feedback on what financial requirements should be enforced for FHLB membership.

The Housing Trust Fund and the Capital Magnet Trust will receive $326.4 million and $175.8 million, respectively, for 2019.

In a plan that began at least as far back as 2016, the FHLBanks actively considered buying one of the government-sponsored enterprises. Even senior staff at Treasury and FHFA were involved.