A new report allays concerns that a recent request for input from the regulator regarding pooling practices was an indication that something was amiss.

The NPL sold by the enterprises had an average delinquency of three years and a loan-to-value ratio of 92%. Fannie accounted for 78,281, or two-thirds, of these sales between Jan. 1 and June 30.

The key factor for TBA investors is prepayment speeds. A quick scan of the FHFA data show that the conditional prepayment rates for UMBS issued by Fannie and those issued by Freddie have remained comparable since the launch of the single security in June.

The nation's GSE regulator meets the Federalist Society: “What we’ve been able to do in the eight months that I’ve been here is cut the percentage of business that has multiple risk factors in half."

Part of the problem is that the current proposed rule was a product of the previous director and much has changed since the rulemaking began a year ago.

The increase reflects a 5.38% surge in the price of the average home from the third quarter of 2018 to the third quarter of 2019, as calculated in FHFA’s House Price Index.

Agency Director Mark Calabria is hiring like-minded executives from the conservative institutions of his past.

The decision, hinted at in numerous (recent) press briefings by FHFA Director Mark Calabria, is not expected delay to companies’ exit from conservatorship.