The Federal Housing Finance Agency, Fannie Mae and Freddie Mac are questioning the logic behind a recent federal court ruling that appears to give investors in the government-sponsored enterprises’ stock a glimmer of hope in their legal battles with the federal government.
Nonbanks continued to gain ground in the GSE servicing market during the third quarter of 2018 as a number of mid-size firms posted big gains in their portfolios. [Includes two data charts.]
The leadership of both Fannie Mae and Freddie Mac is in transition. Fannie last week named Hugh Frater as interim CEO following the departure of Tim Mayopoulos.
During a discussion with Inside The GSEs, Freddie Mac CEO Donald Layton said the credit-risk transfer program is one of the company’s greatest accomplishments.
The Inspector General of the Federal Housing Finance Agency issued another report criticizing the regulator’s oversight of the GSEs and the Federal Home Loan Banks.