The Fannie Mae portion of the MSR sale is expected to close sometime in the third quarter.

Fairholme is scheduled to talk about its investment in Fannie Mae and Freddie Mac...

Deal agent compensation likely would include additional fees for less common, more intensive work…

CFPB Director Cordray has responded with a detailed account that differs with the committee staff report in a number of ways...

There will likely be more buyback demands on the 2015 book of business in the future, but the total may not ever get to even 0.1 percent of issuance.

Counterparty risk appears to be on the mind of the FHFA…

Treasury Rumored to Appoint Fannie Counsel as Deputy. Brian Brooks, Fannie Mae’s general counsel and former colleague of Treasury Secretary Steve Mnuchin, is reportedly being tapped as deputy secretary of the Treasury Department, according to Axios. The Trump administration has not confirmed the appointment. Brooks worked with Mnuchin at OneWest Bank. Freddie Mac Prices First Tax-Exempt ML Certificates Offering. Freddie Mac expanded its support for affordable housing with a new series of credit-risk transfer securities backed by Tax-Exempt Loans (TELs) made by state or local housing agencies and secured by affordable rental housing. The company recently priced approximately...

A new lawsuit arguing the merits of the Treasury net worth sweep was filed in Michigan, while other cases continue to hang in the balance in various phases of discovery. Michael Rop, Stewart Knoepp and Alvin Wilson v. the Federal Housing Finance Agency was filed this month by three shareholders who want the court to vacate the third amendment to the preferred stock purchase agreement and declare the structure of the Federal Housing Finance Agency unconstitutional.According to court documents, the trio is looking to challenge “both past and ongoing abuses of power by a federal agency that operates wholly outside of the system of limited and divided government established by the constitution.”

In its ongoing oversight of the Federal Housing Finance Agency since 2010, the FHFA Office of Inspector General has made more than 350 recommendations to the agency to improve efficiency and reduce waste and abuse.The FHFA OIG published a list of the open recommendations that it has suggested to the FHFA through June 1. The topics range from the need for better oversight of the Fannie Mae headquarters to issues surrounding the supervision and accreditation of examiners. All but one of the matters requiring attention (MRAs) centered on responsibilities delegated to the FHFA since conservatorship.

Bank and thrift members of the Federal Home Loan Bank system had outstanding advances of $522.5 billion at March 31, a quarterly decrease of 7.2 percent, according to an analysis by Inside The GSEs.But the year-over-year numbers are still up, with the first quarter of 2017 8.6 percent higher than the $481.2 billion reported in the first quarter of 2016. In fact, the $563.3 billion reported at the end of the fourth quarter represented the largest volume of advances for the whole year.JPMorgan Chase continues to lead among borrowers with $74.3 billion in advances, down 6.5 percent from the previous quarter.