Fannie Mae and Freddie Mac generated a combined $6.96 billion in net income during the second quarter of 2018, down from $7.19 billion in the first three months of the year. While Fannie posted a solid 4.6 percent quarterly increase, hitting $4.46 billion in the most recent period, Freddie’s net income was down 14.5 percent from the first quarter. At the midway point in 2018, both government-sponsored enterprises were way ahead of where they were in the first six months of last year ...

There are dozens of residential lenders that use the phrase “fintech” to describe their activities, but whether they will file to become a depository is a different matter.

Fairholme: “Fund performance was disappointing in the first half mostly due to the decline in the preferred shares of Fannie Mae and Freddie Mac…”

The report makes more than 80 recommendations related to fintech and nonbank financial policy.

Roughly 59.8 percent of the reviewed loans were initially deemed unacceptable.

SG’s Justin Mahoney estimated that lenders participating in the panel were backed by $10 billion of capital aimed at expanded-credit products…

A prediction: “Watch for an end to the GSE conservatorships under a Republican Director at the FHFA...

CEO Don Layton: "...we are generating a consistent stream of new innovations for our customers."

The participation of banks other than Chase and First Republic marks a significant shift in the prime non-agency MBS market.

HUD has been trying unsuccessfully to obtain authority from Congress to charge a similar fee to modernize its aging information technology systems…