Back in July 2017, Fannie revised its automated underwriting system to accept loans with DTI ratios over 45 percent without lenders having to show other compensating factors…

In the 2017 annual report, Pershing Square lists Fannie and Freddie common among its “losers…”

In early 2018 both GSEs were under orders from the Federal Housing Finance Agency to set g-fees that meet a “minimum return on equity…”

Watt’s term expires in early 2019. President Trump is not expected to nominate him to another term. Then again...

Fannie Mae and Freddie Mac cleared another hurdle in their efforts to expand the investor base for their mainstay credit-risk transfer programs when a leading Wall Street group said it saw no problems with a plan to structure future CRT issues as real estate mortgage investment conduits.

The inspector general of the Federal Housing Finance Agency voiced concerns about the agency’s supervision of Fannie Mae and Freddie Mac, while lawmakers questioned why new products like the Integrated Mortgage Insurance (IMAGIN) credit risk-transfer program were implemented without going through the proper channels.

Fannie Mae and Freddie Mac had wildly different experiences in the first quarter of 2018, a period when both firms saw declining single-family business volume. But Freddie’s production of single-family mortgage-backed securities plummeted 29.2 percent from the fourth quarter of 2017, while Fannie’s 5.7 percent decline was roughly one fifth as severe. Those cross-currents upended the playing field, giving Fannie a hefty ... [Includes two data charts.]

The Federal Housing Finance Agency’s supervision and guidance of the GSEs lacks the rigor shown by other federal financial regulators, according to the FHFA’s inspector general, Laura Wertheimer. She testified during a House Financial Services subcommittee hearing this week focusing on the oversight of Fannie Mae and Freddie Mac. Throughout the hearing, Wertheimer and lawmakers pointed to a number of supervisory concerns and questioned the FHFA’s standards when it comes to monitoring the mortgage giants. “The flexible and less prescriptive nature of many FHFA standards and much of its guidance has resulted in inconsistent supervisory practices,” she said.

Fannie Mae’s new headquarters in downtown Washington, DC, continues to be a bone of contention for some, but the GSE said the project is on schedule and expects it to be completed by November 2018. So far, about 20 percent of Fannie’s Washington workforce has relocated and more are planned as additional floors are finished. During a House Financial Services Oversight and Investigations subcommittee hearing this week, lawmakers inquired about the building’s costs. Federal Housing Finance Agency Inspector General Laura Wertheimer criticized the regulator’s monitoring of the build outs. Wertheimer said the initial investigation of the headquarters stemmed from a...

The latest update on the single security may signify the next step in GSE reform, according to analysts with Wells Fargo Securities. In late March, the Federal Housing Finance Agency announced that the uniform mortgage-backed security collateralized by Fannie Mae and Freddie Mac loans will launch on June 3, 2019. The framework for housing-finance reform has evolved over time to building on the successful elements of the current market instead of disrupting it, said analysts Vipul Jain, Anish Lohokare and Randy Ahlgren. They noted that the single security seems to be leading toward a single MBS label with catastrophic insurance underwritten explicitly by the government.