Fannie Prices $1.2B CAS Deal. Fannie priced its seventh credit risk-sharing transaction of 2017 under its Connecticut Avenue Securities program. CAS Series 2017-C07, a $1.161 billion note offering, is scheduled to settle on Nov. 21, 2017, and is the final deal of the year. It was met with strong investor demand, including new investors, according to Laurel Davis, Fannie’s vice president of credit risk transfer. “Investors continue to provide us with positive feedback on the transparency we provide as part of our CAS program, including our response to recent hurricane events and the information we make available in Data Dynamics, our analytical tool for investors. We expect to continue regular benchmark issuance of CAS notes in 2018, subject as always to market conditions.”

Fannie Mae is considering a pilot program to help consumers more easily get construction loans. While the program is just in the early stages of consideration, the government-sponsored enterprise sees the program as a way to increase affordable housing options for homebuyers.

Freddie said it plans to close its first investment in January 2018.

A major changing of the guard is now afoot in the mortgage industry...

If substantial tax reform is enacted, it would likely lead to rising expectations about growth and inflation, leading to a selloff in rates…

Roughly $269 billion of conventional-conforming loans were originated from July through September, according to Inside Mortgage Finance...

MBS-investing REITs boosted their holdings by 10.1 percent on a sequential basis…

Republicans are reportedly on board with the federal MBS guarantee but reluctant to backstop future guarantor entities…

However, a source familiar with the matter stressed that the GSE is merely considering a construction-to-perm product and nothing more.

KBW estimates that if the corporate tax rate falls, Fannie and Freddie, combined, would have to fork over to Treasury an estimated $13 billion to $19 billion…