The proposed rule would require the GSEs to write living wills that include no government support. However, their PSPA with Treasury includes letters of credit with an outstanding balance of $254 billion.

When the FHFA appointed two new independent directors to the CSS board in January, it changed the balance of power in its favor.

Even though proposed state capital requirements and other standards are deeply unpopular among nonbank mortgage servicers, the CSBS said it will move ahead with its plans.

State regulators in 2021 plan to establish a streamlined examination process for nonbanks, as well as string together standards for servicers.

The co-inventor of the MBS says Fannie and Freddie should be regulated as utilities to improve their affordable housing and racial equity activities. He recommends Treasury use its equity to fund joint venture.

Treasury yields continue to rise. Will mortgage rates follow? Meanwhile, Fannie and Freddie lament the competition for top talent.

With Wells Fargo being less aggressive these days, mortgage competitors feel emboldened to make offers to its best and brightest. A temporary situation?

Industry insiders speculate on how the Biden administration might alter the recently amended preferred stock purchase agreement.

Democrats on the Senate Banking Committee are putting pressure on FHFA to answer whether the GSEs’ NPL sales impact homeowners’ access to foreclosure and forbearance protections under the CARES Act.

Deferred Action for Childhood Arrivals participants are eligible for government-insured loans, Joe Biden’s FHA declared.