Cowen believes Mnuchin will survive the turbulence but notes the situation still poses a risk to Fannie Mae, Freddie Mac and the big banks…

According to a statement issued by Ocwen, while at Fannie Yanoti was responsible for developing the common securitization platform.

The implication is that banks – which seems to have excess capacity on their balance sheets – could simply hold conventional loans in portfolio…

A huge chunk of the fall-off in Fannie/Freddie MBS holdings occurred at Wells Fargo, which reduced its investment in these securities by $7.31 billion.

Making sure the MBS issued by the two GSEs perform identically, within narrow limits, is key to convincing traders…

In six weeks, Mel Watt will officially step down as director of the Federal Housing Finance Agency, a change that is ripe with ramifications for the secondary mortgage market, including speculation regarding lower loan limits for Fannie Mae and Freddie Mac.

Fannie Mae’s and Freddie Mac’s loan-loss reserves could be substantially impacted by a new accounting standard that requires companies to immediately book potential losses.

Single-family mortgage business slowed predictably at Fannie Mae and Freddie Mac last month, although there was surprising resilience in the refinance market. [Includes two data charts.]

New requirements from Ginnie Mae addressing counterparty risk management by issuers could wind up making the agency’s approval more valuable, while requiring more transparency about their financing of mortgage servicing rights.

Servicers working with distressed borrowers now have fewer loan modification options due to higher mortgage interest rates.