Legal argument: If the FHFA is unconstitutional, then the net worth profit sweep must be…

Meanwhile, Fannie Mae and Freddie Mac accounted for 82.5 percent of all multifamily loans securitized in the first half…

But the bailout calculations – mandated under the Dodd-Frank Act Stress Tests – were not done by the FHFA.

At June 30, Redwood held $5.5 billion of residential loans on its books, up 40.6 percent from a year ago.

Second-ranked JPMorgan Chase had a similarly disappointing quarter.

Earlier this year, Treasury Secretary Steven Mnuchin told the Senate Banking Committee he has the authority to restructure Fannie and Freddie without any change in law.

Starwood is now directly sourcing loans from Impac and hasn’t tapped any other originators.

In 2Q18, there was a huge increase in bulk Fannie MSR transfers…

As the financial markets begin transitioning from the London Interbank Offered Rate, which is set to go away in 2021, Fannie Mae became a pioneer in a replacement index by issuing Secured Overnight Financing Rate (SOFR) securities. The government-sponsored enterprise announced that the three-tranche $6 billion SOFR debt transaction was created to accelerate the development of the SOFR market. And Fannie encourages other issuers in debt markets to follow. The inaugural transaction garnered strong investor demand for the floating rate notes from a diverse investor base, according to Fannie.

No wonder why Fannie and Freddie topped Business Insider’s list of the most profitable companies per employee…