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.

During 1Q18, issuance of MBS backed by seasoned loans fell 50.8 percent…

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.

NRZ Mortgage Holdings and Towd Point are the winning bidders of Fannie Mae’s sixth reperforming loan transaction and first for 2018. The GSE announced the winners this week.The loans were divided into two pools. NRZ, a subsidiary of Fortress and the nation’s fifth largest residential servicer according to numbers from Inside Mortgage Finance, won the first pool. It consisted of 3,015 loans with a UPB of $686 million and average loan size of $226,659. NRZ’s investment estimate is between $200 to $250 million, according to an analysis by Keefe, Bruyette and Woods analyst George Bose.

SG Capital Partners focuses on loans with higher balances than other nonprime MBS aggregators.

On the plus side, Wedbush sees mortgage servicers and home builders benefitting…

Wertheimer testified that during her tenure, the FHFA-OIG has issued 85 reports and made 117 recommendations to address supervisory shortcomings.

Pershing Square Holdings, one of the largest speculators in Fannie Mae and Freddie Mac common stock, is doubling down on its investment in the two government-sponsored enterprises by taking a different tack: Instead of increasing its positions in the common, it’s been buying up the junior preferred as well.

The agency issued $92.58 billion in MBS backed by forward mortgages during the first three months of 2018.

According to the consulting firm of Garrett, McAuley & Co., some mortgage loan officers at depositories earn at least four-times what their CEOs make...