Wells Fargo and Chase together accounted for more than half of all borrowers exiting forbearance in July, Wells Fargo Securities found in its deep dive into new, loan-level data on Fannie Mae’s Connecticut Avenue Securities.

An economist finds that, when community banks gain access to FHLB advances, competition in local markets increases significantly, with mortgage rates in the market falling by an average of 8 bps.

The loans were divided among four pools. Three were sold to VRMTG ACQ, a minority- and woman-owned business.

Freddie prices its first sustainability K-deal, a $535 million transaction.

A federal prosecutor in Georgia has charged 12 individuals in connection with a multiyear scheme to defraud Fannie Mae and Freddie Mac.

Freddie told homeowners that, in addition to the traditional disaster relief options provided by the GSEs, they may be eligible for relief through COVID-related forbearance programs.

The council said any distress that affects the secondary mortgage market activities of the GSEs “could pose a risk to financial stability if those risks are not properly mitigated.”

When questioned about the steep fee the GSEs charge to buy early forbear-ance loans, the FHFA director turned the tables on the lawmakers: Why didn’t Congress pay for it in the CARES Act?

Wells Fargo Securities predicts the delinquency rate for high quality Fannie collateral — mortgages with loan-to-value ratios between 60% and 97% — will reach 4.3% in October.

FHFA officers told the inspector general that they believed performing some of the required security assessments “was an inefficient use of agency resources.”