Director Mark Calabria’s decision to reverse former acting Director Joseph Otting’s reversal of a Mel Watt-era decision to defend the constitutionality of the FHFA structure catches GSE observers by surprise.

It’s only a matter of time before the Treasury Department unveils its GSE re-form blueprint to White House insiders. But which advisory firm will assist Treasury in selling a new class of Fannie/Freddie stock to the public?

Outgoing CEO Don Layton talks about the economics of credit-risk transfer, GSE reform, life after Freddie, and ending the conservatorship.

A class-action lawsuit filed last month in the Southern District of New York accusing the largest authorized dealers in Fannie Mae and Freddie Mac debt bonds of engaging in a systematic price-fixing scheme just got a little more interesting.

In October, the Federal Home Loan Bank of San Francisco reached a $3.6 million settlement with two former executives in its Washington, DC, office of legislative and regulatory affairs who claimed they were the victims of racial discrimination. There’s just one problem: Despite apparently reaching an agreement during mediation, the bank didn’t pay up.

Interim CEO Hugh Frater’s six-month odyssey at Fannie Mae just got longer last week when the board selected him to take the position permanently. His tenure became effective March 26, and he will remain on the board directors.

Fannie Mae last week announced it completed a multi-tranche credit-insurance-risk transfer transaction covering an astonishing $11.7 billion worth of multifamily loans held in portfolio.

There was a lot of kumbaya among industry experts last week during the Senate Committee on Banking, Housing, and Urban Affairs’ two days of hearings on the housing-finance reform outlined last month by panel Chairman Mike Crapo, R-ID.