There was no mention of Freddie Mac’s CEO, Don Layton.

Second-ranked JPMorgan Chase had a similarly disappointing quarter.

At the end of July, Citadel serviced $1.75 billion of non-QMs…

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

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

Wells Fargo’s agency servicing volume dropped by $9.4 billion…

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.

The Treasury report acknowledges concerns from the appraisal industry but touts the benefits of using the waivers…

As of Monday morning, none of the parties involved – FHFA, the FHFA IG, and the Council – were commenting to IMFnews. Nor were they denying the existence of an investigation.

July is usually a good month for agency MBS issuance when the housing market is strong. In 2018, the fundamentals just weren’t there. Fannie Mae, Freddie Mac and Ginnie Mae guaranteed $101.39 billion of new single-family MBS last month, a disappointing 0.6 percent lower than in June. Purchase mortgages accounted for a substantial 74.4 percent of July issuance, although volume was up just 3.2 percent from June. The housing market ... [Includes two data charts]