Fewer refinancings mean Fannie Mae’s and Freddie Mac’s amortization incomes from prepayments are in decline. (Includes data chart.)

Market forces and regulatory issues outside the control of Fannie and Freddie may make it difficult for them to achieve the proposed affordable housing benchmarks.

UMMC argues that the GSEs’ three-year duty-to-serve plans are wholly inadequate to address the current affordable housing crisis.

Successive OIG reports have found chronic deficiencies in FHFA’s internal controls and in its supervision of the GSEs. The latest report is more of the same.

A new standardized structure for capital and risk-management disclosures will make it easier to compare Fannie and Freddie to one another and to other large financial institutions.

Fannie issues its first CAS deal in nearly a year and a half, following a decision by FHFA Acting Director Sandra Thompson to double the capital relief available for CRT transactions.

Housing stakeholders liked FHFA’s plan to require Fannie and Freddie to develop equitable housing finance plans, but they also recommended changes.

The enterprise will use limited powers of attorney to handle unrecorded assignments for non-MERS loans.

Expanding the definition of affordability to include more loans in cost-burdened markets could be an important opportunity for multifamily lenders.

One case, long thought dead, is revived; a completely new case is born. Still, the legal chances don’t look good.