Fannie Mae and Freddie Mac issued a combined $2.06 billion in credit-risk transfer debt notes during the third quarter of 2018, their lowest production level since the end of last year, according to an Inside MBS & ABS analysis. [Includes one data chart.]

The Federal Home Loan Banks may be replacing housing goals that have been in effect since 2011 with a more streamlined single goal that doesn’t set specific targets for the various categories of household income.

Close observers of the politics of housing finance generally expect the next director of the Federal Housing Finance Agency to steer Fannie Mae and Freddie Mac toward a smaller market presence without creating a huge disruption in the industry.

David Fleig of MorVest: “We have numerous active conversations with clients thinking about selling MSRs and I am sure our competitors do as well.”

First Pacific is an institutional money management firm...

Meanwhile, the group of servicers ranked sixth through 25th had a combined increase of $119.9 billion from June 30…

According to Inside Mortgage Finance, New Residential ranks fifth among all residential servicers with a $384.0 billion portfolio at Sept. 30.

Eric Kaplan of the Milken Institute: “I don’t think the non-agency market is ready to absorb the market that’s taken away from the GSEs without some significant signaling in advance.”

Freddie CEO Don Layton said the CRT deals are “amazingly efficient…”

Freddie Mac benefited to the tune of $200 million (pre-tax) by reducing the write-down on its net deferred tax asset...