Since the Federal Open Market Committee ostensibly began to let them run off on June 1, SOMA’s holdings of agency MBS have increased by $20 billion.

FHFA says the new committee will provide greater transparency on policy and give shareholders more input on matters related to affordable, equitable and sustainable housing.

Ian Ouwerkerk, who began running multifamily underwriting and credit for Freddie on an interim basis in the first quarter, has been promoted permanently to the job.

Beginning in March 2023, GSE servicers will have to retain fair lending data. FHFA set the requirement, citing lessons learned during the pandemic.

Sheila Bair, who resigned as Fannie board chair earlier this year, said the GSEs are ready to exit conservatorship.

The GSEs earned a combined $20.5 billion in theoretical net income under the severely adverse economic scenario of the 2022 stress tests. But those returns would vanish if they had to reserve for deferred tax assets.

The latest Freddie tender offer attracted less interest, with investors cashing in fewer certificates than for previous offers.

The former Credit Suisse executive will replace J. Douglass Watt, who is retiring in November.

Mortgage fraud has gone beyond borrowers simply falsifying income and employment information.

The regulator of the GSEs rejiggers its leadership team, firming up supervision of its Divisions of Housing Mission and Goals and Bank Regulation.