While the SCOTUS is still to decide on the CFPB’s fate, the Fifth Circuit Court of Appeals ruled the bureau is constitutional. FHFA implications.

Treasury and FHFA say it is still “premature to comment on specific capital levels” necessary to release the GSEs from conservatorship.

REITs have long sought access to the FHLB system — particularly to the low rates at the advance window. The recent Treasury recommendation may finally give those aspirations new hope.

Although the non-QM portion of the non-agency market accounted for less than $10 billion in 2018, it could absorb more than $50 billion in former patch loans if it continues its current annual growth rate.

On the issue of FHFA’s constitutionality, the court ruled for the plaintiffs. But rather than invalidate the net worth sweep, the court struck the “for-cause” provision from HERA.

The issues have been argued over so long, and the views of key players are so well known, that the plan itself couldn’t help but disappoint.

In one of the last subprime cases, a New York district court stayed an appeal by FHFA to exclude Freddie from a class action settlement.

Rep. Maxine Waters, the first woman and first African-American to chair the House Financial Services Committee, comes to power in a particularly partisan climate. The Democrat from California officially took the gavel on Jan. 3, when the 116th Congress convened.