Fannie Mae and Freddie Mac this week reported a combined $63.3 billion in net income during the first quarter of 2013, which represents a huge dividend to taxpayers on the total $189.4 billion capital infusion they received since going into conservatorship. Together, the two government-sponsored enterprises will have paid $131.6 billion to the Treasury by the end of the second quarter, when the government “sweep” of excess net worth takes place. Under the terms of their bailout, the GSEs never pay down their Treasury draws, regardless of how much they pay in preferred stock dividends or net-worth sweeps. But Fannie and Freddie are...

A company affiliated with MBS co-inventor Lewis Ranieri is moving closer to issuing a security backed by "prime-quality" non-agency loans.

Freddie Mac has been profitable for six quarters but needs to show positive earnings for six more before it can recapture its deferred tax asset.

A $750 million offering of nonperforming mortgages is expected to go down this week. Meanwhile, NAFCU is mad at FHFA over the QM rule.

Roughly 75 percent of bank loan officers cited put-back risk by Fannie Mae and Freddie Mac as an important factor limiting their current ability or willingness to approve home-purchase loans.

Two Ohio pension funds that owned stock in Fannie Mae sued the GSE in 2004 related to a $6.3 billion overstatement of earnings.

The GSE "common securitization platform" is under construction and already potential add-ons are being discussed, including a loan acquisition module.

The Federal Housing Finance Agency plans to survey residential borrowers about how they were treated by lenders.

The market for securities backed by servicer advances is red hot, but S&P says investors face risks.

The mortgage industry wants lower Fannie Mae/Freddie Mac/FHA loan limits. But will it happen?