Maybe GSE 'recap and release' is DOA?

The U.S. House of Representatives was a relatively busy place last week, with a handful of measures related to flood insurance passing the House Financial Services Committee, and a few other, small-scale, individual mortgage reforms being introduced. Among the bills passed by the committee was H.R. 2875, the “National Flood Insurance Program Administrative Reform Act of 2017,” introduced by Rep. Nydia Velazquez, D-NY. It would make certain administrative reforms to the NFIP to increase fairness and accuracy and to protect the taxpayer from program fraud and abuse. The legislation passed on a 58-0 vote. Also favorably voted on was...

Committee Chairman Mike Crapo, R-ID, listed maintaining the TBA market and the 30-year fixed-rate mortgage among his important principles for reform…

“This is a big step for them [Movement],” said consultant David Lykken, president of Transformational Mortgage Solutions.

Under NAR's plan, a portion of GSE profits would be deposited into a liquidity fund controlled by the FHFA.

The Bureau says it understands the industry’s concerns…

The firms originating the collateral backing the MBS were not identified.

Overall, NYCB will earn, on a pre-tax basis, $90 million by exiting the residential finance sector…

-The nation’s top three ARM lenders are JPMorgan Chase, Wells Fargo and Bank of America…

Meanwhile, holders of the GSE junior preferred stock receive nothing from Fannie and Freddie in terms of dividends.