Prior to being placed into conservatorship in the fall of 2008, it was common for Fannie Mae and Freddie Mac to offer guarantee fee discounts to their largest customers, a situation that put smaller lenders at a disadvantage.

On the revenue front, Fannie took in $5.63 billion during the quarter compared to $5.39 billion in 2Q19. The company booked hedging losses of $713 million during the period, down 5.4% sequentially.

Happy Holidays from the FHFA: Certain Fannie Mae executives will see a reduction in "deferred" compensation...

MP Thrift, which is controlled by MatlinPatterson, completed a slightly larger sale of Flagstar’s shares last year...

It was the second quarter in a row that Freddie Mac was allowed to keep all of the money it earned as opposed to upstreaming retained capital in excess of $3.0 billion to the U.S. Treasury, the owner of its senior preferred shares.

Citadel has not securitized non-QM loans, opting instead for whole loan sales. But with a new owner, all that could change...

The senators argue that the failure to gather market-wide information will result in disparate treatment of borrowers and lead to data quality issues.

The majority of expanded-credit MBS this year has been filled with Alt A loans that tend to have higher credit scores and are underwritten with alternative documentation.

Meanwhile, new agency MBS creation remained strong in September at $160.2 billion…

In a TV interview, HUD Secretary Ben Carson noted: “We love the non-depository lenders but we want to normalize the market.”