Don Layton noted that administrative reform of the GSEs will inherently retain most of the structures and obligations in the GSE charters.

The turnaround in servicing profitability was driven by markups in the value of mortgage servicing rights net of hedging efforts.

Brookfield has more than $1.0 trillion in assets under management across a variety of sectors.

Rocket’s long-term issuer default rating could be downgraded due to elevated corporate leverage.

An continued implicit guarantee would be welcomed by MBS investors.

The rate of growth for non-agency MBS outstanding in 2024 was four times that of the growth in agency MBS.

“These programs have served as critical tools in expanding access to affordable homeownership, particularly for first-time and low- to moderate-income homebuyers,” NAMB said of special purpose credit programs at the GSEs.

FHFA Director Bill Pulte is posting pictures of printed memos on X to announce FHFA policy changes.

Fitch has avoided rating home equity investment securitizations as well as deals stocked with loans underwritten with less-than-full documentation.

David Brickman, the CEO of Freddie Mac from 2019 to 2021, argued that 16 years of conservatorship have increased inefficiencies at the GSEs.