Marzol described the capital rule, which was finalized in November, as “a key milestone on the path to responsibly ending the conservatorships.”

Among the top five agency MBS issuers for the 30-day period, just one was a depository: Wells Fargo at number three.

But the stratagem comes with costs. According to FHFA estimates, Fannie and Freddie will face between $1.1 billion and $1.7 billion in additional charges due to the extension. That’s on top of the estimated $6 billion the two have already incurred.

Ginnie Mae single-family MBS issuance fell slightly from October but remained at near record levels. All told, the three agencies pumped out nearly $355 billion last month, a 5% gain from October.

The FHFA's capital requirements for the GSEs don't exactly favor CRT transactions but the Biden administration is expected to encourage the deals.

Time to start planning for the 13th anniversary of the Fannie/Freddie conservatorships...

MBA's Mike Fratantoni: “For the second week in a row, the share of loans in forbearance has increased, driven by a rise in new forbearance requests..."

The trade groups argue that the GSEs are key providers of liquidity to the housing market, especially in these troubled times and any mistakes will damage the nation’s mortgage finance system.

In these high-cost areas, the maximum GSE loan limit bumps up to 150% of the base limit, or $822,375.

Michael Bright: “SFA reiterates our support for the ultimate goal of releasing the GSEs from conservatorship and to increase the role of private capital in our nation’s housing finance system in a responsible manner"...