In a 12-page fact sheet on the announcement, the regulator notes the final rule is “similar in key respects to the proposed rule, with certain enhancements and other changes made in response to comments.”

The estimated $822 billion of conventional-conforming lending set a quarterly record and represented 72.1% of the huge third-quarter wave of mortgage originations.

George Mangiaracina: “Without getting into specifics ... margins are 50% better in GSE than they are non-QM.”

No press release on Freddie's website regarding Brickman's resignation. Why?

Year-to-date production, $1.852 trillion as of Halloween, was up 131.5% from last year. It’s a foregone conclusion that Fannie and Freddie this month will top the current $1.912 trillion annual record for GSE MBS issuance set back in 2003.

For its part, Fannie has stayed away from new CRT issuance other than some reinsurance transactions...

Brickman took over the CEO role in July 2019. His final day will be Jan. 8.

Despite this "relief" measure, the GSE regulator has been sharply criticized by lenders because the fee is so steep: 500 basis points for first-time buyers and 700 bps for everyone else.

Quicken is an active and major player in the Ginnie Mae EBO game as well...