The “alternative methods for documenting income” for self-employed borrowers includes the use of unaudited income statements. But borrowers will now have to provide three months of bank statements instead of the traditional two.

Justice Stephen Breyer raised eyebrows by characterizing the net worth sweep as a nationalization of the enterprises. “That’s what they did,” he said. “If you look at their giving the net worth to Treasury, it’s nationalizing the company.”

Fannie suspended CRT issuance earlier this year when the FHFA proposed new capital requirements for the GSEs. Freddie, though, stayed in...

The FHA/VA market was more subdued, with total conforming-jumbo loans pooled in Ginnie MBS rising 16.7%. The VA program accounted for 83.0% of government-insured jumbo volume, with quarterly securitization up 17.7%.

According to Moody’s, prior to the securitization, loanDepot had sponsored five warehouse deals totaling $1.8 billion...

The decline in first-time buyer share was due in part to a failure of the government-insured sector to keep pace with the conventional market.

More liquid is better than less liquid, especially during a refi bonanza...

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.