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"...

Klain was a registered Fannie Mae lobbyist from 2002 to 2005...

Meanwhile, over at Fannie Mae, repurchases fell 19.7% to just $12.7 million.

Sens. Warner and Rounds both serve on the Senate Banking Committee. Virginia, Warner's legislative turf, is home to Freddie Mac.