A 10 basis point hike in g-fees will not go over very well with the industry...

The FHFA is tweaking standards regarding minimum net worth and liquidity. The tangible net worth ratio is unchanged at 6% of total assets.

Fun fact: January’s new issuance was more than double the total produced in the first month of 2019.

The GSE regulator said its expects SOFR ARMs to be delivered in the second half of 2020...

The fourth-quarter burst of CRT issuance represented a 70.7% increase from the prior period…

Despite the slippage, Wells and JPM still rank first and second, respectively, in agency servicing…

“The next major milestone for FHFA is the re-proposal of the capital rule, which will happen in the near future,” said FHFA Director Calabria.

Nonbanks took huge strides in GSE servicing as well: Their combined portfolio rose 10.4% from 2018 to $2.009 trillion…

Among the more interesting changes: the FHFA, for the first time ever, is asking GSE customers to hold capital against the dollar amount of Ginnie Mae mortgages they service: 35 basis points.

Valentin joins the government agency from Compass Point Research and Trading Group where he served as managing director/equity research analyst.