Wells Fargo: “Like everyone, we are seeing an increase in mortgage application volume driven by lower rates. In order to help provide the best possible service to our customers, we continue to hire underwriters, processors and closers..."

Many analysts anticipated that the implementation of CECL would balloon the loan loss reserves of the GSEs...

Would-be competitors for Fair, Isaac and Company, which owns the FICO models, are going to have to shell out a $200,000 application fee.

Important lessons learned this week: What goes up, must come down; mortgage rates don't always track the 10-year Treasury; stock speculation (Fannie/Freddie) is not for the faint of heart...

Following President Trump’s inauguration in 2017, the Department of the Treasury played an active role in developing the FHLB plan to buy Freddie Mac...

Will a Democratic victory be the death knell for GSE reform?

A JPMorgan Chase official noted that Fannie Mae and Freddie Mac can complete credit risk transfer deals and nonbanks have options as well, but banks? Not so much...

REITs covet entry into the system because FHLB members are allowed to borrow via low cost advances...

Some players in the market hoped that once the QM patch expired a significant amount of originations would shift from the GSEs to the non-agency market. But those hopes are fading...

The FHFA in September increased the cap on Fannie’s and Freddie’s multifamily lending to $100 billion each through the end of 2020, with at least 37.5% of their business earmarked for affordable housing.