Bloomberg’s GSE bombshell was just one of several potentially controversial proposals to revamp the nation’s financial system.

Still, January production was more than double the volume produced by the two GSEs in the first month of 2019.

Fannie’s average g-fee in the fourth quarter was up as well, but by just one basis point.

For GSE watchers the bottom line boils down to this: Both continue to earn money hand over fist and for now get to keep all their earnings instead of forking it over to the U.S. Treasury in the form of dividends.

Some industry trade groups have an uneasy feeling about the proposal...

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...