At face value, the disparity between the cost of the transactions and the return on investment seems ludicrous...

GSE regulator Sandra Thompson: “FHFA has nothing against big players, but their size means that they don’t have to worry about accessing the capital markets. Small lenders, on the other hand, may be able to leverage local knowledge to best serve their communities.”

Although total conventional-conforming production was up, the top four lenders in the market all reported slowing volume.

In her position, Brown oversees all of the Fannie’s financial management functions, including treasury, financial planning and financial reporting. That makes her something of a public face for the enterprise...

On the rise: cash-window purchases...

The terms of Fannie’s new RefiNow program are broadly similar to those of Freddie Mac’s new Refi Possible.

While the limit is near the level of GSE acquisitions of non-owner occupied properties in recent years, the way the cap has been implemented is prompting lenders to seek new outlets.

Did anyone really think the gain-on-sale margins of 3Q20 and 4Q20 would last forever?

Fannie Mae continues to take a dim view of the capital relief it gets for CRT activities under the enterprise regulatory capital framework...

Brown’s departure suggests that Fannie, at least, has yet to staunch the bleeding...