The report accused her of fostering a "culture of witness intimidation” and “a pattern of staff abuse.” In particular, it criticized the IG for refusing to cooperate with investigators and shunning congressional oversight.

But there's a catch. Fannie and Freddie now say they will allow PMIs to issue dividends without prior approval as soon as the third quarter, provided their excess PMIERS capital levels are greater than 50%. As of the fourth quarter, the excess capital threshold falls to just 15%.

How many consumers will seek a modification due a COVID hardship remains to be seen. Forbearance readings continue to drop...

Then again, Fannie and Freddie don’t buy everything that’s eligible. In recent months, there has been a burst of non-agency MBS issuance backed by GSE-eligible loans...

New Acting FHFA Director Thompson's first personnel move: elevate existing staff.

The MBS will be the first from Citi with GSE-eligible loans and it marks PennyMac's return to the sector after years away.

For some sellers, the curbs don’t represent much of a bump in the road. For Quicken Loans, the top GSE seller over the 12-month period, investor/second-home loans were roughly 5.5% of its sales to both Fannie and Freddie.

After warning the council about the risks posed by government money market funds, Calabria went on to point out that these funds have large exposures to Fannie Mae, Freddie Mac and the Federal Home Loan Banks.

The common and “junior” preferred investors were (more or less) given up for dead in late 2008...