“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.

Quicken entered the market as an issuer of prime non-agency MBS in October of last year.

The new model could prove more attractive to portfolio and jumbo lenders who sell their loans into non-agency MBS…

Ryan, though, is quick to point out that the single security initiative is largely successful, not a surprise since he played a key part in its rollout.

As most residential stakeholders know, nonbank risk is an issue that has caught the eye of the Federal Housing Finance Agency and the Department of Housing and Urban Development because nonbanks are major counterparties to Fannie Mae, Freddie Mac as well as Ginnie Mae.

To date, Odeon has published 55 comments on the GSEs in the past 12 months…

But the financial windfall from the underwriting contracts where the two mortgage giants will offer new shares of common to the public should be considerably larger.