Any new offering of stock by the GSEs likely won’t commence until 2021, though the situation is fluid...

New MBS production was up 32.0% from 2018 as an unexpected wave of refinancing business continued to pour into the secondary market.

The Layton paper also considers Treasury’s roughly $240 billion of senior preferred equity in the GSEs…

The dollar volume of purchase-loan deliveries declined across all nine risk categories, with the biggest drop taking place in the highest-risk bucket.

The CMLA and the others stressed the commitment of FHFA and Treasury to housing-finance reform should be followed by urgent action.

Based on current prices, Fannie has a current market capitalization rate of just $3.5 billion, Freddie $1.9 billion.

In 2018, first lien originations totaled $1.63 trillion. For 2020, $1.9 trillion to $2.0 trillion seems like a reasonable number. The key, as always, will be interest rates…

How much might the Freddie Mac 'golden handshake' program cost?

So, what kind of GSE questions do the Democrats ask? Topics include timelines, benchmarks, capital levels, affordable housing issues, reducing the GSE footprint and the like. All of the questions might be viewed as quite predictable…

After all, who wants to invest in a shrinking (GSE) business? Something to think about…