Keefe, Bruyette & Woods: "We continue to believe that GSE recapitalization is unlikely to be completed within the current presidential term.”

The FHFA announcement comes as financial institutions and regulators struggle to identify a suitable replacement index for LIBOR. 

The hike in the retained earnings threshold was widely anticipated and the news hardly budged the share price of Fannie/Freddie common.

Neither Simone Grimes nor FHFA released the details of the settlement. Mel Watt, whose term as director ended in January, has not commented.

One of the biggest speculative bets ever made in mortgage stocks is going on right now: Fannie and Freddie...

In late 2018, the FHFA published a report on g-fees paid from 2013 to 2017, stratifying it by five different lender cohorts…

Freddie Mac declined to say how much credit it had extended under the pilot, though a spokesman said it was under $1 billion. 

Combined, Fannie Mae, Freddie Mac and Ginnie Mae accounted for 63.0% of total home mortgage debt outstanding at the end of June.

If the QM "patch" disappears as scheduled in early 2021, some lenders might see originations plummet. At least, that's the fear...

When it comes to MBS guarantees, it would be a pay-as-you-go system...