Even though the preferred stock purchase agreement between the GSEs and the Treasury Department limits Fannie’s and Freddie’s capital reserves to $3 billion each, FHFA still requires the enterprises to undergo the stress test evaluation each year…

"What starts as a temporary 10 bps hike could become a material and permanent tax on housing," said Jaret Seiberg, a policy analyst at Cowen.

One GSE-related question that hasn’t been answered yet: If a recap and release plan becomes a reality, will Congress end the $600,000 pay cap on GSE CEO compensation? 

Then again, the partnership with Freddie isn’t exactly novel. The vendor has a similar arrangement with the GSE’s crosstown rival Fannie Mae…

At Fannie Mae, former FDIC chief Sheila Bair will serve on three board committees: compensation, nominating and corporate governance.

Quicken was the market leader in retail lending with UWM taking top honors (by far) in the wholesale category. Wells Fargo was the top correspondent buyer in 2Q19…

The big question: Will the White House and Congress visit the guarantee fee trough once again to pay for it? 

Fannie Mae and Freddie Mac acquired $2.83 billion of reinsurance coverage through the first six months of the year, down 29.9% from the same period in 2018.

PIMCO owns at least one mortgage company, First Guaranty Mortgage Corp., in Tysons Corner, VA. Earlier this year, FGMC launched a non-QM brand called Maverick…

Meanwhile, KBW said it’s maintaining forward earnings estimates and $1 a share price target for both mortgage giants. Its overall rating is “underperform.”