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.”

In its final rule, the FHFA appears to have relented, finally paving the way for VantageScore to compete directly with FICO.

Fitch: “As long as Fannie and Freddie remain in conservatorship and continue to be supported by the substantial funding under the PSPA, their ratings will continue to be linked to the U.S. sovereign rating."

UWM CEO Mat Ishbia: “I’m not a person that believes the expiration of the patch is going to be a major industry event.”

Two questions – one about language preference and another about homeownership education and housing counseling – will be removed from the GSE application.