The move marks a change of pace for UWM, which has been issuing its own non-agency MBS with GSE-eligible mortgages for investment properties.

The GSE boosted the tender cap from $650 million to $1.63 billion.

Some $20 billion of GSE-eligible mortgages are on track to flow into non-agency MBS this year.

But the influential HFSC chair — who has no Congressional vote on such a nomination — also noted the acting director’s experience as a prudential regulator...

The alterations unveiled by the Federal Housing Finance Agency touch on the prescribed leverage buffer and the capital treatment of CRT transactions.

The existing capital rule, finalized in November 2020, was roundly criticized by industry observers, who said it was overly conservative.

The PSPAs, as most GSE watchers know, define the nature of the government backstop for Fannie Mae and Freddie Mac.

Missing in action from the White House nominee list: Mike Calhoun...

With the CDC no longer able to offer eviction protection to those delinquent renters, speculation now turns to whether the federal agencies in charge of housing policy, including the Federal Housing Finance Agency, will institute a moratorium of their own.

And while repurchase activity still represents a small portion of Fannie and Freddie business, 2021 is shaping up as the biggest year for seller buybacks since 2014.