Fannie Mae continues to take a dim view of the capital relief it gets for CRT activities under the enterprise regulatory capital framework...

Brown’s departure suggests that Fannie, at least, has yet to staunch the bleeding...

At press time, Genworth's share price was down slightly to $3.83. Its 52-week high is $4.76, its low $1.87...

The seller of the MSRs is an independent mortgage banker... 

Additional non-agency MBS with GSE-eligible mortgages for investment properties are expected due to new limitations on Fannie/Freddie acquisitions of such loans.

The shift is tied to GSE PSPA amendments, which came in January...

Mark Calabria: "Just like other large financial institutions, these plans will provide Fannie Mae, Freddie Mac and FHFA with a roadmap for preserving business continuity should they fail again."

Of the total in COVID deferral status at the end of March, 91.56% of loans were current. Another 3.76% were one or two payments past due, and 4.69% were three or four payments late.

Both companies — wards of the federal government since the fall of 2008 — have benefitted from record originations, which in turn have juiced secondary market transactions, and subsequently their profits.

On the plus side: revenues at Freddie increased 4.9% from the fourth quarter of last year...