Mike Gill was part of the team brought in by former FHFA Director Mark Calabria to prepare CSS to issue securities for potential competitors of Fannie and Freddie.

The GSEs’ regulator buys access to executive compensation data at the enterprises’ peers.

Both Fannie Mae and Freddie Mac have now completed tender offers on seasoned CRT notes to reduce interest expense on seasoned deals.

Critics say the amendments correct some of the flaws in the rule finalized last December, but it’s still far too conservative when compared to historic losses at the GSEs.

An OIG report finds the GSEs’ expected cost from pandemic-related forbearances has climbed about 30% in the past year.

The fee, passed a decade ago to help pay for a temporary payroll tax cut, expired Oct. 1. Democrats resurrected it for another decade to help pay for infrastructure priorities.

The Federal Housing Finance Agency’s proposed amendments to the capital rule bring the mortgage giant back to the CRT table.

Fewer refinancings mean Fannie Mae’s and Freddie Mac’s amortization incomes from prepayments are in decline. (Includes data chart.)

Market forces and regulatory issues outside the control of Fannie and Freddie may make it difficult for them to achieve the proposed affordable housing benchmarks.

UMMC argues that the GSEs’ three-year duty-to-serve plans are wholly inadequate to address the current affordable housing crisis.