KBW analysts believe it will take 15 years for the two government-sponsored enterprises to meet FHFA’s capital requirement to exit conservatorship. KBW reduced its target price on Fannie and Freddie stocks to $1.00 each.

Sen. Pat Toomey, R-PA, the ranking member of the Senate Banking Committee, this week indicated the GOP may be ready to compromise on key issues related to GSE reform.

The CSS board now has four GSE-appointed members and five independents. Fannie and Freddie warned that this new majority will have the final say on any matter during conservatorship and on a number of significant matters following conservatorship (if they ever exit).

The GSEs’ regulator heard testimony on the risk climate change poses to Fannie, Freddie and the broader housing market.

Critics argue the GSEs’ resolution plans must acknowledge the PSPAs and the government’s contractual obligation to support.

Every single division of the FHFA is expected to see a spike in payroll in 2021. The biggest change will be in the enterprise regulation unit.

The CFPB proposed rulemaking to delay mandatory compliance with the general qualified mortgage rule until Oct. 1, 2022.

None of these new securitizations are expected to include loans with temporary payment forbearance like that used for pandemic relief.

Treasury’s stake in the GSEs should be used to create a joint venture focused on affordable housing. Also, to ensure success, Fannie and Freddie should be converted into utilities, two industry pros recommend.

USMI criticized the increased use of appraisal waivers for refis with high-LTV ratios, which help determine g-fees and insurance premiums.