Freddie CRT transactions top $1.4 billion in 2Q19; Fannie bolsters its front-end CIRT program.

Even as FHFA replaces its current ARM index with one created by Freddie Mac, Freddie and Fannie endorse a new SOFR index touted by the Fed as a replacement for LIBOR.

The indictment of apartment mogul Robert Morgan and several of his associates may have accelerated the prepayment speeds of dozens of Fannie’s and Freddie’s multifamily MBS.

As the Trump administration winds its way toward some sort of conclusion on GSE reform, industry observers ponder the possible holdups.

Freddie announces a $1.3 billion Seasoned Loans Structured Transaction; Fannie prices a $1 billion REMIC deal; Freddie launches a new product to address aging housing supply; CEO Layton’s last week at Freddie.

Mortgage industry experts zero in on FHFA’s risk-based capital rule as the linchpin for successful housing-finance reform.

The GSEs continue to offload delinquent loans in their mortgage portfolios, bringing the tally of loans sold since 2014 to 117,466 with an unpaid balance of more than $22 billion. Page 9.

Seller repurchases of defective loans dropped to the second-lowest total on record, but Freddie repurchases remained significantly higher than Fannie's. The volume of unresolved claims was up from the fourth quarter.

Industry advocates are complaining that the GSEs are using automation and other technology to dilute the valuation process.

Experts agree the GSEs are systemically important. The question is whether they are SIFIs or SIFMUs or something else.