FHFA said the plan to have “living wills” is akin to what the Federal Reserve and the FDIC require for their bank charges.

The two new faces on the CSS board are investment banker Dylan Glenn and securities industry veteran Lynette Kelly.

Nonbank sellers accounted for 63.9% of single-family mortgages pooled in Fannie and Freddie MBS during the first 11 months of 2020, raising their share of the GSE market by nearly 10 percentage points. (Includes two data charts.)

Treasury Secretary Steven Mnuchin said he is “not going to do anything that jeopardizes taxpayers.” But his real concerns? How to adequately capitalize Fannie and Freddie first.

The FHFA wants the GSEs to hold liquid assets to cover 30 days of anticipated cash outflows, plus a $10 billion buffer. That’s similar to the liquidity coverage ratio employed by bank regulators.

Justice Breyer characterized the net worth sweep as the nationalization of the GSEs. The government and the court-appointed amicus curiae disagreed, describing it as a simple renegotiation of a contract.

The GSEs have consistently exceeded their affordable housing goals. Is it time to raise them?

Capital Senior Living posted a $215 million loss in the third quarter, most of which it attributed to the transfer of 18 facilities to Fannie Mae.

Section 4022, which covers forbearance under the CARES Act, does not include an explicit end date. According to the CSBS, this has led many to assume it ends on Dec. 31. The truth is less certain.

The former Nationwide CTO will manage the Common Securitization Platform.