Milbank has won a one-year, $3 million contract from the FHFA to provide legal services related to ending the conservatorships.

Freddie Mac priced two K-deals, which include separate floating-rate tranches linked to LIBOR and SOFR.

States with shelter-in-place orders accounted for 75% of the single-family home loans securitized by Fannie and Freddie last year, and 81% of jobless claims filed last week. (Includes data chart.)

The Federal Housing Finance Agency this week temporarily allowed Fannie and Freddie to finance mortgage-backed securities.

One of the early casualties of the coronavirus outbreak is the much-anticipated, re-proposed capital rule for Fannie Mae and Freddie Mac.

Fannie and Freddie are providing “alternative flexibilities” to reduce the need for appraisers to inspect the interior of a home.

Federal Reserve operations this week swallowed up more than $39.8 billion in agency MBS, including about $31.7 billion in uniform MBS.

The GSEs have extended their forbearance programs to include multifamily borrowers and renters experiencing hardship due to COVID-19.

One mortgage REIT is already feeling the effects of the GSEs’ move to unwind an obscure credit-risk transfer program by yearend.

Borrowers are entitled to forbearance if unable to make their monthly mortgage payment due to the virus, the FHFA has reminded servicers.