According to the former FHFA chief, given the state of the mortgage and equity markets, Fannie Mae won’t survive another round of home price depreciation.

FHFA and Treasury haven’t discussed how to make the 2021 changes to the PSPAs permanent or whether to ease the capital requirements for the GSEs.

Trade groups are resigned to whatever model FHFA chooses, but they need data on how it performs compared to FICO to set up their own systems and procedures.

Donna Corley, Freddie’s head of single-family, said borrowers will soon be able to use the Choice Renovation product to finance the construction of accessory dwelling units and count the rent toward income.

With their unguaranteed subordinate tranches, the K-series was the first enterprise security to transfer credit risk to private investors.

The GSEs’ latest SEC filings reveal a combined capital shortfall of $359 billion at the end of the first quarter. But combined earnings were a healthy $8.21 billion for the quarter. (Includes data chart.)

Fannie and Freddie addressed FHFA complaints by adding more rigorous and measurable goals to their plans to improve liquidity in underserved mortgage markets.

Freddie disclosed that prepayments on mortgages in 50,000 pools were sometimes not passed through to bondholders.

The GSEs’ regulator renews efforts to collect preferred language information from borrowers.

The Freddie veteran replaces Deborah Jenkins, who left in October.