The latest FHFA directive is something of a mystery. In separate 8-Ks, both Fannie and Freddie point out that no employees currently receive a base salary of more than $600,000.

"The CFPB’s job is not to regulate market share in the secondary mortgage market,” says Adam Levitin.

The 2019 DFAST includes a more severe recession than in 2018, with a major economic crisis in Europe causing investors to flee to U.S. markets.

Fannie warns that the loss reserves required by the new FASB standard may exceed its retained earnings in the first quarter of 2020.

The fintech moves the GSE one step closer to fully automating income and asset validation.

Both GSEs posted their highest monthly volume of single-family MBS issuance since January 2017. Purchase-mortgage and refinance business rose significantly.

A decade of incremental reform has set the stage for Fannie Mae and Freddie Mac to exit conservatorship, according to Don Layton.

The successful launch of the single security — more than $9.5 trillion in UMBS has traded through the end of July — may pave the way for broader housing-finance reform, according to researchers at the Urban Institute.

Concerns of industry participants provoke edits and postponement of a new mortgage application form.

Freddie continues to price a wide variety of multifamily STACR products for CRT investors.