Fannie financed $76 billion through its Delegated Underwriting and Servicing program, while Freddie pumped out $82.5 billion in loan purchases and guarantees.

Freddie’s multifamily structured credit risk notes are structured on actual losses. Previous issuances were based on a fixed-severity formula, which created a gap between when losses were booked and reimbursed.

According to Congressional bean counters, increasing g-fees would cut the U.S. deficit a cumulative $30 billion through 2030.

New multifamily caps, announced in November, also included changes to the definition of “mission-driven.”

The program has accounted for a cumulative savings of 827 million gallons in water consumed and 152 million kilo-BTUs in energy savings.

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

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

Going forward, mortgages will qualify for the QM safe harbor if the annual percentage rate on the loan doesn’t exceed the average prime offer rate by more than 150 bps.

The former Nationwide CTO will manage the Common Securitization Platform.

Investors will be able to elect a real estate mortgage investment option for Fannie’s multifamily MBS beginning Jan. 1.