The ongoing wildfires in California could have a disproportionate impact on residential MBS, according to Moody’s.

Redwood Trust’s investments have generated returns of around 12% so far this year. The REIT is increasing acquisitions of re-performing loan securities issued by Freddie Mac.

Are settlement talks heating up between GSE shareholders and Uncle Sam? Hard to say, but at least the housing-finance train is on the move.

The new capital buffer deal has a limited life. At current earnings rates, Fannie will reach the $25 billion buffer cap in about two years, Freddie a little later.

Economists say an increase of 1 degree Celsius in a county’s 36-month average temperature reduces the mortgage approval rate in the county by about 0.9% and the average loan amount by 6.9%.

Issuers and investors in the securities market are divided on what exactly should be done with the qualified mortgage “patch.”

The Treasury Department envisions a multi-year recapitalization of the GSEs. Secretary Steven Mnuchin told the Senate Banking Committee on Tuesday that the process is already underway.

Fannie and Freddie will shift to an averaged version of SOFR before the publication of the scandal-ridden LIBOR ceases.

An Urban Institute paper says the successful launch of the single security paves the way for housing-finance reform.

The GSEs took hits to their net earnings as a result of hedging losses for the third straight quarter. The launch of the uniform MBS pushed Fannie and Freddie into an indemnification agreement.