Fannie removed some loans from its MBS early; Guaranteed Rate restructured a jumbo MBS before issuance; the GSEs are prepping separate risk- sharing transactions.

Sandra Thompson, Biden’s nominee for FHFA director, gives a deft performance at her Senate confirmation hearing.

Fannie priced a credit-risk transfer deal linked to single-family mortgages; the SEC won’t take an enforcement action against Two Harbors; performance of consumer ABS backed by loans originated by marketplace lenders expected to decline.

Freddie Mac, in particular, expects to issue a record volume of $25 billion in single-family risk-sharing transactions this year.

Mortgage industry stakeholders welcomed Sandra Thompson’s nomination, touting her achievements in her current role as acting director of the Federal Housing Finance Agency.

Changes in FHFA leadership and in the structure of some CRT offerings have altered the calculations of investors.

Fannie Mae’s latest credit insurance-risk transfer transaction included 20 reinsurers taking on $31.7 billion in unpaid principal balance.

Don Layton said critics don’t like credit-risk transfers because they make the GSEs stronger and more durable.

Bridge Investment Group, a major player in the multifamily sector, said the proposed changes to the enterprise regulatory capital framework could actually increase the capital requirements for the GSEs.

After the FHFA revealed its intent to reduce GSE capital requirements for CRT exposure, Fannie announced plans to get back in the market. (Includes data chart.)