The fastest growing group of Fannie/Freddie servicers in the third quarter was small and mid-sized mortgage companies, but that's largely because NewRez is not a top-tier originator. (Includes two data charts.)

Based on current earnings, it will take until 4Q20 or 1Q21 for Fannie to accumulate its statutory minimum capital requirement. For Freddie, the wait will be a little longer — until the 2Q21.

Even though the two companies have paid Treasury about $250 billion over seven years, most of that was interest. They may still owe nearly $118 billion in principal.

Although six of the 11 FHLBs increased the share of women in senior management, at three banks the share of women actually declined.

A lawsuit claimed Fannie is “governmental body” because it was created by Congress and is currently under conservatorship.

FHFA Director Mark Calabria hopes to hire an advisor by next month. He said Fannie and Freddie will need to hire advisors too to help through the recap-and-release process or any possible public offering.

The Washington State Supreme Court has revived FHLB Seattle’s lawsuits against Credit Suisse and Barclays over crisis-era RMBS.

Industry watchers expect David Lowman to join one of the rising fintech firms after he leaves the GSE by the end of the month. Donna Corley will take over as interim EVP.

The auction includes six pools, ranging in size from $394.5 million to $665.2 million. The loans are serviced by Wells Fargo.

Fannie and Freddie will be able to retain all their second-quarter profits, rather than forward them to Treasury. Combined, the GSEs will add $5.2 billion to their net worth this month.