We know one mortgage official who bought “a bunch” of Fannie Mae shares at $1.38...

Cowen adds the nomination “also leaves the door open to FHA premium cuts, though the real driver of that will be the pick of an FHA commissioner.”

Cowen & Co. believes there’s now a 65 percent chance that GSE reform will happen over the next two years.

Just over a week ago, the Federal Housing Finance Agency raised the maximum conforming loan limit for GSE mortgages by $7,100 for 2017, citing an increase in home prices.

Will the GSE-investing PE firms blow it?

Based on current trading values, Fannie common now has a market capitalization rate (share price multiplied by number of shares) of $28.01 billion. Freddie common is valued at $15.14 billion.

The Trump administration has added two more transition team members to HUD. Still, no word yet on whether Ben Carson wants to the secretary job...

As IMFnews went to press Wednesday, Mnuchin said in a Fox TV interview that resolving Fannie and Freddie will be a top priority.

In case you haven’t noticed: the national debt is ready to crack the $20 trillion mark – almost twice the dollar volume of outstanding residential debt in the United States.

Some see the move by UWM as a way to be more competitive in a declining origination market…