In a review of the Federal Home Loan Bank system, the Federal Housing Finance Agency riled some mortgage industry participants by failing to endorse expanding FHLBank membership to include nonbanks.

Fannie Mae's portfolio has only been smaller once since the financial crisis.

One key element of the review addresses the FHLBanks’ role in the string of regional bank failures last spring.

An increase in net expenses in the third quarter cut profits at Fannie Mae and Freddie Mac despite an uptick in revenue for the quarter. (Includes data table.)

Acquisitions helped boost Mr. Cooper to the third largest GSE servicer as of the end of September, up from number eight in the ranking as of the end of June.

Lower benefits for credit losses and an adverse decision in court undercut slight increases in revenues for Fannie Mae and Freddie Mac.

Only 6% of mortgage holders who expect to stay in their current home longer than anticipated attributed the decision to their low mortgage rate.

Freddie's quarterly profits took a (presumably) one-time hit from expenses accrued due to the Fairholme v. FHFA decision in August.

A $491 million payout to junior preferred shareholders in the third quarter cuts Fannie Mae profits to $4.7 billion.

Republicans in the Senate have concerns and a report from TransUnion highlighted negative impacts from the move.