Sheila Bair, who resigned as Fannie board chair earlier this year, said the GSEs are ready to exit conservatorship.

The GSEs earned a combined $20.5 billion in theoretical net income under the severely adverse economic scenario of the 2022 stress tests. But those returns would vanish if they had to reserve for deferred tax assets.

The latest Freddie tender offer attracted less interest, with investors cashing in fewer certificates than for previous offers.

The former Credit Suisse executive will replace J. Douglass Watt, who is retiring in November.

Mortgage fraud has gone beyond borrowers simply falsifying income and employment information.

The regulator of the GSEs rejiggers its leadership team, firming up supervision of its Divisions of Housing Mission and Goals and Bank Regulation.

Fitch Ratings affirmed its ratings of both master serving and special servicing for Freddie’s multifamily business.

The enterprise’s board approved amendments to the bylaws governing shareholder notice and annual meetings.

Low-balance borrowers seeking to refinance pay proportionally higher closing costs and receive a smaller reduction in interest rates, according to findings published by the Federal Reserve.

Fannie and Freddie issued a combined $17.57 billion in CAS and STACR certificates in the first half of 2022, more than in any full year since CRT was invented. (Includes data chart.)