Fed Governor Christopher Waller says asset sales are “a conversation for another day.”

Mortgage debt accounted for more than 80% of overall household debt in 2021, according to a new quarterly report by the Federal Reserve Bank of New York.

The HTF will receive about $740 million in 2022, the CMF $398 million.

In particular, Fannie benefited from loan-loss recaptures...

The new requirements would distinguish between large and small servicers and whether that servicing covers GSE loans or Ginnie Mae loans.

Outstanding Federal Home Loan Bank advances ticked up at the end of 2021, halting a nearly two-year decline. (Includes two data charts.)

The ruling makes it unlikely GSE shareholders will ever receive compensation for the value they lost through the net worth sweep.

Profits of $34.29 billion in 2021 will suffer in 2022 as both amortization income from refinances and benefits for credit losses ebb. (Includes data chart.)

Credit-related income boosts profits at Fannie Mae; fair value losses at Freddie Mac keep net income growth in check.

The regulator has amended the capital rule to improve the capital treatment of credit-risk transfers and reduce the size of the leverage buffer for the GSEs.