Shortly before his departure in June 2021, former FHFA Director Mark Calabria and his then-Chief of Staff John Roscoe pressed Fannie Mae CEO Hugh Frater to give a $250,000 bonus to a Fannie executive.
In other words, did the GSE shareholders suffer any “compensable harm” because then-President Trump was unconstitutionally barred from firing then-FHFA Director Mel Watt?
Nonbanks continued to gobble up market share among GSE MBS servicers, jumping from a 50.3% share a year ago to 56.2% at the end of 2021. (Includes two data charts.)
FINRA will implement margin requirements for trading of wide swaths of GSE MBS, including TBA transactions, specified pools transactions and collateralized mortgage obligations.
The Underserved Mortgage Markets Coalition has put together a list of actions the GSEs can take to meet their obligations under FHFA’s duty-to-serve program.