The Federal Home Loan Banks saw their interest-earning assets continue to decline in the third quarter, although somewhat less rapidly than earlier in the year. (Includes three data charts.)

The Federal Housing Finance Agency sets new standards for assessing Fannie Mae’s and Freddie Mac’s performance and releases a report assessing its own performance.

If the Senate fails to resolve the debt ceiling in time, the federal government’s credit rating will likely be downgraded to “restricted default.” So, too, will the ratings on GSE debt.

If it gets through the Senate in its current form, the Build Back Better bill could have several budgetary impacts on the housing finance industry.

Comments from AEI and the Cato Institute say, rather than reduce the capital requirements for the GSEs, FHFA should increase them.

Mike Gill was part of the team brought in by former FHFA Director Mark Calabria to prepare CSS to issue securities for potential competitors of Fannie and Freddie.

The GSEs’ regulator buys access to executive compensation data at the enterprises’ peers.

Both Fannie Mae and Freddie Mac have now completed tender offers on seasoned CRT notes to reduce interest expense on seasoned deals.

Don Layton said critics don’t like credit-risk transfers because they make the GSEs stronger and more durable.

Senate Republicans say they’re prepared to let the current debt ceiling lapse if Democrats won’t use the budget reconciliation process to pass it on their own, with implications for the GSEs.