The support of the powerful House Financial Services Committee chair improves the chances that FHFA Acting Director Sandra Thompson’s job becomes permanent. It also casts doubt on the rumored nomination of CRL President Mike Calhoun.

The new K-deals with all-cash collateral will be used to pre-fund K-deal A-M certificates.

The mortgage giant last week announced its first-ever cash tender offer for its signature CRT product — Structured Agency Credit Risk debt notes.

Homeowners in manufactured housing communities will no longer have to relocate their house before selling it. Also, the seller will have the right to sublease the pad site to the new owner.

But the influential HFSC chair — who has no Congressional vote on such a nomination — also noted the acting director’s experience as a prudential regulator...

Investors in Freddie’s new When-Issued K-Deal have the right to exchange them for K-deal A-M certificates to be issued in the future.

The existing capital rule, finalized in November 2020, was roundly criticized by industry observers, who said it was overly conservative.

Trade groups run a victory lap over the Biden administration decision to end Trump-era restrictions on the GSEs.

For months, the FHFA was working on a new capital regime for Fannie Mae and Freddie Mac. Few were even aware of the exercise. But now it’s here.

Analysts speculate on the apparent choice of Mike Calhoun as FHFA director even though the White House has yet to formally nominate him.