An FHFA spokesperson said that, while Director Mark Calabria hasn’t issued a specific directive on providing credit, he has made it very clear that Fannie and Freddie must prioritize their own safety and soundness.

Analysts estimate that GSE forbearance programs will ultimately cost servicers between $80 billion and $150 billion in advances and escrow payments, bolstering the theory that only the Federal Reserve has the wherewithal to provide interim financing.

In a survey of its members last week, the Mortgage Bankers Association found that the percentage of loans in forbearance rose from just 0.25% on March 2 to 2.66% by April 1, nearly a tenfold increase.

The Real Estate Roundtable urged regulators to suspend mark-to-market rules as the industry fights off the economic impact of the coronavirus.

Former Freddie Mae CEO Don Layton suggests short- and long-term solutions for the liquidity problems faced by nonbank mortgage servicers.

Milbank has won a one-year, $3 million contract from the FHFA to provide legal services related to ending the conservatorships.

Freddie Mac priced two K-deals, which include separate floating-rate tranches linked to LIBOR and SOFR.

In this context, mark-to-market rules lead to margin calls and repo-related foreclosures...

The coronavirus crisis appears to have already sent the U.S. economy into a technical recession, according to economists at Fannie Mae.

With markets reeling from the impact of the coronavirus, trade groups have called for the suspension of the mark-to-market accounting rule.