For the third straight year, in 2018, marketplace lenders held the top spot in the unsecured personal lending space. Meanwhile the share of banks dropped to 28%.

Experts doubt the non-agency market can pick up the slack of any reduction in the GSEs’ business once the qualified mortgage “patch” expires.

If all goes to plan, Fannie Mae and Freddie Mac will retain most of their earnings beginning with the third quarter.

A $1 billion line of credit might be small potatoes by GSE standards, but it’s likely to elicit whistles among private lenders.

California remains the mother lode for Fannie Mae and Freddie Mac. In the first six months of 2019, the GSEs purchased $58.1 billion in loans from the Golden State.

Although the non-QM portion of the non-agency market accounted for less than $10 billion in 2018, it could absorb more than $50 billion in former patch loans if it continues its current annual growth rate.

FHFA Director Mark Calabria: Reducing risk isn’t necessarily the same as reducing volume…

On the issue of FHFA’s constitutionality, the court ruled for the plaintiffs. But rather than invalidate the net worth sweep, the court struck the “for-cause” provision from HERA.

The issues have been argued over so long, and the views of key players are so well known, that the plan itself couldn’t help but disappoint.

According to court filings, between 2009 and 2016, the trading desks at the defendant banks conspired to inflate prices.