Both Fannie Mae and Freddie Mac foreshadowed the new fee for commingled securities in their SEC filings. (Includes data chart.)

Investors tendered debt notes worth slightly more than 82% of the original principal amount.

Fourth-party risk? It's an issue for Fannie, Freddie and their regulator...

GSE third-party service providers increasingly have their own third parties that could also pose a risk to the enterprises.

With mortgage rates approaching 6%, home price appreciation may soon peak.

More importantly, the inaccurate credit scores won’t render the loans ineligible for purchase.

The new fee was roundly criticized by MBS investors...

The Fannie/Freddie regulator indicated it will review the impact of the ERCF on the UMBS market, but for now won’t delay implementation of the new fee.

Loan Product Advisor, Freddie’s automated underwriting system, will soon be able to identify rent payments from the bank accounts of homebuyers who opt-in to the program.

The impact of the Equifax credit score snafu appears to be minimal, limiting the headache for lenders.