Industry insiders argue over whether the credit-risk transfer programs are overpriced catastrophic insurance for the GSEs or a cheap form of capital.

Variation margins will reduce counterparty risk in to-be-announced MBS transactions by requiring buyers and sellers to post margins for any change in prices before settlement.

Malloy Evans, a 17-year Fannie veteran, takes charge of the company’s massive single-family business, effective immediately.

Jason Griest has been with Freddie for the past eight years. Prior to that, he held capital markets or securitizations positions at Fannie Mae, Bank of America and JP Morgan.

Several of the regulatory and management measures undertaken to mitigate the impact of the pandemic are slowly being eased. Is that a sign markets are improving?

A so-called stressed default rate on millions of residential loans originated between 1990 and 2019 suggests the risks that precipitated the global financial crisis were around long before that, and are growing in the current market.

Looking at Freddie mortgages active as of January, researchers found that nearly 50% of Black homeowners would have saved at least $1,200 a year if they had refinanced while almost 20% would have saved at least double that amount.

The new rule would cover the forward settlement exposure for the counterparties in TBA deals.

Michael DeVito, former head of home lending at Wells Fargo, will take the helm at Freddie Mac.

Michael DeVito comes out of retirement to take the helm at Freddie Mac next month.