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.

The new cap structure will allow each firm to invest up to $100 billion in multifamily projects over the next five quarters. At least 37.5% of that investment must be for affordable housing.

Dealing with the risks in Fannie Mae’s and Freddie Mac’s portfolio is more complicated than simply reducing the footprint of the government-sponsored enterprises, FHFA Director Mark Calabria told IM&A.

FHFA and Treasury are close to signing a letter agreement that will eliminate the profit sweep by month-end, according to the agency’s director.

Deutsche Bank has agreed to settle a bond rigging lawsuit, and is cooperating in the case by providing documents and other relevant materials.

A reason for GSE shareholders to rejoice: The FHFA will eliminate the net worth profit sweep shortly…