Meanwhile, PennyMac Mortgage Investment Trust, a REIT affiliate of the nation’s fifth largest home lender, plans to offer $200 million worth of senior notes, also due in 2024. PennyMac has yet to publish the yield.

The RFI seeks public input on all policies that might affect UMBS fungibility and the viability of the TBA market. The action appears to be an effort by the agency to ensure the enterprises maintain appropriate oversight of UMBS prepayment speeds and alignment.

Freddie CEO David Brickman: “The ability to absorb that risk is largely a function of how much capital you’ve got, and we have very little.”

The FHFA declined to single out which GSE it was talking about...