The top three FHLB borrowers via the advance window: Wells Fargo, JPMorgan Chase and PNC Bank…

Even though the preferred stock purchase agreement between the GSEs and the Treasury Department limits Fannie’s and Freddie’s capital reserves to $3 billion each, FHFA still requires the enterprises to undergo the stress test evaluation each year…

"What starts as a temporary 10 bps hike could become a material and permanent tax on housing," said Jaret Seiberg, a policy analyst at Cowen.