Fannie Mae said Tuesday that the GSE expects to remain profitable “for the foreseeable future” after posting fourth quarter 2012 earnings of $7.6 billion and annual net income of $17.2 billion, the best quarterly and yearly showing in the company’s history.

The outstanding carrying value advances for the 12 Federal Home Loan Banks increased during 2012 as the demand for advances showed signs of regional stabilization and certain FHLBank members increased their use of advances, according to the recent annual report by the FHLBank Office of Finance.

The three-judge panel of the Ninth Circuit overturned a lower court’s ruling from last summer which determined the FHFA was not acting as conservator but as regulator when the agency halted GSE involvement with PACE programs.

A House Democrat proposes a bill to lower the cap on the Mortgage Interest Deduction. Meanwhile, could Sen. Sherrod Brown succeed Tim Johnson as Senate Banking Committee Chair?

When Fannie Mae and Freddie Mac work with counterparties, they have contractual agreements that loans sold to them comply with federal and state laws governing the origination and servicing of mortgage loans.

The FHLB's MPF Xtra program – an alternative to the legacy Mortgage Partnership Finance program – saw volumes spike to $6.9 billion in 2012.

FHFA's plan for a single MBS platform that would be managed by a new government entity separate from Fannie Mae and Freddie Mac does not mean the agency is contemplating consolidating the two GSEs at this time.

The FHFA IG, in a new report, is critical of how Freddie Mac is managing its services regarding consumer complaints.

Can Fannie Mae and Freddie Mac capture $93 billion in deferred tax assets - money that ultimately will flow through to the U.S. Treasury?

FHFA chief Edward DeMarco on Tuesday criticized Congress for doing nothing in regard to GSE reform.