Most of Sen. Grassley's inquiry focused on transparency and whether the president invoked executive privilege over some of the documents pertaining to the third amendment to the PSPAs...

Qualified buyers have until June 2 to bid on the Miami-based loans.

G-fees will stay the same while the adverse market charge will be eliminated and certain loan-level pricing adjustments will increase. The FHFA also released private mortgage insurer eligibility requirements.

The remaining undrawn taxpayer commitment to the GSEs is $258.1 billion dollars, Stegman noted.

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Fannie Mae and Freddie Mac issued a robust $189.92 billion of single-family mortgage-backed securities during the first three months of 2015, according to a new Inside The GSEs analysis.

After much speculation, Fannie Mae announced on Wednesday its first ever auction of nonperforming loans to qualified bidders. It includes a pool of approximately 3,200 loans totaling $786 million in unpaid principal balance.

According to the FHLB-NY, a limited number of investors – and members – have been approved for the pilot.

Fannie Mae indicated that this auction will be the kick-off to future sales.

In years past, some have likened Fannie and Freddie to being giant thrift institutions...