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Inside The GSEs

October 18, 2019

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Freddie Servicing Continues Growing Faster Than Fannie

The fastest growing group of Fannie/Freddie servicers in the third quarter was small and mid-sized mortgage companies, but that's largely because NewRez is not a top-tier originator. (Includes two data charts.) Read More

Calabria's Roadmap to the End of Conservatorship

Based on current earnings, it will take until 4Q20 or 1Q21 for Fannie to accumulate its statutory minimum capital requirement. For Freddie, the wait will be a little longer — until the 2Q21. Read More

Have Fannie and Freddie Paid Treasury in Full?

Even though the two companies have paid Treasury about $250 billion over seven years, most of that was interest. They may still owe nearly $118 billion in principal. Read More

FHFA Seeks Expert for Recap and Release. The GSEs Next?

FHFA Director Mark Calabria hopes to hire an advisor by next month. He said Fannie and Freddie will need to hire advisors too to help through the recap-and-release process or any possible public offering. Read More

FHLB Seattle Lawsuit Reinstated by State Supreme Court

The Washington State Supreme Court has revived FHLB Seattle’s lawsuits against Credit Suisse and Barclays over crisis-era RMBS. Read More

FHLB Diversity: Women in Senior Management Increase

Although six of the 11 FHLBs increased the share of women in senior management, at three banks the share of women actually declined. Read More

Lowman Quits Freddie Mac; Corley to be Interim EVP

Industry watchers expect David Lowman to join one of the rising fintech firms after he leaves the GSE by the end of the month. Donna Corley will take over as interim EVP.

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Illinois Court: GSE Property Sales Not Immune to Transfer Tax

A lawsuit claimed Fannie is “governmental body” because it was created by Congress and is currently under conservatorship. Read More

Fannie Announces 14th RPL Sale

The auction includes six pools, ranging in size from $394.5 million to $665.2 million. The loans are serviced by Wells Fargo. Read More

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