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Inside The GSEs

January 3, 2020

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Strong 4Q19 Lifts GSE MBS Production Over $1 Trillion

Fannie and Freddie in 2019 topped the $1 trillion mark for the first time since 2013 thanks to an unexpected surge of refinance business in the second half of the year. (Includes two data charts.) Read More

Treasury is the ‘Ax’ on GSE Reform. Layton Weighs the Options

Because it controls the senior class of stock in Fannie and Freddie, the Treasury is in the driver’s seat on recap and release. Former Freddie CEO Layton weighs the government’s options, using AIG as a blueprint. Read More

Lenders Oppose Plan to Re-Propose GSE Capital Rule

None too thrilled with the FHFA’s decision to re-propose the capital rule for Fannie and Freddie, mortgage lenders are seeking reversal. Read More

Claims Court Allows Derivative Claims in Fairholme Case

Judge Sweeney ruled the court did not have jurisdiction on direct claims. But she allowed the Fairholme plaintiffs to continue their derivative claims, which seek remedies for Fannie and Freddie. Read More

Regulator Proposes Ending Stress Tests for FHLBanks

The proposed rule seeks to modify the minimum thresholds, frequency and number of scenarios required to bring the stress test rule for regulated entities in line with new rules that apply to other financial institutions. Read More

Major Banks Settle Litigation Over Fixing GSE Bond Prices

Barclays, the largest underwriter of GSE debt bonds, reached a settlement worth $87 million. Separately, a group of 12 financial institutions collectively agreed to pay investors $250 million to settle their claims. Read More

Senate Dems Seek Answers on GSE Administrative Reform

Democrats on the Senate Banking Committee want to know the timeline and rationale for the long-awaited recap and release of the GSEs. Read More

Freddie Buyouts Could Indicate Downsizing

Those familiar with the plan say it will target those with longer tenures, suggesting an attempt to trim the number of high-salary staffers. Read More

GSE Roundup

Freddie researchers tout mixed-income development; Genworth merger with China Oceanwide delayed again; Freddie CFO Mackey steps down sudden-ly; Two former FHLB Dallas executives get prison time. Read More

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