The American Enterprise Institute this week released a proposal to gradually eliminate Fannie Mae and Freddie Mac through administrative action and reform the FHA program. Many of its recommendations could be implemented by the Federal Housing Finance Agency director that President Trump can nominate early next year.

At last check, Fannie common was selling for $1.62 a share, Freddie $1.57.

Pete Carroll, an executive at CoreLogic, noted that many Democrats in Congress will not support a housing finance reform bill unless such provisions are included.

In January, the government-sponsored enterprises and Ginnie placed their guarantees on $102.48 billion of new single-family MBS, a modest 6.9 percent decline from December.

As might be expected, the American Enterprise Institute wants to eliminate Fannie Mae and Freddie Mac…

Is the White House listening to the AEI on GSE reform?

The bulk of the holdings are in Alt A mortgages purchased/guaranteed by the GSEs...

The average daily trading volume in agency MBS totaled $236.1 billion in January, the highest reading of the past year, and a sign that liquidity is strong. Compared to the month prior, trading activity increased by 12.8 percent, according to the Securities Industry and Financial Markets Association.

Others might contend that ASPS CEO William Shepro really earned his $2.5 million compensation package this time around…

PIMCO also believes government MBS loan limits should be based on borrower income, not housing prices…