A huge chunk of the fall-off in Fannie/Freddie MBS holdings occurred at Wells Fargo, which reduced its investment in these securities by $7.31 billion.
Fannie Mae and Freddie Mac announced plans for uniform servicing data standards in 2012 but stopped the project the following year due to concerns from servicers already dealing with elevated delinquencies.
Fannie Mae and Freddie Mac say they support the Federal Housing Finance Agency’s proposal to include a leverage ratio on their future capital requirements.
Moelis & Co. last week released an updated version of its “Blueprint for Restoring Safety and Soundness to the GSEs” that calls for recapitalizing Fannie Mae and Freddie Mac immediately.
Fannie Mae’s and Freddie Mac’s loan-loss reserves could be substantially impacted by a new accounting standard that requires companies to immediately book potential losses.