Despite various penalties for early prepayments, FHFA believes multifamily MBS issued by Fannie and Freddie present risk for the FHLBanks. Fannie thinks otherwise.

The end of the QM patch — thanks to a maneuver by the FHFA and Treasury — could help the non-agency market compete with the GSEs.

Fannie Mae is providing a monthly certification that its credit-risk sharing offerings comply with EU securitization requirements.

FICC, which provides clearing services for most to-be-announced trades, says its existing margin methodologies failed to provide adequate credit protection during the market turmoil last spring.

In an interview with IM&A, former Treasury official Craig Phillips says capitalize the GSEs and let them go.

Prepayment speeds are dropping on agency MBS but there could be choppy waters ahead on VA IRRRLs. For now, VA is staying quiet.

The new rule would cover the forward settlement exposure for the counterparties in TBA deals.

Improvements in Collateral Underwriter mean field reviews of appraisals will no longer be required.

The complication of shifting from cash window deliveries to MBS swaps is going to cost lenders money whether they’re big or small.

Last March, major dealers simply didn’t have the liquidity to accommodate the volume of agency MBS being sold. Would a clearing facility speed up settlement enough to prevent a similar market failure in the future?