Freddie Mac made a major reshuffle of its executive suite this week with its announcement of new leadership in each of its three lines of businesses and the creation of a new division at the GSE, as well as a number of other senior leadership changes.With the move, Freddie consolidates the previously separate Single-Family Credit Guarantee, Single-Family Portfolio Management and Operations & Technology divisions into the new Single-Family and Operations & Technology division.

The Federal Housing Finance Agency announced late this week it has directed Fannie Mae and Freddie Mac to establish consistent mortgage loan servicing and management requirements for loan servicers acting on behalf of the two GSEs. FHFA’s Servicing Alignment Initiative requires...

Fannie Mae and Freddie Mac mortgage-backed securities remained a preferred investment for the Federal Home Loan Banks during the fourth quarter of 2010, though down slightly from the previous quarter, according to a new analysis and ranking by Inside The GSEs based on data from the Federal Housing Finance Agency. Meanwhile, Ginnie Mae securities continued...[Includes one data chart]

Servicers must achieve “quality right-party contact” (QRPC) with borrowers as a means of determining a delinquent homeowner’s willingness and ability to pay his mortgage under new standards Fannie Mae has laid out regarding the management of loans in danger of default.Fannie’s issuance of servicing standards this week is in compliance with the Federal Housing Finance Agency’s Servicing Alignment Initiative announced in late April to establish consistent mortgage loan servicing and management requirements for servicers acting on behalf of Fannie and Freddie Mac.

A series of housing finance reform proposals by a faction of House Democrats that calls for winding down Fannie Mae and Freddie Mac, preserving access to affordable mortgage loans and accurately pricing risk. among other things has received...

The Federal Home Loan Bank of Boston said it’s going to court to rescind the purchase of more than 100 mortgage securities for which the bank originally paid nearly $6 billion. FHLB Boston filed a complaint last week in the Department of Business Litigation Session of Suffolk County Superior Court based on the bank’s investments in certain private-label mortgage-backed securities issued by 115 securitization trusts for which the bank paid approximately $5.8 billion. “The Bank is…

The watchdog agency charged with overseeing the regulator of Fannie Mae, Freddie Mac and the Federal Home Loan Banks said it has numerous audits and evaluations of the Federal Housing Finance Agency in the pipeline.According to two separate but related reports by the Office of the Inspector General of the FHFA issued late last month, the FHFA-OIG is in the midst of a total of 17 ongoing or planned reviews of the Finance Agency.

Riskier single-family mortgages securitized by Fannie Mae and Freddie Mac in recent years remained a drag on earnings in the fourth quarter of 2010, forcing the two GSEs to go deeper in debt to the federal government. Fannie and Freddie lost...

Both Fannie Mae and Freddie Mac retained their ample role in mortgage-backed security market share during the first quarter of 2011, according to a new Inside The GSEs analysis. Both GSEs issued...[Includes one data chart]

The Federal Home Loan Banks should be transformed into a “wholly private structure” in order to defuse the potential systemic risk of incompatible public and private goals, the same conflict that helped usher the downfall of fellow GSEs Fannie Mae and Freddie Mac, argue...