Executive-wise, Fannie has taken a bigger hit than Freddie...

The Federal Reserve reported that single-family mortgage debt outstanding rose 4.3% in 2020 to $11.666 trillion. Of that total, $8.104 trillion, or 69.4%, was committed to mortgage securities.

Grier will remain as a director, though he’ll abstain from committee work. He’ll also receive the standard CEO base salary of $600,000...

The FHFA based its 30-day liquidity requirement on the coverage ratio used by bank regulators.

But the rule change that has generated the most confusion is one that limits acquisitions of loans secured by investment properties or second homes. One bugaboo: the start date.

As a result, the four board members appointed by Fannie and Freddie are now outnumbered by the five named by the FHFA.

The record $114.44 billion total for Fannie, Freddie and Ginnie represented a 33.7% gain from the third quarter.

In the first quarter, 52% of lenders said they believe their margins will decrease...

Fannie was quick to point out that borrowers harmed by the pandemic receive temporary payment forbearance, which is different from principal forbearance.

According to FHFA’s own performance and accountability reports, the number of employees at the agency grew from 609 in 2019 to 635 in 2020. More tellingly, FHFA has budgeted for an additional 113 employees in 2021.