There’s some skepticism regarding how quickly the FHFA and Treasury might act in 2020…

Meanwhile, when it comes to the top seller/issuers, Quicken Loans was not too far behind market leader Wells Fargo: $126.9 billion to the megabank’s $132.4 billion…

Any new offering of stock by the GSEs likely won’t commence until 2021, though the situation is fluid...

New MBS production was up 32.0% from 2018 as an unexpected wave of refinancing business continued to pour into the secondary market.

The Layton paper also considers Treasury’s roughly $240 billion of senior preferred equity in the GSEs…

The dollar volume of purchase-loan deliveries declined across all nine risk categories, with the biggest drop taking place in the highest-risk bucket.

The CMLA and the others stressed the commitment of FHFA and Treasury to housing-finance reform should be followed by urgent action.

Based on current prices, Fannie has a current market capitalization rate of just $3.5 billion, Freddie $1.9 billion.

In 2018, first lien originations totaled $1.63 trillion. For 2020, $1.9 trillion to $2.0 trillion seems like a reasonable number. The key, as always, will be interest rates…