Under the new guidelines, at least 50% of the multifamily loans that Fannie and Freddie purchase must be for affordable housing. That’s up from 37.5% under the prior caps.

Fannie and Freddie combined to issue $266 billion of single-family MBS in October, the third monthly production record set this year. Many top sellers shifted a little more of their GSE business to Freddie. (Includes two data charts.)

Could investors sink their money into the GSEs only to have Congress convert them into public utilities and closely supervise their g-fees?

Former MBA president David Stevens believes the adverse market fee has nothing to do with COVID-induced risk. “It’s about building up the capital of Fannie and Freddie,” he said.

On the multifamily side of the aisle Fannie purchased 385,763 units in the low-income category. Freddie did even better: 495,451.

The senator flagged the risk of improper foreclosures if servicers begin the foreclosure process before a borrower has an opportunity to either extend forbearance or be evaluated for a modification.

Freddie issued $6.4 billion of CRT in 3Q on $167.3 billion of single-family mortgages.

The FHFA director has proposed a new rule that would ensure stakeholders have a say when the GSEs consider new products or activities.

One of the few good things to come out of the COVID crisis is that the GSEs can push forward alternative ways of doing business.

Aaron Nielson said the high court’s recent decision in Seila v. CFPB actually supports his contention that FHFA’s structure is legitimate.