Treasury claims the GSEs’ unfair advantage is because of their capital treatment. Urban Institute researchers say it’s because of the government backstop of their credit risk.

Freddie Mac CEO David Brickman said the GSE has changed, exponentially, in its ability to understand and analyze risk.

Freddie prices more than $2.8 billion in multifamily K-deals; Fannie prices $998 million CAS REMIC.

Fannie Mae last week announced it completed a multi-tranche credit-insurance-risk transfer transaction covering an astonishing $11.7 billion worth of multifamily loans held in portfolio.

To paraphrase Mark Twain: Rumors of HARP’s death have been greatly exaggerated. At least that’s the finding of a recent report by structured finance analysts at Bank of America Merrill Lynch who looked the impact similar programs will have on the GSEs’ credit-risk transfer programs.

Freddie Mac last week announced the creation of its latest vehicle for credit risk transfer — the Multifamily Credit Insurance Pool.