Wells Fargo Securities analysts said if there is going to be a hike in g-fees, it’s likely to be instigated by FHFA Director Mark Calabria.

The new products will allow Fannie to shed some of its credit risk and also reduce the amount of capital it has to hold against these loans.

Even as the percentage of GSE high-DTI loans fell, an odd thing happened: The actual dollar volume of these assets surged.

While the SCOTUS is still to decide on the CFPB’s fate, the Fifth Circuit Court of Appeals ruled the bureau is constitutional. FHFA implications.

According to the FHFA IG, the agency is still not adequately staffed to assess the safety and soundness of Fannie and Freddie.

Over the past six weeks, Freddie has issued eight multifamily offerings totaling $6.1 billion, and Fannie more than $10 billion.

Prior to the 2008 housing crisis, the supply of new housing units dipped below 1.25 million only once, in 1982. Following the crisis, the supply didn’t rise above 1.25 million until 2017.

Since the financial crisis, the Fed’s main policy tool has been to lower interest rates by purchasing Treasuries and agency MBS. However, with rates on these securities at record lows, this strategy may no longer work.

Freddie has priced in excess of $8 billion in multifamily CRT so far in 2020 while Fannie has added more than $10 billion of MCIRT.

The industry has once again written to Congress requesting that guarantee fees be used only as originally intended: as a critical risk management tool to protect against potential mortgage credit losses.