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.

As of the end of August, eight individuals had either been indicted or charged in criminal complaints related to PPP fraud.

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.

Sheila Bair, when she served as FDIC chair, played a major role in strengthening capital standards through the Basel Accords.

Fannie released a table listing 1,221 pools that were impacted by a servicer reporting error.

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

The enterprise said 544 loans from uniform MBS pools and 677 loans from mega/super pools were erroneously liquidated due to a servicer’s error. Investors in the securities have the option to pursue claims.

While Fannie began accepting single-family SOFR-indexed ARMs in Au-gust, it stopped taking LIBOR-indexed mortgages at the end of September. By the end of the year, the enterprise will no longer issue LIBOR-linked MBS.

A federal judge found that the government’s failure to provide evidence in a timely manner violated the defendants’ constitutional right to a speedy trial. But the case was dismissed without prejudice.