The FHFA watchdog said the Division of Home Loan Bank Regulation should provide more explicit guidance on how the FHLBanks coordinate with other regulators.
CMBS collateral saw $842.6 million in new appraisal reduction amounts in the first six months of this year and may double the 2023 total by yearend, putting pressure on recoveries.
Fannie Mae and Freddie Mac issued a combined $2.34 billion in CRT securities, excluding reinsurance deals, in the second quarter. That was down 18.0% from the first quarter.
For the sixth straight quarter, CAS issuance at Fannie Mae exceeded STACR issuance at Freddie Mac. Overall CRT issuance by the GSEs was down 18.0% in the second quarter. (Includes data table.)