The new guidance relies on an “activities-based” approach to identifying the risks a nonbank may pose to the financial system.

Industry veteran Anthony Renzi is the new CEO.

After the FHFA director left the stage at a Federalist Society event, a panel of housing experts took issue with almost every facet of the Trump administration's plan.

A new report allays concerns that a recent request for input from the regulator regarding pooling practices was an indication that something was amiss.

Layton notes that in the first full quarter under the new UMBS regime the Freddie discount fell to just 1 basis point, 80% off its historic average, and dramatically lower than the 10 bp gap in 1Q19.

The share of QM patch loans at the GSEs — that is, loans exceeding 43% DTI — has dropped dramatically in the past year.

The NPL sold by the enterprises had an average delinquency of three years and a loan-to-value ratio of 92%. Fannie accounted for 78,281, or two-thirds, of these sales between Jan. 1 and June 30.

The Center for Responsible Lending says about two-thirds of the g-fee that people pay goes to paying investors for locking up that capital.

To back up his claims, the FHFA chief cited statistics on loan acquisitions by Fannie and Freddie over the past eight months.

The key factor for TBA investors is prepayment speeds. A quick scan of the FHFA data show that the conditional prepayment rates for UMBS issued by Fannie and those issued by Freddie have remained comparable since the launch of the single security in June.