It’s unclear, though, how this stratagem would simplify the “recap and release” of the enterprises.

Rithm on Monday closed an $878 million debt sale, this one collateralized solely by MSRs.

Freddie President Michael Hutchins will step in as interim CEO.

Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.

Analysts worry that FHFA’s more hands-on intervention in GSE management may hint at the return of the net worth sweep and the dashing of any hopes of an end to the conservatorships.

Plaintiffs in Berkley Insurance v. FHFA may finally receive a $612.4 million jury award granted in August 2023.

Among other moves, Bill Pulte installed himself as board chair for the two government-sponsored enterprises.

Three former CEOs of the GSEs this week debated the impact of federal conservatorship, what steps must be taken to safely end the oversight and what the GSEs should look like afterwards.

Christopher Stanley, a security engineer at SpaceX, is the first member of Elon Musk’s Department of Government Efficiency to join a GSE board.

The bulk of the February issuance, 53.9%, came from Freddie.