GSEs

The Federal Home Loan Bank of San Francisco has selected Greg Seibly to be its new president and chief executive starting May 12. He will take over from Dean Schultz who is retiring after 25 years at the helm of the bank.

Though parts of the country are still struggling to return to benchmark levels, many of the housing markets across the U.S. showed signs of improvement in February, according to Freddie Mac.

The Connecticut Housing Finance Authority intends to offer $189 million in tax-exempt bonds Tuesday to finance single-family mortgages.

Freddie Mac has revised downward its economic forecast for the remainder of 2016 following a tepid first quarter, but still remains upbeat about the housing market.

Purchases of new homes unexpectedly declined in March for a third month, reflecting the weakest pace of demand in the West since July 2014.

Fannie Mae has completed its latest Credit Insurance Risk Transfer transaction, the 10th deal since the program's inception in 2013.

Rates for the 30-year fixed-rate mortgage rose slightly last week, as recent figures showing an active home-sales market suggest homebuyers are taking advantage of current conditions, according to Freddie Mac.

Home prices rose 0.4% in February from the prior month, according to the Federal Housing Finance Agency, as job growth fueled demand for a scant supply of listings.

The recent proposal is less about fixing fundamental flaws in our mortgage finance system and more about finding a broadly acceptable path to resolving the current impasse in mortgage finance reform.

Michael Wilson officially assumed the titles of president and chief executive of the merged Federal Home Loan Bank of Des Moines on Monday, a little sooner than expected.