GSEs

The council created by the Dodd-Frank Act to identify systemic risks launched a review of the market as part of an activities-based approach that shifts focus away from targeting individual firms.

B. Riley FBR raised its ratings for both Fannie Mae and Freddie Mac to sell from neutral on the possibility the net worth sweep is declared illegal.

A more than $5 billion offering going up for bid is one of the first large transactions seen since the coronavirus complicated trading.

A significant number of plans that expired at the end of June were not renewed, Black Knight said.

The high court ruled June 29 that the structure of the Consumer Financial Protection Bureau violated the separation of powers.

As the coronavirus created uncertainty for the housing market, underwriting standards tightened further in June.

Guarantee fees became the main source of revenue for government-sponsored enterprises during conservatorship, and reverting to a private stockholder model could create a need for more revenue.

The $38.7 billion of equity withdrawn during the period was down 8% from the fourth quarter.

The mortgage insurer is receiving $528 million of coverage in the event of defaults in a $44 billion loan pool.

Legal experts say it is now more likely that the Supreme Court will strike down the single-director governance framework for Fannie Mae and Freddie Mac’s regulator.