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In identical letters addressed to the boards of each enterprise, Bruce Berkowitz, managing member and chief investment officer of Fairholme Capital Management, urges the directors at Fannie Mae and Freddie Mac to “act in the best interests of each company and in accordance with accepted best practices for corporate governance.”

A new bill designed to reform the Consumer Financial Protection Bureau (CFPB) is on its way to the U.S. Senate after passing in the house. H.R. 3193 (the Consumer Financial Freedom and Washington Accountability Act) was created to bring more "accountability and transparency" to the agency, according to Rep. Sean Duffy (R-Wisconsin), the bill's sponsor.

LRES, a national provider of residential and commercial valuations and asset management for the mortgage, banking, credit union, and real estate industries, named Richard Cimino as SVP and executive advisor.

The median days on market for homes sold in 20 metros tracked by Redfin rose to 41 in January, the company reported—five days longer than in December. At the same time, however, the share of listings under contract within two weeks jumped to a quarter. “That uptick indicates that determined buyers are still keen to quickly make offers on the most coveted listings,” said Redfin researcher Troy Martin.

Origination numbers remained weak through the end of 2013, and the odds of a resurge in refinances boosting volumes don’t look great, either, according to Black Knight Financial Services (BKFS). “In January, we saw origination volume continue to decline to its lowest point since 2008, with prepayment speeds pointing to further drops in refinance-related originations,” said Herb Blecher, SVP of BKFS’ Data & Analytics division.

The new year didn’t bring any new trends in Fannie Mae’s Book of Business, which shrank at an annualized rate of 3.5 percent in January. While business was down, delinquency rates, too, kept declining. According to the GSE, the single-family serious delinquency rate dropped 5 basis points to 2.33 percent in January, while the multifamily serious delinquency rate was flat at 0.10 percent.

Days after the Conference Board recorded a downturn in consumer confidence, the University of Michigan and Thomson Reuters put out their own index, which suggested just the opposite. Surveys of Consumers’ Index of Consumer Sentiment picked up to 81.6 in February, a 0.5 percent month-over-month improvement and a gain of 5.2 percent year-over-year.

The Federal Housing Finance Agency (FHFA) announced the appointment of Egbert L. J. Perry as chair of Fannie Mae’s board of directors. Perry will replace the outgoing Philip A. Laskawy, who will step down at the end of March.

Think home inventory will see a big boost as owners gear up for the spring shopping season? Survey results from Redfin suggest otherwise. In a poll of more than 1,900 homebuyers across 22 major metro areas, the online broker found 39 percent of homeowners have plans to rent out their existing home after buying a new place—limiting the number of supply coming to the market.

Outstanding home finance balances increased for the third straight month in January, signaling what might be the start of a long-term resurgence in borrowing, Equifax reported in its most recent National Consumer Credit Trends release. “American consumers have shed more than $1.5 trillion in mortgage debt since the start of the financial crisis and only now seem interested in investing in housing again,” said Amy Crews Cutts, chief economist.