Profits of $34.29 billion in 2021 will suffer in 2022 as both amortization income from refinances and benefits for credit losses ebb. (Includes data chart.)
The regulator has amended the capital rule to improve the capital treatment of credit-risk transfers and reduce the size of the leverage buffer for the GSEs.
Mortgage industry stakeholders welcomed Sandra Thompson’s nomination, touting her achievements in her current role as acting director of the Federal Housing Finance Agency.