The FHFA director’s social media posts echo President Trump’s criticism of the chair of the Federal Reserve for not lowering rates quickly enough.

FHFA’s efforts to monetize the securitization platform of the GSEs may provide entre to Wall Street banks and other competitors.

New standards tied to Bank Secrecy Act; UCD testing environment; servicing updates planned; Pulte makes crypto announcement; DeVito surfaces at NVR.

FHFA's director ordered Fannie and Freddie to develop proposals for including cryptocurrency in borrower reserves when underwriting mortgages.

Fannie and Freddie both issued sellers guide updates alerting lenders to upcoming changes to UAD 3.6 and URAR. Other updates affect quality control procedures, measurement standards and attorney fees.

In a random sample of loans, Fannie found that undocumented rental income was the most common initial loan defect. Among loans more likely to have defects, “undisclosed liabilities” jumped to the top of the list.

In keeping with the rest of the Trump administration, FHFA has significantly reduced public visibility into its policy and actions since Bill Pulte took over as the agency’s director.

The names of most of the members of the leadership team responsible for the activities covered in the report are no longer listed among the agency’s key management officials.

Roughly 75 of the 675 significant recommendations that the OIG has made to FHFA remain open. The oldest dates from early 2021.

The Mortgage Bankers Association has suggested the FHFA end its tri-merge process, replacing it with a single credit report rather than the bi-merge model as currently planned.