Industry participants favor a proposal from the Federal Housing Finance Agency to repeal fair lending oversight of Fannie, Freddie and FHLBanks. Consumer advocates, meanwhile, were sharply critical.
Michael Hutchins agrees to extend term at Freddie; new general counsel at Freddie; senator seeks answers on FHLBank reform efforts; former FHFA chief operating officer loses appeal.
Some lenders announced increases in their conforming loan limits before an official announcement from the Federal Housing Finance Agency for 2026 limits.
Many efforts started during the Biden administration won’t move forward. But servicing reforms are still in the works at the CFPB. And the bureau is considering major changes to LO comp.
The GSEs look to follow in the footsteps of a handful of non-agency lenders by considering cryptocurrency holdings when underwriting mortgage borrowers. The impact on the mortgage market remains unclear.
Advocates for GSE reform offered the Trump administration some useful guardrails to consider as it plots ending the conservatorships of Fannie and Freddie.
Bill to limit trigger leads passes in House; Fannie economists see higher interest rates; home prices decline in April; HUD on the move; FHFA directs GSEs to propose using cryptocurrency in calculations for mortgage applicant’s reserves.
FHFA Director Bill Pulte plans to announce actions that will address the costs associated with credit scores. Mortgage trade groups are providing feedback, hoping to shape the effort.