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.
FHFA Director Bill Pulte sees himself as an advocate for the housing market. He said FHFA is working to increase the number of homes for sale. Details were scant on the effort and on potential GSE shifts.
FHFA directed the GSEs to end their SPCPs, prompting renewed concerns that the Trump administration could take further actions to limit special purpose credit programs in the mortgage market.
Nominations for leaders at CFPB, FHFA waiting for full Senate vote; loanDepot CEO Frank Martell to step down; newer digital lender receives investment from Progressive Insurance.
The Federal Housing Finance Agency in recent years has done a better job than Ginnie Mae in interagency planning for a hypothetical nonbank crisis, according to the Government Accountability Office.
FHFA must turn conservatorship directives into regulations before releasing the GSEs from conservatorship, according to former agency director Mark Calabria. But an explicit guarantee is unnecessary, he said.