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Other News in Brief

February 3, 2025
Shannon Clark
MBA calls for nonbank registry delay; bureau fines remittance company; bureau sues Draper & Kramer for redlining; Pennsylvania AG sues mortgage brokers over kickback scheme.
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Treasury's Bessent Named Acting CFPB Director as Chopra Departs

February 3, 2025
Shannon Clark
In his departure letter, Chopra said he knows the CFPB is "ready to work" with President Trump.
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Bessent Provides Limited Insight on Plans for GSEs

January 31, 2025
Dennis Hollier
Responding to written questions from the Senate Banking Committee, Trump’s new Treasury secretary gave the mortgage industry limited insight into his views on GSE reform.
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GSE Reform Efforts Face Practical Obstacles

January 31, 2025
Dennis Hollier
While the Trump administration wants to end the conservatorship of Fannie Mae and Freddie Mac, there are numerous roadblocks.
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Lenders Support Pulte; Housing Advocates More Guarded

January 31, 2025
Dennis Hollier
Trump’s nominee for FHFA director has drawn strong support from some quarters, but also some reservations.
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McCargo Abruptly Leaves FHLB-SF CEO Position

January 31, 2025
Dennis Hollier
Alanna McCargo this week stepped down as CEO of the San Francisco bank without public explanation, seven months into the role.
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GSE Multifamily Volume Below Cap for 2024

January 31, 2025
Dennis Hollier
Although FHFA lowered the 2024 multifamily volume caps for Fannie Mae and Freddie Mac from $75 billion to $70 billion, enterprise financing in the sector didn’t reach that level.
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Major Cost-Savings Possible Through Fannie Title Pilot

January 31, 2025
Dennis Hollier
Allowing the GSEs to purchase loans without requiring borrowers to purchase title insurance could save consumers as much as $96 million a year, according to a new analysis.
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Freddie Mac Unveils New Portal for Single-Family

January 31, 2025
Dennis Hollier
No more tabbing back and forth between Loan Advisor and Servicing Gateway to find the tools you need. All Freddie’s single-family technology will now be available through its new Gateway portal.
Read More

FHFA Must Do More to Meet DHS IT Standards

January 31, 2025
Dennis Hollier
OIG finds that the FHFA IT team failed to document changes to its procedures for responding to binding operational directives from the Department of Homeland Security.
Read More
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