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OIG Adds GSE Multifamily Risk to Concerns for FHFA

October 18, 2024
Dennis Hollier
The list of challenges facing FHFA include the GSEs’ multifamily business, the Office of Inspector General said in a new report.
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Second Insurance Firm Settles With Freddie on D&O Claims

October 18, 2024
Dennis Hollier
AXIS Insurance became the second entity to settle in a Freddie lawsuit alleging that some D&O insurance providers refused to properly reimburse the GSE for legal expenses incurred during the 2008 crisis.
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Meridian Capital to Exit the GSE Doghouse, But Restrained

October 18, 2024
Dennis Hollier
Freddie will begin accepting Meridian-brokered multifamily loans Jan. 1. However, the company will be subject to stricter due diligence.
Read More

FHFA Posts Price Data for Manufactured Homes

October 18, 2024
Dennis Hollier
FHFA created a new home price index based on GSE mortgages for manufactured homes.
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GSE Capital Markets Teams Pick Up the Pace

October 18, 2024
Dennis Hollier
Both Fannie and Freddie continue to sell off NPLs and RPLs, in keeping with directives from FHFA to reduce the size of their portfolios.
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Rehashing the GSE Conservatorship Debate

October 18, 2024
Dennis Hollier
The GSEs should be liquidated through receivership, according to a new proposal from Norbert Michel, the director of the Cato Institute’s Center for Monetary and Financial Alternatives.
Read More

FHLBanks Expand Mission-Related Activities

October 18, 2024
Dennis Hollier
Affordable housing funding by the Federal Home Loan Banks spiked in 2023, according to a new report from the FHFA.
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Outsourcing Providers Pitch Their Services as Originations Increase

October 18, 2024
James Dohnert
Outsourcing mortgage fulfillment services could be a cost-effective way for originators to increase volume without significantly adding staff.
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Quality Control Defects on GSE Loans Have Evolved

October 18, 2024
Dennis Hollier
Six of the top 10 significant defects in loans acquired by Fannie Mae in the first quarter of this year weren’t on the list in the last quarter of 2023. Income calculation, though remained at the top of the list.
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Rocket Avoids Class Action on Earnings Comments

October 18, 2024
Brandon Ivey
A court recently ruled that the fall in Rocket’s stock price following the release of first-quarter 2021 earnings was driven by substantive disclosures rather than public statements by the company’s CEO.
Read More
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