FHFA and its Office of Inspector General both missed the Bureau of Fiscal Service’s faulty calculation of the agency watchdog’s yearend payroll liability.

The Federal Housing Finance Agency last week joined the OCC, FDIC and NCUA in reproposing a rule that will prohibit incentive-based compensation agreements.

FHFA has appointed Luis Campudoni chief information officer and Mary Peterman as chief financial officer.

Some 13.8% of the total number of applications for conventional-conforming mortgages submitted last year were denied, compared to 14.3% in 2022. Denials for refinances jumped. (Includes data table.)

The Federal Reserve, FHFA, large banks and the GSEs are all struggling to model the future impact of climate change, both on their specific businesses and on the broader economy.

Rocket and A&D Mortgage have developed new AI solutions, and plan to offer more automation tools in the coming months.

Income and employment data verification provider Argyle believes verification waterfalls can help lenders save time and money during the loan origination process.

Researchers at the Federal Reserve Bank of New York tracked the recovery of borrowers who foreclosed in 2008 and borrowers with similar characteristics but who did not foreclose.

Congress should consider legislation to allow Ginnie Mae to expand its pass-through assistance program to give nonbanks a liquidity backstop, according to the Financial Stability Oversight Council.

The new requirements under FINRA 4210 will apply to trades in the to-be-announced market as well as other agency MBS positions.