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Industry Wants Voice in Condo Eligibility Rules

June 23, 2023
Dennis Hollier
New guidelines for GSE condo and co-op lending requirements should be subject to public comment, trade groups argue.
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Automation Gets Attention in Market Slowdown

June 23, 2023
James Dohnert
Mortgage companies across the spectrum are looking for ways to reduce expenses. Automation and artificial intelligence might be a solution.
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Freddie Files $32 Million Suit Against Insurers

June 23, 2023
Dennis Hollier
Three providers of D&O insurance refuse to pay legal costs associated with a financial crisis-era SEC investigation into Freddie underwriting and risk-management controls for troubled MBS.
Read More

Rising Costs Lock Out First-Time Homebuyers

June 23, 2023
Monica Hogan
Median monthly home payments have jumped from $2,200 in January 2022 to $3,000 in March 2023, Harvard’s Joint Center for Housing Studies reports.
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SCOTUS Rejects Chance to Hear Shareholder Argument

June 23, 2023
Dennis Hollier
By declining to hear the case of Rop v. FHFA, the Supreme Court effectively shut down shareholder hopes of ending the net worth sweep based on the constitutionality of the appointment of FHFA’s director.
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Federal DPA Programs Could Narrow Racial Gap

June 23, 2023
Monica Hogan
Downpayment assistance is a “tried and true” way to help those without generational wealth. But state programs tend to run out of funds early in the year.
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OIG: FHFA Not Monitoring Transportation Benefits

June 23, 2023
Dennis Hollier
The FHFA either did not conduct, or could not document having conducted, 61% of its required parking permit inventory checks between 2019 and 2022.
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Fannie Transfers $789M in Risk in Latest CIRT Deals

June 23, 2023
Dennis Hollier
The transactions are sub-brokered by a new partner for the GSE, a minority-led reinsurer.
Read More

Economists Debate Impact Climate Change Has on MBS

June 22, 2023
Dennis Hollier
The rounding of home prices in HMDA data complicates the calculation of whether loans below the conforming loan limits are more likely to be securitized into agency MBS in areas affected by climate change.
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Minimal Issues Expected in LIBOR/SOFR Transition

June 22, 2023
James Dohnert
Most impacted securities have already made the transition from the London Interbank Offered Rate. S&P expects the LIBOR Act will minimize the risk on the remainder.
Read More
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