By the end of 2025, FHFA expects Fannie and Freddie to implement the use of FICO 10T and Vantage 4.0 into the mortgage process. Industry participants can expect a lot of hand-holding along the way.

FHLBank treatment of collateral may be inhibiting development of affordable housing, industry stakeholders told FHFA in comments.

Based on the success of payment deferrals during the COVID-19 emergency and feedback from industry, FHFA has made the option a key part of loss mitigation for the GSEs.

FHFA, a member of the PAVE task force, provided the bulk of the appraisal data that the task force will use for oversight, enforcement and research.

In order to have a return on capital sufficient to attract private investors, the GSEs would have to charge g-fees of about 76 basis points, according to former Freddie CEO Don Layton.

Private insurers will assume the credit risk on up to $926 million in mortgage losses.

As is so often the case with efforts to improve institutional diversity, progress on inclusiveness at FHFA has been mixed.

Loans sales by banks and thrifts outpaced originations of mortgages marked for sale for the third consecutive year in 2022. The sales boom looks to be coming to an end as loans held for sale dwindle. (Includes two data charts.)

Sale chatter has been following Home Point and its MSRs for several months now but with no deal in hand. Still, a resolution could be moving closer.

Three regional banks failed recently due partly to interest-rate risk. To avoid the same fate, mortgage companies of all stripes are being pushed to give up some profits to manage interest-rate risk.