The Biden administration’s fiscal 2024 budget request includes $61 million for Ginnie Mae; HUD proposes modernized flood mitigation standards; HUD reinstates 2013 discriminatory effects standard; HUD announces fair housing grants.

Most banks are better insulated than Silicon Valley Bank from duration risk in MBS and similar holdings, according to Federal Reserve Chair Jerome Powell. (Includes two data charts.)

It looks like the worst of the bank liquidity crisis could be over. And now questions are being asked: Why weren’t these banks hedged? And who bought their high-quality Treasuries and MBS?

Government home loan programs should find ways to bring banks back into the fold, Ginnie Mae President Alanna McCargo said.

For more than a year, almost all of the examination responsibilities for CSS have fallen on the shoulders of a single examiner at FHFA.

The failures of various banks shouldn’t have a significant impact on investors of MBS and ABS, according to rating services.

A more permanent shift to hybrid work models will lower loans’ cash flows and make lenders less interested in refinancing office loans, according to Moody’s.

SPS is the nation’s largest servicer of nonprime mortgage assets. It also happens to be an orphan. The company is owned by Credit Suisse, whose new owner, UBS, isn’t likely to keep it.

The economic impact of the Silicon Valley Bank collapse may serve as a substitute for future rate hikes.

First Republic Bank’s share price declined even after 11 big banks deposited $30 billion into the institution in a show of support. Western Alliance Bank has fared better, without coordinated support from other banks.