It's Official: Ginnie Loosens Capital Standards for Credit Unions August 15, 2022 Monica Hogan Meanwhile, a senior Ginnie official said the agency will have more to say about capital requirements for nonbanks in the very near future...Read More
Ginnie Default Rate Rises to 4.17% in 2Q22 August 15, 2022 Namrata Bhatia At midyear, 806,884 mortgages backing MBS issued by the GSEs and Ginnie were delinquent...Read More
A New Twist on Mortgage Fraud? Apparently So... August 15, 2022 Dennis Hollier The first hint of this false identity scheme came through a tip to the SFFR team...Read More
FHFA Requiring Servicers to Retain Fair Lending Data August 12, 2022 Dennis Hollier Beginning in March 2023, GSE servicers will have to retain fair lending data. FHFA set the requirement, citing lessons learned during the pandemic.Read More
Former Fannie Chair Pushes for End of Conservatorship August 12, 2022 Dennis Hollier Sheila Bair, who resigned as Fannie board chair earlier this year, said the GSEs are ready to exit conservatorship.Read More
Strong Stress Test Results for Fannie and Freddie August 12, 2022 Dennis Hollier The GSEs earned a combined $20.5 billion in theoretical net income under the severely adverse economic scenario of the 2022 stress tests. But those returns would vanish if they had to reserve for deferred tax assets.Read More
Limited Interest in Freddie’s STACR Tender Offer August 12, 2022 Dennis Hollier The latest Freddie tender offer attracted less interest, with investors cashing in fewer certificates than for previous offers.Read More
Fannie Picks Cissy Yang as New Chief Audit Executive August 12, 2022 Dennis Hollier The former Credit Suisse executive will replace J. Douglass Watt, who is retiring in November.Read More
Freddie Warns of New Mortgage Fraud Scheme August 12, 2022 Dennis Hollier Mortgage fraud has gone beyond borrowers simply falsifying income and employment information.Read More
FHFA Firms Up Leadership Teams at Key Divisions August 12, 2022 Dennis Hollier The regulator of the GSEs rejiggers its leadership team, firming up supervision of its Divisions of Housing Mission and Goals and Bank Regulation.Read More