Rate-term transactions, the bread-and-butter of the refi market, declined 33.6% in May. GSE purchases of cash-out refinances fell 18.1% from April.

The lender bulletin was released last week and got little notice. It’s effective for mortgages with settlement dates on or after July 1, 2021.

The compensation calculus at the GSEs dates back to 2012. FHFA wants to know if it’s time to change that.

A recent report from the Congressional Research Service suggests that it may be difficult to simultaneously raise the capital requirements for the GSEs and shrink their footprint, and still expect them to attract equity investors.

Perhaps the lone Democrat in the Trump administration, Phillips believes the nation needs both Fannie and Freddie...

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However, the group did post a 1.9% increase in its investment of non-agency MBS, boosting aggregate holdings to $7.07 billion.

In an interview with Inside Mortgage Finance, CampusDoor Chief Executive Officer Steve Winnie declined to say exactly what the new rate might be, but offered up this ray of hope: “We’ll be competitive.”

Most of the industry's big increase in first-quarter repurchases came from USAA Federal Savings Bank. (Includes data chart.)

The Trump-era CFPB maintained that self-reporting is responsible business conduct. But is it a prudent move? Attorneys weigh in.