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OIG Maps FHFA’s 2023 Challenges

October 21, 2022
Dennis Hollier
FHFA must monitor model risk, people risk and resiliency risk at regulated entities, in particular at Fannie Mae and Freddie Mac.
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Smaller Lenders Call for FHFA’s Help on Tech Fees

October 21, 2022
Brandon Ivey
FHFA should address the fees charged by Intercontinental Exchange for use of the firm’s loan origination system, according to the CHLA.
Read More

FHLB Support for Low-Income Households Down in 2021

October 21, 2022
Dennis Hollier
Funding for affordable housing and community investment programs declined across the board as the FHLBanks’ profits waned in 2021.
Read More

Freddie to Implement Equitable Housing Finance Plan

October 21, 2022
Dennis Hollier
FHFA has allowed for expanded use of forward commitments to facilitate the development of more affordable housing.
Read More

GSEs to Publish Social Index Disclosures for Single-Family MBS

October 21, 2022
Namrata Bhatia
The disclosures are planned to begin in December.
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Coming Soon: Layoffs and Branch Closings at Finance of America

October 21, 2022
Paul Muolo
FoA recently sent a “branch offboarding information” form to all its branch managers, setting the table for large-scale cutbacks.
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Truist Mortgage Chief Moves On

October 21, 2022
Paul Muolo
Truist ranks 13th overall among originators based on first-half 2022 figures...
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This Year, CSBS Expects No LO Renewal Snafus

October 21, 2022
Sam Manas
The organization also increased the number of servers to 40 from just six last year...
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An Uptick in MBS Trading. Now, Let Us Pray

October 20, 2022
Paul Muolo
MBS trading bounced back in September to highs not seen since the spring. As for meaning, that’s a hard one. At the very least, newer higher yielding securities might be in short supply.
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Lawsuit Against Sprout Could Impede Whole-Loan Maneuvers

October 20, 2022
Paul Muolo
The saga of non-QM lender Sprout Mortgage continues. The now-defunct shop is the target of a new lawsuit filed by a warehouse lender. Meanwhile, Sprout is trying to place unsold whole loans.
Read More
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