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Congress May Have a Say in FHLB Reforms

September 9, 2022
Dennis Hollier
FHFA is expected to produce a long list of recommended actions to modernize the FHLBank system, but large-scale reform will probably require legislation.
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Big Names Due to Testify in Fairholme v. FHFA Trial

September 9, 2022
Dennis Hollier
Unsealed documents in the pre-trial filings for Fairholme v. FHFA reveal the names of prominent witnesses expected to testify in the October jury trial.
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OIG Says FHFA Web Security Doesn’t Meet DHS Standards

September 9, 2022
Dennis Hollier
Some of the agency’s websites and web services do not use proper security protocols, leaving them vulnerable to cyberattacks.
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Lenders Ponder Options for MSRs Amid High Values

September 9, 2022
Dennis Hollier
MCT and Freddie Mac experts discussed the strategies of managing MSR assets. While some firms are interested in the best financial deal they can get, others are focused on retaining clients.
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Freddie Reports String of CRT Issuance Records

September 9, 2022
Dennis Hollier
A big first half of CRT activity brings Freddie’s total issuance to date to nearly $100 billion covering single-family mortgages with an original balance of more than $3.5 trillion.
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Changes Contemplated for Chattel Loans and GSEs

September 9, 2022
Dennis Hollier
Urban Institute researchers said the reliance on personal loans to finance manufactured housing adds to inequity in affordable housing.
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Millennials Face High Barriers to Homeownership

September 9, 2022
Monica Hogan
Inflationary pressures and limited housing supply are making it difficult for millennial and Gen Z renters to afford first-time homeownership.
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Fannie to Enhance CRT Disclosures

September 9, 2022
Dennis Hollier
New enumerators will go into effect in CRT remittance files and loan performance data Oct. 25.
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Cash-Offer Fintech Reali Closes

September 9, 2022
Sam Manas
The fintech that promised to smooth out borrowers’ home transitions with cash offers and “sell before you buy” financing has shut shop, citing market conditions and difficulty raising capital.
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Grapevine: Home Prices Decline; Foreclosures Increase

September 9, 2022
Brandon Ivey
Home prices depreciated in July; foreclosure starts near pre-pandemic levels in August; mortgage rate locks continued downward trend in August; applications for mortgages on second homes fall to pre-pandemic levels; Experian allowing renters to boost their credit scores.
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