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Industry: Capital Requirements for GSEs Too High

August 17, 2023
Dennis Hollier
Responses to FHFA’s RFI on GSE pricing almost unanimously condemn the capital requirements put in place by former Director Mark Calabria.
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GSE Shareholders Prevail in Net Worth Sweep Trial

August 17, 2023
Dennis Hollier
A jury in the U.S. District Court for the District of Columbia this week handed GSE shareholders their first major win in their effort to recover some of their investment in Freddie and Fannie stocks.
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Unexpected Home Price Growth Boosts GSE Earnings

August 3, 2023
Dennis Hollier
Fannie and Freddie both shifted from a provision for losses in the first quarter to a benefit in the second. Almost all of that improvement took place in the enterprises’ single-family businesses.
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Berkley v. FHFA Heads Back to Court

August 3, 2023
Dennis Hollier
Plaintiffs’ attorney Hamish Hume said he’s optimistic shareholders can persuade a DC jury that FHFA and the Treasury violated shareholders’ contractual rights when they agreed to implement the net worth sweep in 2012.
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UI Calls for FHA, GSEs to Partner on Mortgage Access

July 27, 2023
Monica Hogan
The Urban Institute wants Fannie and Freddie to view FHA as a partner and share their data and underwriting models to assist in FHA’s mission.
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Translating Mortgage Documents Lowers Rates for LEP Borrowers

July 20, 2023
Dennis Hollier
After FHFA required the GSEs to provide translated mortgage documents, limited English proficient borrowers’ experiences improved, new research shows.
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FHFA Proposes Tougher Suspended Counterparty Rules

July 13, 2023
Dennis Hollier
FHFA wants the authority to suspend counterparties that have been sanctioned by other federal or state regulators. The agency argues that the outcomes of certain civil actions are analogous to criminal convictions.
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Industry Needs More Time, Data for Credit Score Shift

June 29, 2023
Dennis Hollier
A broad coalition of industry groups say FHFA’s current timeline is too short for the scale and complexity of the transition.
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Lenders Meh About Bill Reversing LLPA Changes

June 29, 2023
Dennis Hollier
It got 14 votes from House Democrats, but the Republican-sponsored Middle-Class Borrower Protection Act is unlikely to make it to the Senate.
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FHFA Faces Pushback on Fair Lending Proposal

June 29, 2023
Sam Manas
The Federal Housing Finance Agency’s proposal to codify its fair lending oversight of the GSEs is rife with redundancies, some say.
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