Not a total surprise, but the central bank hiked short-term rates by 75 basis points this week. Mortgage rates hardly budged but residential finance professionals are worried about the quarters ahead. Meanwhile, more lenders are heading for the exits.

Fannie, Freddie and Ginnie saw a modest 4% increase in purchase-mortgage business during the third quarter, not nearly enough to offset the ongoing collapse in refinance activity. (Includes two data charts.)

In what is likely to be the last legal wranglings in Fairholme v. FHFA before its long-awaited jury trial begins, Judge Lamberth dealt Fannie/Freddie shareholders a modest defeat.

Appraisal professionals accused the GSE of using unsigned, boilerplate complaints when referring appraisers to state boards for disciplinary action.

The private pow-wow revealed broad agreement between government, industry and advocacy groups on how to deal with the nation’s affordable housing shortage.

Treasury and FHFA motions for dismissal could be the last gasp in the most prominent shareholder lawsuit challenging the net worth sweep.

The mortgage giant will assess lender quality control by comparing the defect rates reported by lenders with its own data on the same loans.

Ginnie spreads over Treasuries have widened in the wake of the newly announced capital and liquidity requirements for nonbank servicers.

Agency seller/servicers have a new set of net worth requirements to adhere to. The good news: The final language is close to what was originally proposed.

The GSEs will now focus on the percentage of multifamily units that meet affordability standards rather than the actual number.