An FHFA-OIG report suggests underwriting for the current wave of cash-out refinances is much better than in previous cycles.

The CFPB and the FHFA are no longer quasi-independent agencies insulated from the whims of the White House.

Reporting and reimbursement procedures are expected to change immediately at the government-sponsored enterprises.

The key concern among the industry is the GSEs’ reliance on loan-to-value ratios and debt-to-income ratios. They recommend Fannie and Freddie develop alternative underwriting criteria for low-income borrowers.

For months, the FHFA was working on a new capital regime for Fannie Mae and Freddie Mac. Few were even aware of the exercise. But now it’s here.

Assessing the legacy of former FHFA Director Mark Calabria: Did he do more harm than good? All depends on your line of business.

The plans will focus on reducing the racial and ethnic homeownership gap and helping to mitigate underinvestment and undervaluation in previously redlined neighborhoods.

A risk-based capital regime could be in the works for Fannie and Freddie, though some GSE watchers suggest the whole exercise could be in flux. Meanwhile, Wells Fargo has a new servicing chief, Ann Thorn from Caliber Home Loans.

Despite protests that existing yield maintenance protects investors from prepayment risk on agency CMBS, FHFA directed the Federal Home Loan Banks to limit their exposure.

Increases in credit-related income, due to improving economic conditions, are offset by declining margins and fair value losses.