More than 13,000 residents have established a credit score for the first time due to the pilot program.

The proposed rule would require mortgage originators to adopt policies and procedures to ensure automated valuation models protect against manipulation of data and ensure confidence in the appraisal estimates.

Some experts expect MSR trading to top $1 trillion in each of the next three years, surpassing the approximately $900 billion traded in 2022.

The Appraisal Subcommittee’s second open meeting focused on how appraisal methods might introduce biases to the valuation process.

At a congressional hearing this week, the FHFA director faced four hours of questioning, including queries on the recently rescinded proposed fee based on a borrower’s DTI ratio.

FHFA is seeking input on the GSEs’ capital framework, which has major ramifications for pricing policies. According to the FHFA, Fannie and Freddie aren’t generating sufficient returns from their single-family business.

A House subcommittee’s hearing this week focused on loan-level price adjustments set for the GSEs. While Republicans raised concerns with recent LLPA changes, Democrats defended the changes.

The Mortgage Bankers Association has raised concerns about GSE pricing for third-party originations in a comment letter to FHFA as the agency undertakes changes to its enterprise regulatory capital framework.

The Federal Housing Finance Agency has withdrawn the controversial fee the GSEs planned to charge based on a borrower’s debt-to-income ratio.

With volumes at lows not seen since before the Great Financial Crisis, Fannie and Freddie continue to turn in steady profits.