Researchers say that, at any given credit score, the cross-subsidies inherent in GSE pricing favor higher-income borrowers over lower-income borrowers.
The FHFA director suggested the decision on whether to release Fannie and Freddie from conservatorship depends mostly on President Trump and Treasury Secretary Scott Bessent.
Although consistent rent payments over time are one of the best indicators of a borrower’s ability and willingness to repay a mortgage, GSE programs that exploit that information are woefully under-utilized.
Hearing scheduled for May 16 to analyze massive layoffs at CFPB; Fannie economists slightly lower forecast for mortgage rates; Horizon Bank sells warehouse unit for a profit.