The mortgage industry is already governed by extensive regulations, lenders said in comment letters filed with the CFPB.

Fannie joins Freddie in accepting attorney title opinion letters instead of title insurance. Industry observers said the new option will mostly impact refinances, not purchases.

Although Fannie Mae and Freddie Mac are animals of the secondary market, the FHFA director said they have programs that can increase the amount of housing available.

Senators have raised concerns over the lack of transparency in the FEMA program’s risk-mitigation calculations.

Fannie Mae and Freddie Mac purchased fewer mortgages for mission-based multifamily lending in 2021. And this year their housing goals are even higher.

According to Nelson Mullins attorneys, the DOJ is conducting statistical analyses on HMDA loan application register data to unearth potential fair lending violations.

Mortgage professionals generally approve of the plan, but say more changes are needed to expand access to credit.

By punting on this GSE case, the appeals court effectively ends shareholders’ constitutional and Administrative Procedures Act claims. Now, all eyes turn to a breach of contract battle in district court.

The choice between FICO, VantageScore or using both has implications for both originators and the secondary market.

Regulatory oversight of nonbank mortgage lender/servicers has increased in recent years, but most of the actions have been uncoordinated. In the latest move, FHFA proposed financial standards for GSE seller/servicers.