According to the CFPB’s own estimate, as many as 957,000 loans would be affected by the expiration of the patch.

Still, Rep. Maxine Waters (D-CA), chair of the House Financial Services Committee, urged the Federal Housing Finance Agency to kill the LLPA outright.

Models using the most likely assumptions about retained earnings, capital requirements and expected returns suggest the GSEs would have unsuccessful public offerings.

The FHFA, which serves as the regulator and conservator of the GSEs, lacks the authority to supervise Fannie’s and Freddie’s third-party cloud service providers.

After the comment period on the re-proposed GSE capital rule closes, the FHFA will hold “listening sessions” allowing stakeholders to elaborate on their comments.

Freddie originally planned to issue a $550 million STACR, but then increased the offering size to $1.1 billion due to investor demand.

The first-of-its-kind MBS backed by single-family homes that are energy efficient has been endorsed by Cicero Shades of Green.

Signs of life in the servicing sales arena? A little bit of late, but don’t bet the farm on it.

MBA President Bob Broeksmit argues that the new LLPA “flies in the face of the administration’s recent executive actions urging federal agencies to take all measures within their authorities to support struggling homeowners.”

Extending the GSE patch until six months after the new QM rule goes into effect would give market participants adequate time to prepare, and minimize the number of loans impacted by the change.