On Friday, just two days before the Congress recessed for the holidays, House Committee on Financial Services Chairman Jeb Hensarling, R-TX, surprised industry observers by holding the long-delayed hearing on his pet project, “The Bipartisan Housing Finance Reform Act of 2018.”
Repurchases of GSE loans by Fannie Mae and Freddie Mac sellers continued to decline in the third quarter, though the pipeline of unresolved buyback demands ticked higher. [Includes one data chart.]
After several years of deliberations on how Fannie Mae and Freddie Mac use credit scores, the Federal Housing Finance Agency last week proposed a new rule on how the government-sponsored enterprises would consider new scoring methods.