A Senate hearing on Fannie Mae and Freddie Mac pilot programs is back on the schedule for the lame-duck session of Congress following the elections next month.
Fannie Mae and Freddie Mac said it’s critical that the mortgage industry prepare now to implement both the Uniform Mortgage Data Program and the single security next year.
As the White House continues looking for the right candidate to head the Federal Housing Finance Agency, industry trade group officials and stakeholders have come to the conclusion that the days of new “pilot” programs for Fannie Mae and Freddie Mac may be over.
While the FHFA has proposed a formal rulemaking on GSE capital, the current standard known as the conservatorship capital framework has not been made public…