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FHLBanks Urged to Spend More on Affordable Housing

August 9, 2024
Dennis Hollier
Senate Democrats note that FHLBank Boston CEO Timothy Barrett received $3.1 million in compensation last year while the bank contributed just $2 million to its affordable housing program.
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The Nuances of Home Possible and HomeReady

August 9, 2024
Dennis Hollier
FHFA’s recent decision to waive loan-level price adjustments for the low-income financing programs of the GSEs means that borrowers can sometimes get lower interest rates through HomeReady and Home Possible than they can using traditional GSE financing.
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Skepticism Springs Eternal When It Comes to GSE Reform

August 9, 2024
Dennis Hollier
Housing finance aficionados may doubt Fannie and Freddie will ever exit conservatorship, but that doesn’t stop them from telling you what that exit would look like.
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Freddie Simplifies Loan Assumption Process

August 9, 2024
Dennis Hollier
LPA will now confirm loan assumptions for eligible borrowers, simplifying the process for servicers that aren’t sellers.
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GSEs Working to Control Risks From Variety of Threats

August 9, 2024
Dennis Hollier
Freddie’s head of third-party oversight and governance recently outlined the main counterparty risks faced by the mortgage giant.
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FHFA Information Security ‘Not Effective,’ Audit Finds

August 9, 2024
Dennis Hollier
A 2024 IT security audit found that FHFA still had several recommendations from prior audits remaining open.
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Lenders, Housing Advocates Split on FHLBank Mission

July 26, 2024
Dennis Hollier
The Federal Home Loan Banks as well as credit unions argue the FHLBanks’ mission was established by Congress, so only Congress can change it. Consumer advocates, meanwhile, are happy with the Federal Housing Finance Agency’s effort to redefine the mission.
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Coalition of State AGs Oppose Fannie Title Pilot

July 26, 2024
Dennis Hollier
Fourteen state attorneys general sent a letter to FHFA Director Sandra Thompson urging her to quash Fannie Mae’s title insurance waiver pilot program.
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Completing GSE Reform Easier Said Than Done

July 26, 2024
Dennis Hollier
SFA leader says ending GSE conservatorships would lead to unsustainable credit downgrades for Fannie and Freddie.
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Opposition to Freddie’s CES Pilot Continues to Pour In

July 26, 2024
Dennis Hollier
Former Freddie CEO Don Layton said the pilot’s only connection to housing is that some of the homeowner’s equity is used as collateral for the new second.
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