Despite offering higher premiums, Freddie is finding it difficult to convince investors to give up their credit-risk transfer notes.

Bids on a $2.65 billion pool of reperforming loans are due Oct. 5. Meanwhile, PIMCO was the winning bidder on Fannie’s first RPL sale of the year.

The mortgage industry generally supports the limited scope of the rule. But consumer advocates believe FIRREA calls for a broader scope, including AVMs used by licensed appraisers.

Since it was established last year, FHFA’s Climate Change and ESG Steering Committee has established eight working groups in an effort to improve the GSEs’ ability to calculate climate risks.

An OIG audit found that eight of the 27 senior officials who left FHFA during the review period did not receive required records management training during offboarding.

Some 1.5% of GSE loans have home equity levels below 10%, suggesting Fannie/Freddie borrowers would be resilient if home prices were to decline. More than 83% of loans have at least 30% equity.

As of March, Freddie was named master servicer for 180 securitized transactions comprised of 11,500 loans with a combined unpaid principal balance of $44.1 billion.

Peter Lillestolen has been promoted to vice president, production and sales of targeted affordable housing, at Freddie Mac.

FHFA joins HUD, OCC and CFPB in an effort to promote the use of special purpose credit programs as a way to boost lending in disadvantaged communities.

According to Urban Institute, mortgage insurance payouts mean GSE losses on loans with LTVs over 80% are comparable to those on loans with LTVs below 80%.