Although the new condo rules have been criticized for being too stringent, GSE executives say many “expansions” have been added to the rules to make them more palatable.
Federal Housing Finance Agency Director Bill Pulte recently hinted that Fannie Mae and Freddie Mac might expand their title waiver programs. The effort doesn’t sit well with title insurance providers.
An OIG audit identified missing security control assessments that left core federal housing IT infrastructure exposed to unvalidated, undetected compromises.
Freddie Mac servicers will have to transition from the monthly foreclosure reporting cycle of its old EDR system to a “near real-time” system based on key events.
The rule change would reduce regulatory costs and effort for both the FHLBanks and FHFA, dovetailing with Trump administration plans to simplify regulation for federal agencies.