The Council of Federal Home Loan Banks said Treasury’s proposal that the FHLBanks use their excess retained earnings to support affordable housing is asking them to operate on minimum capital levels.

The list of challenges facing FHFA include the GSEs’ multifamily business, the Office of Inspector General said in a new report.

AXIS Insurance became the second entity to settle in a Freddie lawsuit alleging that some D&O insurance providers refused to properly reimburse the GSE for legal expenses incurred during the 2008 crisis.

Freddie will begin accepting Meridian-brokered multifamily loans Jan. 1. However, the company will be subject to stricter due diligence.

FHFA created a new home price index based on GSE mortgages for manufactured homes.

Both Fannie and Freddie continue to sell off NPLs and RPLs, in keeping with directives from FHFA to reduce the size of their portfolios.

The GSEs should be liquidated through receivership, according to a new proposal from Norbert Michel, the director of the Cato Institute’s Center for Monetary and Financial Alternatives.

Affordable housing funding by the Federal Home Loan Banks spiked in 2023, according to a new report from the FHFA.

Industry players had raised concerns that the original proposal would have been too broad and included misconduct that didn’t affect safety and soundness.

Newly published comment letters show that housing and community advocacy groups support FHFA’s plan to use member incentive programs to encourage more mission-oriented lending by the FHLBanks.