A nonprofit has called on the Federal Home Loan Banks to launch a program for mortgages with terms of 40 years, arguing the products will help to address affordability issues.

House committee hearing on FHFA’s “vanishing independence” to be held next week; FHLBank of Pittsburgh moving headquarters.

Experts recommend industry stakeholders start working with the new credit scores if they want to be prepared when the transition from FICO Classic to FICO 10 T and VantageScore 4.0 goes into effect.

The FHLBanks last year agreed to voluntarily raise their contributions to affordable housing programs from 10% of net income to 15%, but they balked at Treasury’s suggestion to increase that to 20%.

New appraisal process will replace nine forms with a single, dynamic, data-driven form that works for all single-family residential properties.

The mortgage giant has implemented a requirement that seller/servicers maintain and share records of the types of fraud they see as well as any specific fraud cases they’re aware of.

Landlords who repeatedly fail to provide tenants the new enterprise protections could be subject to a 0.20% penalty on their original loan amount or even a default.

The mortgage giant announced a non-performing loan sale and the results of its latest STACR tender offer.

Lenders will soon be able to deliver their own green MBS into Fannie’s green MBS program. Currently, only whole loans are accepted.