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%.

Key flubs by defense witnesses may have convinced the jury that the Treasury Department and FHFA had ulterior motives when they agreed to the net worth sweep.

While many mortgage industry stakeholders want the GSEs’ current capital rule to be changed, others believe it’s a good compromise.

Congress and the mortgage industry seem on opposite sides when it comes to the timetable for credit score reform. That leaves FHFA in the middle.