Mat Ishbia, the CEO of the nation’s largest table-funder United Wholesale Mortgage, said FHFA limits on GSE purchases of second home and investment property mortgages are already adding to consumer costs.

An Inside The GSEs analysis of UMBS issued by Fannie and Freddie over the past two years suggests the $1.5 billion cash-purchase cap will undercut loan sales at scores of lenders. (Includes data chart.)

Spikes in amortization income, guarantee-fee income and credit-related expenses are all closely tied to the government’s intervention in the coronavirus crisis. (Includes data chart.)

Randy Jones joins David Lowman and Chris Boyle at the San Francisco-based fintech.

The mortgage giant taps two vice presidents to oversee equitable housing issues on both the single-family and multifamily sides of the company.

The new version of Fannie’s DU program will penalize student debt and income from auxiliary units but reduce the sting of self-employed income.

One month doesn't make a trend, but nonbank sales to Fannie and Freddie fell 3% from December to January, while the GSEs saw a 12% increase in bank business. (Includes two data charts.)

The MBA said it will continue to negotiate the suspect provision of the PSPA, while Rob Zimmer of the CMLA hinted at efforts to abrogate the new rule.

Newly installed SBC Chair Sherrod Brown lambasted FHFA for ignoring the spirit of the CARES Act by allowing Fannie Mae and Freddie Mac to sell nonperforming and reperforming loans during the pandemic.

Fannie financed $76 billion through its Delegated Underwriting and Servicing program, while Freddie pumped out $82.5 billion in loan purchases and guarantees.