Freddie mentioned CECL almost as a throwaway line in its earnings call, while Fannie said its CECL impact will be more substantial.

In a contract worth up to $45 million over four years, the M&A specialist will help FHFA develop “a roadmap to responsibly end the conservatorships” of Fannie Mae and Freddie Mac.

Democratic senators ask Fannie and Freddie if they have attempted to model the risks associated with climate-related disasters, including floods, wildfires and extreme weather events.

All applications for LIBOR-based single-family and multifamily ARMs must be dated Sept. 30 or earlier or they won’t be eligible for sale to the GSEs.

Industry advocates point out that, unlike other forms of credit-risk transfer, private mortgage insurance stands in front of all other losses.

FHFA Director Mark Calabria is delivering on his promise to revamp the agency in preparation for the end of the GSE conservatorships.

The liquid assets required of nonbank seller/servicers will rise from 3.5 basis points to 4.0 bps for the unpaid principal balance of their enterprise servicing.

The CFPB plans to move away from the use of DTI as a criteria for a qualified mortgage, and instead opt for a pricing threshold.

One of the key jobs of the Financial Stability Oversight Council is to make suggestions and recommendations to regulators to avoid SIFI designations, the FHFA director said.

Policy changes impacting 15% of GDP in an election year are inherently risky, according to Isaac Boltansky of Compass Point. The result, he said, is likely to be “a long and winding road” toward housing-finance reform.