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.

The amended preferred stock purchase agreement provides Treasury with a liquidation preference, which undermines the GSEs’ ability to afford an exit from conservatorship.

Mortgage insurers have endorsed the proposed guidelines, even arguing the process should be made more transparent and objective. However, Quicken believes it will stifle innovation by the GSEs.

Four and a half years after the OIG recommended that FHFA notify GSE directors of supervisory concerns, the agency continues to notify Fannie and Freddie management instead.

While appraisal actions sharply increased from 2019 to 2020, the number of licensed appraisers remained unchanged.

The GSEs plan to increase loan purchases in all three DTS categories: manufactured housing, rural areas and affordable preservation.

The program has accounted for a cumulative savings of 827 million gallons in water consumed and 152 million kilo-BTUs in energy savings.

FHFA said the plan to have “living wills” is akin to what the Federal Reserve and the FDIC require for their bank charges.

Treasury Secretary Steven Mnuchin said he is “not going to do anything that jeopardizes taxpayers.” But his real concerns? How to adequately capitalize Fannie and Freddie first.

The GSEs have consistently exceeded their affordable housing goals. Is it time to raise them?