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Policies & Programs
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FHFA Issues Clarification of Advisory Bulletin

August 18, 2023
Dennis Hollier
A new advisory bulletin provides the answers to a series of abstruse accounting questions as a way of clarifying an earlier bulletin.
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Trade Groups Oppose GSE Tenant Protections

August 18, 2023
Dennis Hollier
FHFA’s RFI on tenant protections attracted 3,522 comments, the vast majority from tenants voicing support. Industry groups argued that the economics of rent control just don’t work.
Read More

Slower Transition Urged for Credit Score Changes

August 4, 2023
Dennis Hollier
Industry groups, even those that support FHFA’s plan to revamp how credit scores work in the mortgage space, urge the agency to take more time with implementation.
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GSEs Tweak Seller Guides on Tax Liens, Appraisals

August 4, 2023
Dennis Hollier
Freddie set new standards for borrowers facing tax liens. And the GSEs implemented changes to appraiser independence requirements.
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Freddie Improves Income Assessment for Self-Employed Borrowers

August 4, 2023
Dennis Hollier
A new capability in Loan Product Advisor’s asset and income modeler allows lenders to directly access a borrower’s Schedule C income via IRS tax transcripts.
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Fannie Updates Earlier Stress Test Results

August 4, 2023
Dennis Hollier
Errors in the model Fannie uses to calculate income during a stress test led the enterprise to underestimate profits in both its 2021 and 2022 stress tests.
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FHFA Asks Court to Disregard Statements by Watt and Calabria

July 21, 2023
Dennis Hollier
The conservator of Fannie and Freddie argued that the testimonies of two former FHFA directors were irrelevant because they were not at the agency when the Treasury Department agreed to the net worth sweep.
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FHFA Links Decline in Originations to DTI

July 21, 2023
Dennis Hollier
Most of the drop-off in production hasn’t been because borrowers didn’t want to pay high interest rates, an analysis from FHFA showed. It’s because high interest rates have spiked DTI ratios, disqualifying borrowers for a mortgage.
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Lenders Can Limit Employee Access to Fannie Technology

July 21, 2023
Dennis Hollier
Lenders are using Fannie’s IP Address Restrictions tool to limit their employees from accessing the GSE’s technology.
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Freddie Touts Impact of Single-Family Green Bonds

July 21, 2023
Dennis Hollier
The inclusion of new-built homes with high energy efficiency ratings in Freddie’s green bond program significantly boosted the program’s impact.
Read More
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