While the FHLBanks tout the utility of the system’s status quo, small independent mortgage bankers push a change that would give nonbanks access to FHLB credit without FHLB membership.

Prefunding reviews allow the lender to identify defects while the loan is being manufactured, potentially avoiding costly repurchases.

Automated payroll deposits and timely payment of utilities and cell phone bills are about to enter the mortgage underwriting process.

FHFA must monitor model risk, people risk and resiliency risk at regulated entities, in particular at Fannie Mae and Freddie Mac.

FHFA should address the fees charged by Intercontinental Exchange for use of the firm’s loan origination system, according to the CHLA.

Funding for affordable housing and community investment programs declined across the board as the FHLBanks’ profits waned in 2021.

Work involving climate change and financial technology found mention in the FHFA report.

FHFA has allowed for expanded use of forward commitments to facilitate the development of more affordable housing.

Freddie is working to move servicers to the new Resolve system while Fannie set new standards for use of mortgage assistance funds.

FHFA may have dealt with last year’s controversy over executive compensation at Fannie Mae, but it still has a long way to go to fix its in-house issues with executive compensation reviews.