UMMC argues that the GSEs’ three-year duty-to-serve plans are wholly inadequate to address the current affordable housing crisis.

Successive OIG reports have found chronic deficiencies in FHFA’s internal controls and in its supervision of the GSEs. The latest report is more of the same.

Housing stakeholders liked FHFA’s plan to require Fannie and Freddie to develop equitable housing finance plans, but they also recommended changes.

The enterprise will use limited powers of attorney to handle unrecorded assignments for non-MERS loans.

Expanding the definition of affordability to include more loans in cost-burdened markets could be an important opportunity for multifamily lenders.

Temporary rules attempt to address the issue of “significant deferred maintenance” in the nation's aging supply of condominium and cooperative homes.

Pooling loans from its Home Possible program into affordable housing MBS could be the next step in Freddie’s impact bond initiative.

LIHTC and GSE programs both use the same flawed system for determining whether a project is “affordable,” revealed David Brickman, former CEO of Freddie Mac.

Although the GSEs have for several months seen declines in the share of investor and second-home mortgage purchases, it remains to be seen whether lenders will continue to deliver these loans into the non-agency market now that the caps have been withdrawn. (Includes two data charts.)

In her first long-form interview since taking over as FHFA acting director, Sandra Thompson insisted that expanding the GSEs’ books of business won’t make them riskier.