None of these new securitizations are expected to include loans with temporary payment forbearance like that used for pandemic relief.

Treasury’s stake in the GSEs should be used to create a joint venture focused on affordable housing. Also, to ensure success, Fannie and Freddie should be converted into utilities, two industry pros recommend.

USMI criticized the increased use of appraisal waivers for refis with high-LTV ratios, which help determine g-fees and insurance premiums.

Fannie may no longer be competing with Freddie when it comes to CRT market share. It may now be chasing JPMorgan Chase for second place.

The mortgage giant taps two vice presidents to oversee equitable housing issues on both the single-family and multifamily sides of the company.

The new version of Fannie’s DU program will penalize student debt and income from auxiliary units but reduce the sting of self-employed income.

Because of the terms of the CARES Act, not only are borrowers in forbearance allowed to skip their monthly payments, but servicers are prevented from reporting their mortgages as past due.

New Treasury Secretary Janet Yellen has yet to pick who will lead housing policy and GSE reform in the Biden administration. However, liberal think tanks may be a good place to look.

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.

Newly installed SBC Chair Sherrod Brown lambasted FHFA for ignoring the spirit of the CARES Act by allowing Fannie Mae and Freddie Mac to sell nonperforming and reperforming loans during the pandemic.