SFA leader says ending GSE conservatorships would lead to unsustainable credit downgrades for Fannie and Freddie.

Former Freddie CEO Don Layton said the pilot’s only connection to housing is that some of the homeowner’s equity is used as collateral for the new second.

Freddie adds a new AIM provider, requires trended data in most credit reports.

S&P Global Ratings gives the Freddie asset management and operations team an “above average” ranking and a stable outlook.

The mortgage giant worked with the Housing Assistance Council to estimate the scale of the tangled title problem and begin to look for solutions.

Supporters of the program say the expanded use of second mortgages is a less costly way for homeowners to access their home equity when interest rates are high. But they worry about the pilot’s restrictions.

Two of the new proposed rules are directed at Fannie Mae and Freddie Mac. The other three relate to the Federal Home Loan Banks.

The data release is a critical step in the enterprises’ long-awaited and controversial transition to a new credit score model.

A new advisory bulletin from FHFA spells out how the enterprises must respond to a “high-severity operational loss event.”

Ironically, providers of attorney opinion letters — an alternative to title insurance — may need insurance to compete with title insurers.