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.
The changes to the selling guide will impact asset verification, Social Security income verification and the choice of credit scores when there are multiple borrowers.
The regulator proposed a more standard, nationwide definition of “colonia” to make it easier for the enterprises and lenders to identify communities where their activities are eligible for credit under DTS.
FHFA is expected to produce a long list of recommended actions to modernize the FHLBank system, but large-scale reform will probably require legislation.