Small depositories warn changes at the FHLBs could increase members’ costs and reduce access to FHLB funding. Worse, these changes could take place without formal rulemaking.
Thousands of stakeholders responded to FHFA’s RFI on the prospect of the GSEs establishing tenant protections for the multifamily properties they back. Most respondents were tenants.
A new option in Desktop Underwriter allows lenders to pre-qualify borrowers with a single soft pull credit file. However, a hard pull tri-merge credit report will still be required with the actual loan application.
Under the terms recommended in FHFA’s review of the Federal Home Loan Banks, 85 current members would fail to meet the 10% mortgage-related asset rule.
Andrew Davidson & Co. executive Richard Cooperstein says the regulatory capital requirements for the GSEs should be set at 1.5 times risk capital, about 1.13%.
The enterprise will offer new single-family green disclosures that will allow investors to easily identify mortgage-backed securities that consist of loans eligible for Fannie’s green bonds programs.