Unemployment benefits appear to have kept the real estate market from crashing, according to FHFA Director Mark Calabria.

The MBA argues that FHLB advances would offer REITs a cheap alternative to repo financing. One way to offset the added risk posed by REITs would be to increase the haircuts on their collateral requirements.

The steep fees to sell forbearance loans to the GSEs have led to tighter underwriting standards, which disproportionately impact borrowers of color, House Financial Services Committee Chair Maxine Waters said.

According to officials of the government-sponsored enterprise, credit-risk transfer operations are back to normal.

The final rule will have implications on adoption of the Secured Overnight Financing Rate.

In its annual report to Congress, the FHFA recommended legislation that will allow it “to examine the records, operations and facilities” of all Fannie/Freddie servicers.

The FHFA director said he decided to re-propose the rule because it was important for the process to be “extremely transparent and open.”

To promote the fungibility of the uniform MBS, Fannie and Freddie will more closely align how they evaluate their seller/servicers.

GSEs extend moratorium on foreclosures and evictions until Aug. 31.

After Sept. 15, Fannie Mae and Freddie Mac will no longer accept LIBOR loan applications. Moreover, the FHFA and the GSEs expect all loan purchases linked to the London benchmark to cease by yearend.