REITs have long sought access to the FHLB system — particularly to the low rates at the advance window. The recent Treasury recommendation may finally give those aspirations new hope.

A lack of consistency in terminology used by the GSEs makes it impossible for the FHFA to assess the cybersecurity risks they face.

If all goes to plan, Fannie Mae and Freddie Mac will retain most of their earnings beginning with the third quarter.

A $1 billion line of credit might be small potatoes by GSE standards, but it’s likely to elicit whistles among private lenders.

Although the non-QM portion of the non-agency market accounted for less than $10 billion in 2018, it could absorb more than $50 billion in former patch loans if it continues its current annual growth rate.

On the issue of FHFA’s constitutionality, the court ruled for the plaintiffs. But rather than invalidate the net worth sweep, the court struck the “for-cause” provision from HERA.

The new cap structure will allow each firm to invest up to $100 billion in multifamily projects over the next five quarters. At least 37.5% of that investment must be for affordable housing.

When Congress passed the Tax Cuts and Jobs Act in December 2017, one of the major concerns was the impact it would have on the LIHTC program.

"The CFPB’s job is not to regulate market share in the secondary mortgage market,” says Adam Levitin.

A new rule means FICO will face competition as a credit scoring model for homebuyers, potentially expanding the number of mortgage applicants dramatically.