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.

The fintech moves the GSE one step closer to fully automating income and asset validation.

Despite the president’s quick reversal of course on his proposal to cut payroll taxes, the housing industry remains worried g-fee may be tapped somehow.

“Patch” loans, cash-out refinances, investment loans and second family homes constitute more than 50% of the dollar volume of Fannie and Freddie MBS issuance.

Concerns of industry participants provoke edits and postponement of a new mortgage application form.

Fannie continued to wind down its portfolio of nonperforming and reperforming loans, in compliance with FHFA directives; Freddie released two structured pass-through certificates with yields ranging from 2.47% to 5.22%.

The bureau’s proposed rulemaking could apply to nearly a third of the mortgage loans purchased by the GSEs. Industry observers wait to see if it impacts access to credit for low- and mid-income borrowers.