Questions posed by the FHFA include whether the GSEs should use appraisal waivers and how lenders might manipulate automated underwriting systems when seeking an appraisal wavier from the GSEs.
The signature averts a shutdown of the federal government and paves the way for stimulus payments while Trump pressures Congress to send even bigger checks.
The agreement comes at a curious time: Servicing prices have suffered during the pandemic but are beginning to improve. In other words, bargains may be hard to find.
Mark Calabria: “Requiring the enterprises to develop living wills helps FHFA fulfill its responsibility to ensure that the failure of an enterprise would harm neither taxpayers nor the mortgage market.”