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Short Takes: GSEs Update Servicing Guidelines / Smaller CES Securitization From PIMCO / AGNC Keeps Dividend Steady / New Leader at SEC

April 10, 2025
Brandon Ivey
Bulletins from the GSEs detailed updates to servicing guidelines.
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Turner: HUD ‘Taking Inventory of Every Program’

April 9, 2025
Emmeline Willey
Among a series of sports analogies, Scott Turner, a former player in the NFL, said that HUD and the mortgage industry would need to “huddle” to solve the housing affordability crisis.
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Lenders Face Uncertainty With Special Purpose Credit Programs

April 9, 2025
Brandon Ivey
The Biden administration made a big push to encourage the creation of SPCPs but the Trump administration appears to have a dim view of the programs.
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Short Takes: Workforce Reduction at FHFA / Applications Jump, Temporarily / FHA Extends Hurricane Foreclosure Moratorium / Prime Non-Agency MBS From Redwood

April 9, 2025
Brandon Ivey
“We’re consolidating divisions to focus on building more homes and strengthening safety and soundness,” said FHFA Director Bill Pulte.
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Pulte Touts Regulatory Reductions, No Further Details

April 8, 2025
Brandon Ivey
The FHFA director announced regulatory cuts but no specifics were provided.
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Short Takes: Ginnie Prevails in TCB HECM Lawsuit / CFPB to Issue New Proposal on Section 1071 Data Collection / Nominees for OCC, SEC Move Forward / Home Equity Usage Expected to Rise

April 4, 2025
Brandon Ivey
A district court issued a summary judgment in favor of Ginnie Mae in a lawsuit brought by Texas Capital Bank against the agency.
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Republicans in House Consider Reforms for CFPB

April 3, 2025
Shannon Clark
A hearing by a subcommittee of the House Financial Services Committee included consideration of 10 bills, some of which would drastically alter the CFPB’s practices.
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Court Issues Preliminary Injunction to Reinstate Some Federal Employees

April 2, 2025
Shannon Clark
Terminated federal probationary employees will soon be offered their jobs back if they live or work in Washington, DC or one of the 19 states that sued the Trump administration.
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Some CFPB Employees Leaving Bureau Amid Uncertainty

April 1, 2025
Shannon Clark
After Rohit Chopra was forced out, the CFPB saw two new leaders in less than one week.
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Short Takes: Fannie Expects Lower Rates / FHFA Deems Climate Risk a ‘Transverse Risk’ / Pending Home Sales Decline / Affordable Homeownership a Focus for OCC

March 28, 2025
Brandon Ivey
Fannie Mae projects that the average interest rate for a 30-year fixed-rate mortgage will fall to 6.3% by the end of 2025.
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