The 10 bps g-fee strip inaugurated in 2011 to pay for a temporary tax cut is set to enter its second decade, despite expiring more than a month ago.

The OIG report also documents the lack of continuity in the leadership of DER.

The MBA warned that New York's new requirements for nonbank lenders are "unworkable."

The proposal also includes a new area-based subgoal designed to reduce the likelihood that GSE purchases in low-income areas go disproportionately to higher-income borrowers.

Fisher, who joined FHFA in 2019 under former Director Mark Calabria, helped create the new division and played a key role in his plan to reduce the agency’s reliance on data and analysis...

CFPB director Rohit Chopra named Lorelei Salas assistant director for the Office of Supervision Policy and Eric Halperin assistant director for the Office of Enforcement.

In August, Ginnie sought comments on the capital standards. While some of the changes would apply to all servicers, others would apply specifically to nonbanks, the dominant players in the agency’s MBS program.

Individual DPA grants could reach 10% of a home’s purchase price or $20,000, whichever is greater.

The White House called the new framework the largest single investment in affordable housing in U.S. history...

In particular, Chopra wants to hear from local lenders on how to stimulate refinancing, especially for communities of color.