"Using third parties to circumvent this insurance feature creates uncertain financial risks for lenders and for Treasury Department’s ongoing financial support of the GSEs," said Edward DeMarco, president of the Housing Policy Council.

If Hutchins becomes the "permanent" CEO of Freddie, the change, ironically, would result in a pay cut...

President Biden's budget proposal for fiscal year 2025 included a brief section addressing the future of the housing finance system.

FHFA said changes to the survey will help to inform its oversight of the GSEs and Federal Home Loan Banks.

Under FHFA's new pilot, lenders can originate some refis without obtaining title insurance.

As long as it has at least 12 months of data, a single asset verification report will now be sufficient to validate a borrower's income, employment, assets, and positive rent payment and cash flow history.

Interest rates on GSE refis rose almost immediately after the adverse fee was announced and when FHFA removed the fee in July 2021, interest rates responded accordingly.

“Synchronizing bi-merge credit reporting with the implementation of the new credit score model requirements will reduce complexity for market participants,” said FHFA Director Sandra Thompson.

Commingling happens when a government-sponsored enterprise stocks a new Supers deal with MBS issued by the rival GSE.

Mat Ishbia, chairman and CEO of United Wholesale Mortgage, suggested that competition from nonbanks is helping to push banks out of the mortgage market.