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.

Despite underlying issues with the mortgage market, the FHFA's conservatorship over Fannie Mae and Freddie Mac looks unlikely to end.

The roundtable hosted by the Treasury focused on how the increased risks from climate change are affecting insurance markets.

The GSEs are looking to ensure servicers have policies and procedures in place that require borrowers continuously maintain property insurance.