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FHFA Gets Tougher on Counterparties That Misbehave

July 10, 2023
Paul Muolo
The ultimate goal: to suspend counterparties who committed misconduct...
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Maintenance Risk a Major Factor in New GSE Condo Rules

July 10, 2023
Dennis Hollier
Fannie and Freddie will not buy condo loans in projects with unfunded repairs in excess of $10,000 per unit.
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FHFA Revises RPL/NPL Sale Requirements

July 6, 2023
Dennis Hollier
FHFA issued changes to RPL/NPL sales in a new fact sheet, addressing some concerns raised by critics of previous sale policies.
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Lenders Pick Apart FHFA Proposal on Fair Lending

June 30, 2023
Sam Manas
Ed DeMarco, president of the Housing Policy Council, said that while claiming to codify existing FHFA practice, the proposal “does not address FHFA’s practices related to fair housing and fair lending enforcement.”
Read More

Short Takes: CFPB Looking at Tech / Tighter Spreads for Fannie’s New CRT / FHFA Discloses Appraisal Comparables / Publishing Break

June 30, 2023
Brandon Ivey
The CFPB has been increasing its expertise in data science and analytics so that it can spot fair lending violations throughout the lending process.
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GSE Buyback Activity Up Slightly in First Quarter

June 28, 2023
John Bancroft
Some 66.5% of GSE repurchases in the first quarter involved loans securitized in 2022.
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Supreme Court Turns Down GSE Shareholder Case

June 27, 2023
Dennis Hollier
GSE shareholders tried to make the case that Ed DeMarco, the acting director of the Federal Housing Finance Agency at the time of the net worth sweep, was an extra-constitutional director because his three-year acting directorship lasted too long.
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Coalition of Trade Groups Seek Slower Transition on Credit Scores

June 23, 2023
Brandon Ivey
Currently, FHFA plans to modernize credit score usage by Fannie Mae and Freddie Mac in two phases, with full implementation scheduled for the fourth quarter of 2025.
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Trade Groups Continue to Fight GSEs' Condo Rules

June 23, 2023
Dennis Hollier
Lenders, Realtors and community associations team up to fight restrictions put in place following the condo collapse in Surfside, FL.
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FHFA Increasing Efforts to Address Climate Change

June 16, 2023
Dennis Hollier
Eight internal working groups collaborate with FHFA's Climate Change and ESG Steering Committee to develop climate-related plans and policies.
Read More
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