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.

President Biden proposed a tax credit of $400 a month to put toward a mortgage.

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.

Effective immediately, Ginnie issuers must notify the agency of any cybersecurity incident within 48 hours after the issue is detected.

“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.

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.

The MBA was part of a trade group coalition that called on the VA to align minimum property requirements with standards already established by the GSEs.