By some estimates, the average short sale or a foreclosure costs the GSEs $19,000 more than putting the borrower through a home-retention program.

New standards tied to Bank Secrecy Act; UCD testing environment; servicing updates planned; Pulte makes crypto announcement; DeVito surfaces at NVR.

As the seven-plus-year redesign of the UAD and the URAR nears completion, the GSEs prepare industry stakeholders for the changes.

Republicans may hope to use any windfall the government gets from selling its stake in the GSEs to offset revenue cuts in their “Big Beautiful Bill,” but housing advocates have other ideas.

Fannie and Freddie both issued sellers guide updates alerting lenders to upcoming changes to UAD 3.6 and URAR. Other updates affect quality control procedures, measurement standards and attorney fees.

In a random sample of loans, Fannie found that undocumented rental income was the most common initial loan defect. Among loans more likely to have defects, “undisclosed liabilities” jumped to the top of the list.

In keeping with the rest of the Trump administration, FHFA has significantly reduced public visibility into its policy and actions since Bill Pulte took over as the agency’s director.

The names of most of the members of the leadership team responsible for the activities covered in the report are no longer listed among the agency’s key management officials.

GSE credit ratings; big pay raise for Freddie exec; FHFA tech sprinter dashes to better mortgage.

Housing finance stakeholders continue to debate whether the Trump administration can safely release Fannie and Freddie from conservatorship.