Unemployment benefits appear to have kept the real estate market from crashing, according to FHFA Director Mark Calabria.

The steep fees to sell forbearance loans to the GSEs have led to tighter underwriting standards, which disproportionately impact borrowers of color, House Financial Services Committee Chair Maxine Waters said.

In its annual report to Congress, the FHFA recommended legislation that will allow it “to examine the records, operations and facilities” of all Fannie/Freddie servicers.

The FHFA director said he decided to re-propose the rule because it was important for the process to be “extremely transparent and open.”

To promote the fungibility of the uniform MBS, Fannie and Freddie will more closely align how they evaluate their seller/servicers.

In each case, Chief Judge Margaret Sweeney’s decision hinged on whether the plaintiffs were pursuing direct or derivative claims.

The nonbank accounted for 7.7% of originations in the first quarter of 2020.

GSEs extend moratorium on foreclosures and evictions until Aug. 31.

Ronald McCord, the former president of First Mortgage, faces 24 counts of bank fraud, money laundering and making a false statement.

Industry stakeholders believe this is a sign the GSEs are on track to undergo their long-expected public offerings.