Fannie tells court AmeriFirst has no property interest in its mortgage servicing rights.

High failure rates for lenders trying to implement new edits to certain fee disclosure requirements in Phase 3B of the Uniform Closing Database persuaded Fannie and Freddie to postpone those changes.

Bids on a $2.65 billion pool of reperforming loans are due Oct. 5. Meanwhile, PIMCO was the winning bidder on Fannie’s first RPL sale of the year.

The mortgage industry generally supports the limited scope of the rule. But consumer advocates believe FIRREA calls for a broader scope, including AVMs used by licensed appraisers.

Since it was established last year, FHFA’s Climate Change and ESG Steering Committee has established eight working groups in an effort to improve the GSEs’ ability to calculate climate risks.

Some 1.5% of GSE loans have home equity levels below 10%, suggesting Fannie/Freddie borrowers would be resilient if home prices were to decline. More than 83% of loans have at least 30% equity.

FHFA joins HUD, OCC and CFPB in an effort to promote the use of special purpose credit programs as a way to boost lending in disadvantaged communities.

According to Urban Institute, mortgage insurance payouts mean GSE losses on loans with LTVs over 80% are comparable to those on loans with LTVs below 80%.

Key flubs by defense witnesses may have convinced the jury that the Treasury Department and FHFA had ulterior motives when they agreed to the net worth sweep.

While many mortgage industry stakeholders want the GSEs’ current capital rule to be changed, others believe it’s a good compromise.