Implementation of the new AMI limits took place this week in Loan Product Advisor and will take place next week in Desktop Underwriter.

Outstanding FHLBank advances have only surpassed $1 trillion one other time. Banks and thrifts — including now-failed institutions — boosted their advance usage in the first quarter. (Includes three data charts.)

The GSEs say the spike in repurchase requests simply reflects the historic volume in 2020 and 2021. Lenders argue there should be something short of a repurchase request for performing loans with minor defects.

FHFA is seeking input on the return on capital standards that apply to the GSEs and components of g-fees, among other issues.

FHFA Director Sandra Thompson noted that the GSEs have yet to seek approval for new products under a new FHFA initiative.

Former FHFA Acting Director Ed DeMarco and the American Bankers Association have endorsed releasing the GSEs from conservatorship. Industry observers aren’t optimistic about any moves in the near term.

FHFA’s proposed revisions to the enterprise regulatory capital framework prompted feedback from Fannie Mae and Freddie Mac. The GSEs support various aspects of the proposal while seeking some changes.

The rescinded fee would have added $1,250 in cost to the purchase of a $300,000 home. Or, borrowers could have elected to pay an extra $24.75 per month on their mortgage.

The ranking member of the Senate Banking Committee has demanded that the FHFA director meet with committee staff to prove the GSEs’ new pricing grids don’t amount to more cross-subsidy.

Concerns voiced by Senate Democrats appear to have prompted an FHFA review of how the GSEs sell their nonperforming and reperforming loans.