The FHFA’s inspector general found that the regulator’s supervision of the GSEs is based on policy statements not standards prescribed by Congress.

Sen. Pat Toomey, R-PA, and NAMB President Kimber White each grade the brief performance of FHFA’s acting director.

FHFA’s decision to repropose certain provisions in the capital framework of the GSEs lures Fannie back to the CRT fold.

Thompson switches Deputy Director of Bank Regulation Andre Galeano over to head the Division of Enterprise Regulation.

Thompson puts her stamp on the agency, even while rumors suggest the Biden administration could replace her with a permanent director.

The mortgage industry’s warnings that the restrictions placed on the GSEs would tighten credit availability for less qualified borrowers were not lost on the Biden administration.

The changes would reduce Fannie’s and Freddie’s capital requirements and increase incentives to issue CRT transactions.

The support of the powerful House Financial Services Committee chair improves the chances that FHFA Acting Director Sandra Thompson’s job becomes permanent. It also casts doubt on the rumored nomination of CRL President Mike Calhoun.

Even though the Supreme Court issued its decision in the Collins case two months ago, lawyers for both the shareholders and the government prepare to make many of the same arguments again before the Fifth Circuit.

The agency will allow the GSEs to boost LIHTC investment by $350 million each and expand the sale of REO properties to owner-occupants and nonprofits.