Executive salary change at Freddie; FHLB membership for community lenders in Puerto Rico; FHFA re-elects GSE boards.

FOIA documents reveal that in 2022 Fannie and Freddie business assessments determined that a single-bureau credit report would be inferior to either a tri-merge or a bi-merge.

The GSEs were already quietly adding MBS to their portfolios before Trump directed them to purchase $200 billion more. Investors may now be paying a price for that intervention.

The same braggadocio that drove GSE stocks higher early in the Trump administration now seems to be holding prices down.

Newly coordinated standards at the GSEs make it easier for certain factory-built homes to receive site-built financing.

The regulator’s financial statements followed GAAP accounting, but the analysis also revealed $32.9 million in costs associated with elimination of 216 employees.

CSS takes over MBS disclosures; Calabria joins PCAOB; Treasury/Fannie veteran joins HPC.

Some critics argue that forcing Fannie Mae and Freddie Mac to intervene in the mortgage-backed securities market may indicate their recapitalization and release from conservatorship is now on hold.

With the administration considering ways to address affordability, industry trade groups suggested adjusting policies at the GSEs. There’s also debate between MBA and CHLA on credit scoring practices.

Testimony from both liberal and conservative housing industry observers questioned the Trump administration’s policy regarding the future of Fannie and Freddie.