The Federal Home Loan Banks as well as credit unions argue the FHLBanks’ mission was established by Congress, so only Congress can change it. Consumer advocates, meanwhile, are happy with the Federal Housing Finance Agency’s effort to redefine the mission.

Former Freddie CEO Don Layton said the pilot’s only connection to housing is that some of the homeowner’s equity is used as collateral for the new second.

The mortgage giant worked with the Housing Assistance Council to estimate the scale of the tangled title problem and begin to look for solutions.

Two of the new proposed rules are directed at Fannie Mae and Freddie Mac. The other three relate to the Federal Home Loan Banks.

Despite thousands of responses to its RFI, FHFA has settled on a list of protections that is unlikely to make tenants feel much safer.

FHFA issued an RFI on how to simplify and improve the efficiency of the competitive application process for the FHLBanks’ Affordable Housing Programs.

Beginning July 1, the capital markets team at Freddie Mac will start offering multifamily giant PCs, products that will allow investors to pool larger securities and better manage their portfolios.

The new Federal Advisory Committee on Affordable, Equitable and Sustainable Housing includes a who’s who of housing finance experts, equitable housing advocates and industry representatives.

Stakeholders say the GSEs’ proposed definition of “first-generation homebuyer” in their equitable housing-finance plans unfairly excludes many of the people the enterprises and the FHFA want to help.

The Federal Housing Finance Agency has issued a request for information seeking industry comment on the GSEs’ plans to support underserved communities under their duty-to-serve obligations.