The ranking member of the Senate Committee on Banking, Housing and Urban Affairs pressed FHFA Director Bill Pulte and HUD Secretary Scott Turner to describe their plans to enforce new restrictions on home purchases by Wall Street and private equity firms.

The Congressional Research Service reminds stakeholders of the complications involved in reprivatizing Fannie Mae and Freddie Mac.

Industry trade groups are pushing for optimized investment tools, community bankers are warning against systemic risk and housing advocates believe the proposal will allow the GSEs to abandon the nation’s neediest populations.

Selling guide changes at the GSEs should make it easier for some borrowers to qualify for mortgages.

Construction loans may be too risky for the GSEs to purchase at scale, but Fannie has other products that help increase and preserve supply.

House members discuss reforms to AMA, Affordable Housing Program, membership eligibility, and ways to provide CDFIs more access to FHLB advances.

Senate Democrats press OMB Director Vought to release previously allocated and designated grant funding for organizations to build and rehabilitate housing.

FHFA wants to claim exemptions “for certain system of records to ensure the agency can effectively carry out its statutory responsibilities while safeguarding sensitive information.”

Proposed legislation would allow Fannie Mae and Freddie Mac to purchase and securitize residential construction loans, provided those projects meet certain affordability and safety and soundness requirements.

Proposed changes would revamp the treatment of “Indian areas” and rural agricultural workers, along with altering the method of calculating area median income.