The “implied guarantee subsidy” that underpins the FHLBank operations is the reason why financial institutions of all kinds are clamoring for membership, according to former Freddie CEO Don Layton.

The Federal Housing Finance Agency said it lacks sufficient data to create statistical models to “reflect economic conditions for 2021” because of the market disruption caused by the coronavirus.

HUD Secretary Ben Carson told lawmakers he will cooperate with an inquiry into whether a new policy prevents DACA recipients from receiving federally backed mortgage loans.

Lawmakers questioned Federal Housing Finance Agency Director Mark Calabria on a wide range of issues, including extending the timeline, and expanding the scope, of the eviction moratorium.

Brian Montgomery, the recently confirmed HUD deputy secretary, is known for working in a bi-partisan fashion and pushing through meaningful legislation.

Some 4.7 million Americans are under a pandemic-related forbearance plan. However, the pace of new requests seems to have slowed.

The House Financial Services Committee has asked servicers to disseminate consistent information about pandemic-related forbearance options.

VA mortgage companies are gearing up for an increase in purchases as lock-down orders for military personnel will be lifted starting June 30.

The industry has once again written to Congress requesting that guarantee fees be used only as originally intended: as a critical risk management tool to protect against potential mortgage credit losses.

Asked what levels of capital would be necessary in order to release Fannie and Freddie from conservatorships, Treasury and FHFA said it is “premature” to comment on specific levels.