The approaching expiration of Treasury’s warrants on Fannie and Freddie stock and the possibility of a second Trump administration have revived debate on the potential end of the conservatorship of the GSEs.
As long as it has at least 12 months of data, a single asset verification report will now be sufficient to validate a borrower's income, employment, assets, and positive rent payment and cash flow history.
Interest rates on GSE refis rose almost immediately after the adverse fee was announced and when FHFA removed the fee in July 2021, interest rates responded accordingly.
“Synchronizing bi-merge credit reporting with the implementation of the new credit score model requirements will reduce complexity for market participants,” said FHFA Director Sandra Thompson.
If the central bank was required to mark its securities holdings to market, it would be more than $1 trillion in the hole, according to a new research paper.