FHFA Director Sandra Thompson said critics of the new schedule of upfront fees for loans backed by Fannie Mae and Freddie Mac misunderstand the nature and purpose of the price changes.

Industry stakeholders believe the new upfront fee changes are unworkable and penalize more qualified borrowers.

Volume declined on a sequential basis in the first quarter, while deliveries picked up in March compared with February.

The hedge advisor’s automation of the assignment-of-trade process allows lenders to save on bid-ask spreads and increases efficiencies for correspondent investors.

The rulemaking process will help make current policy more durable, reducing the likelihood future administrations reverse existing fair housing regulation.

In what appears to be a response to recent bank failures, Freddie has said servicers are responsible for any losses out of custodial accounts if a depository goes bankrupt.

Mortgage industry participants said Fannie should make public a list of condo projects that are ineligible for sale to the enterprise. Fannie said lenders have other financing outlets, including holding the loans in portfolio.

Technical problems for lenders have forced the GSEs to slow the transition to the Uniform Closing Datasets.

A proposed rule from the SEC could prohibit CRT issuance by the GSEs after Fannie and Freddie exit conservatorship.

Individually, the provisions imposed by Fannie and Freddie might seem perfectly understandable given the disaster.