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.

Nineteen of the top-100 GSE sellers saw quarterly volumes fall more than 80% year over year. United Wholesale Mortgage, however, managed to boost its deliveries. (Includes two data charts.)

Fannie and Freddie in a joint comment letter expressed concerns that the SEC’s proposed rule on conflict of interest could prevent the GSEs from issuing credit-risk transfer notes in a post-conservatorship world.

For Fannie, the most obvious change was a major expansion of the EHFP’s target audience. In its initial plan, the enterprise had focused almost exclusively on Black homebuyers.

Financing restrictions imposed following the 2021 collapse of Champlain Towers in Surfside, FL, continue to make it difficult to finance or build new condos.