President Biden’s choice has pleased mortgage industry and affordable housing advocates, who were largely critical of FHFA policy under conservative Mark Calabria.
For several years now, the GSE has been migrating its data storage and analysis functions to Amazon’s cloud, but the full extent of that relationship is not really known...
Critics argue that the mechanical method for determining the loan limits distorts the market and makes it harder for the GSEs to meet their affordable housing goals.
Plaintiffs in Collins v. Yellen promptly informed the Fifth Circuit Court of Appeals of the former president’s recent letter to Sen. Rand Paul, R-KY, possibly forestalling a decision by the court.
Sandra Thompson, the acting FHFA director, said Fannie and Freddie have responsibilities beyond the narrow affordable housing goals to ensure access to credit for borrowers in all parts of the country.