In her first long-form interview since taking over as FHFA acting director, Sandra Thompson insisted that expanding the GSEs’ books of business won’t make them riskier.
FHFA announced the suspension of the caps on the GSEs’ purchase of second-home and investor-property mortgages on Sept. 14. By Sept. 15, the price of these loans jumped more than a percentage point.
Looking at more than 12 million home appraisals, researchers found that sellers in minority census tracts were more than twice as likely to receive an appraisal below the sale price than sellers in white districts.