Freddie’s multifamily unit issues a social bond backed by hundreds of single-family loans that fund the development of community-based group homes.

Fannie imposes a draconian 3% cap on NOO loans for some lenders to ensure it meets the 7% cap required under the PSPA. Freddie, already under the cap, puts its threshold at 6%.

A Fannie spokesman said the mortgage giant, at this time, is not instituting a specific broad based 6% cap but...

Craig Phillips, senior counselor to Treasury Secretary Steven Mnuchin, recounts the Trump administration’s difficulties in ending the net worth sweep and the conservatorships.

The compensation calculus at the GSEs dates back to 2012. FHFA wants to know if it’s time to change that.

A recent report from the Congressional Research Service suggests that it may be difficult to simultaneously raise the capital requirements for the GSEs and shrink their footprint, and still expect them to attract equity investors.

Veteran analyst Dick Bove says tapering by the Federal Reserve and meddling by the FHFA will eventually force the Biden administration to address housing-finance reform.

Small lenders believe the GSEs should offer special programs for small servicers and rural appraisals. And like their larger competitors, they don’t like the new PSPAs.

Freddie mixes up its capital offerings with social bonds in support of intellectually and developmentally challenged individuals.

Fannie and Freddie spell out eligibility terms in the wake of the amended PSPAs.