The GSEs have consistently exceeded their affordable housing goals. Is it time to raise them?

Capital Senior Living posted a $215 million loss in the third quarter, most of which it attributed to the transfer of 18 facilities to Fannie Mae.

Section 4022, which covers forbearance under the CARES Act, does not include an explicit end date. According to the CSBS, this has led many to assume it ends on Dec. 31. The truth is less certain.

Going forward, mortgages will qualify for the QM safe harbor if the annual percentage rate on the loan doesn’t exceed the average prime offer rate by more than 150 bps.

Spreads between mortgage rates and interest paid on MBS have fallen to about 75 basis points. The long-term average is closer to 110 bps.

As the clock winds down on the Trump White House, the GSE regulator continues to pull levers. Just not the big one. Credit: Steve Mnuchin.

The proposed rule establishes new liquidity, as well as reporting, requirements for Fannie Mae and Freddie Mac.

McDonough will head the second largest federal agency, with more than 400,000 employees and a $200 billion budget.

Nearly 93% of all the FHA loans to millennials that closed in October were for home purchases.