In keeping with the rest of the Trump administration, FHFA has significantly reduced public visibility into its policy and actions since Bill Pulte took over as the agency’s director.
The names of most of the members of the leadership team responsible for the activities covered in the report are no longer listed among the agency’s key management officials.
A paper that found that lenders originate more conventional-conforming loans in areas impacted by a hurricane, and they securitize a larger percentage of those loans, was recently retracted.
In states with data privacy laws, the mortgage-denial gap between minority and non-minority mortgage borrowers is 3% lower than in states without the privacy laws, according to researchers.
New studies show that the expectation of future climate risk effects the current behavior of lenders and CRT can be used to estimate the true cost of hurricane risk.
The Mortgage Bankers Association has suggested the FHFA end its tri-merge process, replacing it with a single credit report rather than the bi-merge model as currently planned.
The securitization will pay off existing construction loans on 21 properties in 10 states while also creating a revolving facility to fund the remaining construction costs and acquire new properties.