“Treasury is focused on ensuring that modernization of our capital framework ends the arbitrage that drives bank lending to nonbanks,” said Treasury Secretary Scott Bessent.

The FHFA chief urged investors to review the GSEs’ SEC filings to understand the risks involved.

If the merger of Rocket Mortgage and Mr. Cooper had been completed in time to include third-quarter numbers, the resulting company would have had a GSE servicing portfolio approaching $1.0 trillion.

Fannie Mae Chief Operating Officer Peter Akwaboah will serve as acting CEO, pending a search for Priscilla Almodovar’s successor. EVPs Brandon Hamara and John Roscoe will serve as co-presidents.

Mortgage industry stakeholders pump the breaks on GSE reform while the administration still seems to have its foot on the gas.

Allowing the GSEs, under certain conditions, to purchase up to $300 billion in agency MBS each could reduce mortgage rates by as much as 30 basis points, lender groups say.

Because VantageScore 4.0 typically yields higher credit scores than Classic FICO, it’s possible lenders will choose VantageScore, leading to higher scores and lower LLPA revenues.

The FHFA released its first strategic plan under the auspices of Director Bill Pulte. The plan reveals some differing priorities compared with the FHFA under the Biden administration.

HomeView 2.0, the updated version of Fannie’s proprietary homeownership education course, is now more accessible, mobile-friendly and has more intuitive navigation.

A good year for FHLB’s affordable housing programs; New York law evens up treatment of insurer and bank members; Freddie sells NPLs.