The Federal Home Loan Bank System saw a 21.2% decline in earnings during the second quarter of 2019.

The 2019 DFAST includes a more severe recession than in 2018, with a major economic crisis in Europe causing investors to flee to U.S. markets.

Fannie warns that the loss reserves required by the new FASB standard may exceed its retained earnings in the first quarter of 2020.

A new rule means FICO will face competition as a credit scoring model for homebuyers, potentially expanding the number of mortgage applicants dramatically.

The agency now says the question about language preference on the revised Uniform Residential Loan Application will be voluntary.

The fintech moves the GSE one step closer to fully automating income and asset validation.

Sheila Bair joins Fannie Mae after several years as a university executive and a board member for companies like Reuters, Host Hotels and the Industrial and Commercial Bank of China.

An appeals court has twice rejected discrimination and defamation claims by an employee fired for working with an unapproved contractor.

Fannie and Freddie will no longer require that lenders ask homebuyers for their preferred language during the mortgage application process.

Then again, the partnership with Freddie isn’t exactly novel. The vendor has a similar arrangement with the GSE’s crosstown rival Fannie Mae…