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.

"A decision of this magnitude cannot be made on a whim without Congressional consultation and approval," according to the lawmakers.

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.

Alarmed by the administration’s repeated references to ending the conservatorships of Fannie Mae and Freddie Mac, leading Democrats in the Senate are attempting to tap the brakes.

Most of the positive response has been driven by President Trump’s posts on Truth Social in which he vowed to maintain the implicit guarantee and keep the GSEs under his oversight.

Deliveries to Fannie and Freddie rose last month even as the GSEs’ market share is the lowest since the global financial crisis. (Includes two data tables.)

Housing finance stakeholders continue to debate whether the Trump administration can safely release Fannie and Freddie from conservatorship.

The FHFA director’s criticism of FICO gave lenders a chance to call for price reductions on credit scores and reports. FICO countered by saying its wholesale prices are a tiny fraction of closing costs.

The controversial software giant will use its AI-powered financial crimes detection technology to scour Fannie’s vast databases for signs of mortgage fraud, starting with multifamily loans.

All insurance policies related to multifamily mortgage applications must now include the borrower as a “named insured” party.