Plaintiffs in a New York class-action say Fannie and four other defendants systematically overcalculate the interest charged to borrowers during foreclosure proceedings.

The time frames for servicers to complete routine foreclosures will expand in 17 states and shorten in four others.

The integration of Condo Project Manager into Desktop Underwriter should allow lenders to quickly determine if a condo project is eligible for Fannie-backed mortgages.

Personnel moves at GSEs; Pulte warns lenders; GSE capital markets update; new reports from FHFA’s OIG.

Fannie’s AI-powered Ask Poli allows quality control personnel to identify frequently researched topics, both within and outside their organization, as a way to forecast current or future loan defects.

S&P says the current AA+ rating enjoyed by the GSEs is a function of their government support. Because of their capital shortfalls, both GSEs have a B- standalone credit profile rating.

Fannie and FHFA accused the employees of fraud and deceitful actions, but provided no details of wrongdoing.

Neither Fannie or FHFA provided details about which employees were implicated in unethical activities or what evidence there was of potentially criminal behavior.

A number of Democrats in the Senate demanded that Pulte appoint qualified independent board members to bring the GSEs back into compliance with the law.

GSE watchers believe that, to appropriately compensate the taxpayer for their government guarantee, Fannie and Freddie would have to pay a commitment fee as high as $46 billion a year.