FHFA Director Bill Pulte gets a glimpse of what congressional oversight looks like as leading Democrats criticize him for actions in his first weeks in office.

Among other requests, the coalition of lender trade groups wants FHFA to conduct a cost/benefit analysis of the initiative.

Don Layton noted that administrative reform of the GSEs will inherently retain most of the structures and obligations in the GSE charters.

FHFA under the leadership of Bill Pulte has rescinded, deleted or closed at least eight agency directives without providing notice on the agency’s website or announcing the changes in a press release.

The new FHFA director’s whirlwind first week resulted in widespread staffing cuts at the regulator and a dramatic change in leadership at the GSEs. So far, criticism has been muted.

Former Fannie and Freddie CEOs question the durability and utility of the uniform MBS in a post-conservatorship mortgage market.

Trade groups want FHFA to conduct a cost/benefit analysis before implementing the long-awaited shift from Classic FICO to FICO 10 T and VantageScore 4.0.

Lenders can now expect a streamlined feedback certificate and faster identification of rep and warrant relief.

Desktop Underwriter will now automatically populate Underwriting Findings with information from Condo Project Manager.

An OIG report noted that FHFA has been following appropriate procedures when it reviews GSE proposals for employee retention awards.