Outstanding GSE servicing at Rocket Mortgage fell 2.1% from the first quarter, but its holdings still surpassed Chase, the second largest GSE servicer, by more than $322 billion. (Includes two data tables.)
Freddie Mac servicers will have to transition from the monthly foreclosure reporting cycle of its old EDR system to a “near real-time” system based on key events.
The rule change would reduce regulatory costs and effort for both the FHLBanks and FHFA, dovetailing with Trump administration plans to simplify regulation for federal agencies.
Senate Democrats press OMB Director Vought to release previously allocated and designated grant funding for organizations to build and rehabilitate housing.
An Urban Institute study shows that the internal rate of return of a downpayment on a home often exceeds that of a diversified stock portfolio, especially in low-growth real estate markets.