Interest rates on GSE refis rose almost immediately after the adverse fee was announced and when FHFA removed the fee in July 2021, interest rates responded accordingly.

“Synchronizing bi-merge credit reporting with the implementation of the new credit score model requirements will reduce complexity for market participants,” said FHFA Director Sandra Thompson.

If the central bank was required to mark its securities holdings to market, it would be more than $1 trillion in the hole, according to a new research paper.

The new program will help reduce the number of buyback requests lenders receive for loans that are defective but still performing.

New research shows, in some instances, lenders passed on to borrowers as much as 120% of the cost of the fee, which ended in July 2021.

The GSEs are looking to ensure servicers have policies and procedures in place that require borrowers continuously maintain property insurance.

Lingering capital shortfalls belie higher net incomes at Fannie Mae and Freddie Mae in 2023. (Includes data table.)

The Federal Reserve published a hypothetical economic collapse for banks to use in their annual stress test this year. The same scenario might be used by FHFA for Fannie Mae and Freddie Mac.

Fannie Mae has added three new attributes to its daily prepayment report for mortgage-backed securities. The enhancements will provide timely data on principal reductions.

Freddie also announced various changes in its Loan Product Advisor related to asset and income modeling and income validation.