Mortgage trade groups quash FCA amendment in the bill but can’t prevent continuation of a 10-basis-point g-fee surcharge.

Increases in credit-related income, due to improving economic conditions, are offset by declining margins and fair value losses.

Fannie CEO Hugh Frater described the change to DU as “one important step in correcting the housing inequities of the past,” adding that it will create a more inclusive mortgage credit evaluation process.

Historic home price appreciation and record low interest rates helped Fannie and Freddie increase income and cut costs. (Includes data chart.)

Despite early criticism of Senate plans to use the 10-basis-point g-fee to help pay for a bipartisan infrastructure bill, industry groups have been more muted since the text of the bill became public.

Landlords are challenging the more-targeted ban, saying it still illegally deprives them of their ability to collect rents.

Loans in Freddie multifamily securities rarely default; but when they do, the distribution of those defaults can be quite interesting.

The new CHOICEReno eXPress loan allows homebuyers to incorporate the cost of minor repairs and renovations into their mortgage.

Wertheimer’s replacement previously served as chair of CIGIE, the independent agency that excoriated the departing IG for fostering a culture of intimidation.

The Fannie/Freddie joint venture bolsters its information security programs with veteran hire.