The Council of Federal Home Loan Banks said Treasury’s proposal that the FHLBanks use their excess retained earnings to support affordable housing is asking them to operate on minimum capital levels.

The list of challenges facing FHFA include the GSEs’ multifamily business, the Office of Inspector General said in a new report.

AXIS Insurance became the second entity to settle in a Freddie lawsuit alleging that some D&O insurance providers refused to properly reimburse the GSE for legal expenses incurred during the 2008 crisis.

Freddie will begin accepting Meridian-brokered multifamily loans Jan. 1. However, the company will be subject to stricter due diligence.

FHFA created a new home price index based on GSE mortgages for manufactured homes.

Both Fannie and Freddie continue to sell off NPLs and RPLs, in keeping with directives from FHFA to reduce the size of their portfolios.

The GSEs should be liquidated through receivership, according to a new proposal from Norbert Michel, the director of the Cato Institute’s Center for Monetary and Financial Alternatives.

Affordable housing funding by the Federal Home Loan Banks spiked in 2023, according to a new report from the FHFA.

Six of the top 10 significant defects in loans acquired by Fannie Mae in the first quarter of this year weren’t on the list in the last quarter of 2023. Income calculation, though remained at the top of the list.

Early data from Fannie Mae and Freddie Mac suggest that, despite the one-two blow of Hurricanes Helene and Milton, the storms’ impact on GSE credit-risk transfer transactions is relatively modest.