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Inside The GSEs

October 26, 2018

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Nonbank MSR Specialists Gain Share, Merger Boosts Citizens

Nonbanks continued to gain ground in the GSE servicing market during the third quarter of 2018 as a number of mid-size firms posted big gains in their portfolios. [Includes two data charts.] Read More

Treasury Official Says Reform is a Priority as GSE Execs Bow Out

Top officials at Fannie Mae and Freddie Mac extolled the major improvements made at the two GSEs over their decade in conservatorship, and a key Trump administration official reiterated his view that the gains should be preserved. Read More

Changing of the Guard

The leadership of both Fannie Mae and Freddie Mac is in transition. Fannie last week named Hugh Frater as interim CEO following the departure of Tim Mayopoulos. Read More

Layton Says CRTs Transforming Housing-Finance System

During a discussion with Inside The GSEs, Freddie Mac CEO Donald Layton said the credit-risk transfer program is one of the company’s greatest accomplishments. Read More

IG Cites FY19 Challenges with FHFA’s Oversight of GSEs

The Inspector General of the Federal Housing Finance Agency issued another report criticizing the regulator’s oversight of the GSEs and the Federal Home Loan Banks. Read More

New Freddie Mac Underwriting Tool Aids Lending to the Self-Employed

Freddie Mac updated its Loan Product Advisor to include a feature for assessing the income of self-employed borrowers in an automated underwriting system, the first such tool in an AUS, officials say. Read More

Private MIs Urge Tighter Controls on GSE Pilots and New Activities

A trade group representing private mortgage insurers urged the Trump administration to reduce the GSEs’ market power by limiting their activities to those not adequately served by the private market. Read More

CBO Examines Impact of GSE Accounting on Potential Reform

The Congressional Budget Office found that the choice of accounting treatment for the GSEs has implications on the various options to attract more private capital to the secondary market. It also impacts the transition to alternative structures. Read More

Mortgage Translations a Good Initial Step, More Clarity Needed

The Federal Housing Finance Agency launched a website last week with frequently used mortgage documents and educational materials translated to Spanish to better help borrowers not proficient in English. But some in the industry are still concerned about potential assumptions and legal ramifications. Read More

Senate Committee Reschedules Hearing on Fannie, Freddie Pilots

A Senate hearing on Fannie Mae and Freddie Mac pilot programs is back on the schedule for the lame-duck session of Congress following the elections next month. Read More

GSEs Preparing Industry for 2019 Launch of Major Initiatives

Fannie Mae and Freddie Mac said it’s critical that the mortgage industry prepare now to implement both the Uniform Mortgage Data Program and the single security next year. Read More

Fannie Deploys New Tool to Help Servicers with Investor Reporting

Fannie Mae recently introduced a new tool – the Loan Servicing Data Utility platform – to simplify investor reporting. Read More

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