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Inside The GSEs

June 23, 2023

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GSE Seller Buybacks and Pending Claims Up Slightly

The 2022 book of GSE single-family business has a higher defect rate than earlier cohorts, and sellers are repurchasing loans with interest rates lower than current levels. (Includes three data charts.) Read More

House Passes Bill Reversing FHFA Changes to Pricing

All House Republicans and 14 House Democrats voted to undo FHFA’s revision of GSE loan-level pricing adjustments. The bill would also require future changes to the grids to follow risk-based pricing. Read More

Plan for New Credit Scores Raises Industry Concerns

The FHFA needs to slow its roll to new credit scores, a swath of stakeholder organizations argues. Read More

Industry Wants Voice in Condo Eligibility Rules

New guidelines for GSE condo and co-op lending requirements should be subject to public comment, trade groups argue. Read More

Freddie Files $32 Million Suit Against Insurers

Three providers of D&O insurance refuse to pay legal costs associated with a financial crisis-era SEC investigation into Freddie underwriting and risk-management controls for troubled MBS. Read More

Fannie Updates Results From Its 2022 Stress Test

Changes to the models Fannie Mae uses for its Dodd-Frank Act stress tests increased the enterprise’s projected profits over the nine-quarter test period by $3.7 billion. Read More

SCOTUS Rejects Chance to Hear Shareholder Argument

By declining to hear the case of Rop v. FHFA, the Supreme Court effectively shut down shareholder hopes of ending the net worth sweep based on the constitutionality of the appointment of FHFA’s director. Read More

OIG: FHFA Not Monitoring Transportation Benefits

The FHFA either did not conduct, or could not document having conducted, 61% of its required parking permit inventory checks between 2019 and 2022. Read More

Fannie Transfers $789M in Risk in Latest CIRT Deals

The transactions are sub-brokered by a new partner for the GSE, a minority-led reinsurer. Read More

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