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    <title>Legislation</title>
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      <title>Republicans in House Working on GSE Reform Bill</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Republicans are poised to introduce a bill that would codify reforms of the GSEs that have been completed administratively. The bill would also establish a utility model framework for Fannie Mae and Freddie Mac and alter how calculations are made to annual changes in loan limits.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236660</guid>
      <pubDate>Thu, 12 Feb 2026 16:39:36 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236660-republicans-in-house-working-on-gse-reform-bill</link>
    </item>
    <item>
      <title>Ackman Proposes New Type of Mortgage for the GSEs</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[A mortgage with a prepayment penalty might be as much as 65 basis points cheaper for borrowers, according to GSE shareholder Bill Ackman.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236393</guid>
      <pubDate>Thu, 15 Jan 2026 16:12:30 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236393-ackman-proposes-new-type-of-mortgage-for-the-gses</link>
    </item>
    <item>
      <title>FHFA Changes to CSS May Enable Public Utility Plans</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Changes to Common Securitization Solutions, including being renamed U.S. Financial Technology, appear to set the company up to serve additional secondary mortgage market participants.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234654</guid>
      <pubDate>Thu, 26 Jun 2025 17:21:40 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234654-css-and-gse-reform</link>
    </item>
    <item>
      <title>Trump Promises Implicit Guarantee for GSE MBS</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[President Trump attempted to mollify concerns about the post-conservatorship guarantee of GSE MBS, but questions remain about the regulatory treatment of those securities and the TBA market.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234412</guid>
      <pubDate>Thu, 29 May 2025 16:08:59 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234412-market-responds-to-trump-gse-comments</link>
    </item>
    <item>
      <title>Pulte Supports the GSEs’ CRT Programs</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Trump’s nominee to head FHFA didn’t do anything to embarrass himself at his confirmation hearing this week, but he also didn’t demonstrate a deep understanding of housing finance.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233592</guid>
      <pubDate>Thu, 27 Feb 2025 16:47:33 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233592-pulte-supports-the-gses-crt-programs</link>
    </item>
    <item>
      <title>Analysts Doubtful About GSE Reform</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Treasury Secretary Bessent’s cautious remarks about the prospect for GSE reform heighten industry skepticism about the release of Fannie Mae and Freddie Mac from conservatorship.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233423</guid>
      <pubDate>Thu, 13 Feb 2025 16:25:26 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233423-analysts-doubtful-about-gse-reform</link>
    </item>
    <item>
      <title>Analysts Skeptical of GSEs Leaving Conservatorship</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Obstacles like how to deal with the implicit guarantee and excessively high capital requirements make it unlikely that the GSEs will exit conservatorship under Trump, though the chances are higher than before his election.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233305</guid>
      <pubDate>Thu, 30 Jan 2025 15:30:07 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233305-downgrading-the-gses</link>
    </item>
    <item>
      <title>Uncertainty on Government Guarantee, GSE Ratings</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[The debate over how to end the conservatorships of Fannie Mae and Freddie Mac hinges on whether rating services would downgrade the GSEs if they exit without an explicit government guarantee.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233271</guid>
      <pubDate>Thu, 23 Jan 2025 16:08:58 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233271-the-implicit-explicit-guarantee-debate</link>
    </item>
    <item>
      <title>GSE Reform Could Prompt Wider MBS Spreads</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Critics argue that, if Fannie Mae and Freddie Mac are released from conservatorship without an explicit government guarantee, MBS investors will demand wider spreads to cover the added credit risk.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233196</guid>
      <pubDate>Thu, 16 Jan 2025 16:10:27 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233196-gse-reform-and-mbs-spreads</link>
    </item>
    <item>
      <title>Divided Government Seen as Best Option for MBS Market</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[A panel of mortgage industry veterans concluded that the best scenario MBS investors can hope for in the upcoming election is that neither side wins a clean sweep of the presidency and Congress.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/232491</guid>
      <pubDate>Thu, 24 Oct 2024 16:16:28 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/232491-mbs-and-the-election</link>
    </item>
    <item>
      <title>UI Analysts Seek to Build on FSOC’s Ginnie Proposals</title>
      <author>mhogan@imfpubs.com</author>
      <description>
        <![CDATA[A new Urban Institute paper called on policymakers to build on the Financial Stability Oversight Council’s recommendations to address liquidity vulnerabilities among nonbank Ginnie Mae issuers.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/231992</guid>
      <pubDate>Thu, 05 Sep 2024 15:34:22 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/231992-tozer-ui-aim-to-expand-on-fsocs-ginnie-liquidity-proposals</link>
    </item>
    <item>
      <title>Conservative Vision for the GSEs and the Fed</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[The Heritage Foundation’s Project 2025 calls for the end of the GSE conservatorships and a dramatically reduced role for the Fed.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/231635</guid>
      <pubDate>Thu, 25 Jul 2024 16:15:31 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/231635-conservative-vision-for-the-gses-and-the-fed</link>
    </item>
    <item>
      <title>Court Allows TCB Suit Against Ginnie to Proceed</title>
      <author>mhogan@imfpubs.com</author>
      <description>
        <![CDATA[A district court judge threw out parts of a lawsuit against Ginnie Mae for canceling Texas Capital Bank’s first-priority lien on a loan portfolio of Reverse Mortgage Funding but allowed a key challenge to go ahead.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/230684</guid>
      <pubDate>Thu, 11 Apr 2024 14:47:27 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/230684-court-allows-tcb-suit-against-ginnie-to-proceed</link>
    </item>
    <item>
      <title>Fed’s MBS Holdings Pushing Interest Rates</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[The Federal Reserve’s push to run MBS off of its balance sheet may cause interest rates to stay high even after quantitative tightening measures cease.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/229516</guid>
      <pubDate>Wed, 22 Nov 2023 13:35:44 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/229516-higher-interest-rates-expected-to-linger-despite-flat-inflation</link>
    </item>
    <item>
      <title>Agency MBS Investors Cautious With Debt Ceiling</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[With the U.S. debt ceiling resolution far from certain, investors in agency MBS are being careful in terms of financing and leverage. A U.S. default also has ramifications for outstanding MBS and ABS.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/227764</guid>
      <pubDate>Thu, 11 May 2023 16:46:13 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/227764-agency-mbs-investors-cautious-with-debt-ceiling</link>
    </item>
    <item>
      <title>Whistleblower Loses Appeal for Reward in MBS Case</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[A federal appeals court panel ruled that the SEC didn’t act on the whistleblower’s information about misconduct at RBS even though it passed the information to the DOJ and FHFA, which reached settlements.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/225241</guid>
      <pubDate>Thu, 28 Jul 2022 16:32:35 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/225241-whistleblower-loses-appeal-in-mbs-case</link>
    </item>
    <item>
      <title>SCOTUS Ruling Upends Leadership at FHFA</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[The White House responded quickly to SCOTUS’ Wednesday ruling that the FHFA director can be fired at will. Within hours, Mark Calabria was shown the door and Sandra Thompson was appointed acting chief.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/221736</guid>
      <pubDate>Thu, 24 Jun 2021 16:00:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/221736-scotus-ruling-upends-leadership-at-fhfa</link>
    </item>
    <item>
      <title>One-on-One with Former Treasury Official Phillips on the GSEs</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[In an interview with <em>IM&A</em>, former Treasury official Craig Phillips says capitalize the GSEs and let them go.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/221597</guid>
      <pubDate>Thu, 10 Jun 2021 17:32:55 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/221597-craig-phillips-capitalize-the-gses-and-let-them-go</link>
    </item>
    <item>
      <title>Experts Aren’t Buying Into Calabria’s Living Wills Idea</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Analysts argue that resolutions plans for the GSEs are purely theoretical devices because the government will never let them fail.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/221410</guid>
      <pubDate>Thu, 20 May 2021 18:11:13 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/221410-comment-on-the-gses-living-wills-just-wont-die</link>
    </item>
    <item>
      <title>LIBOR’s End May be Delayed. Legacy Contracts Hang in the Balance</title>
      <description>
        <![CDATA[The use of LIBOR as an index is slated to end in just under 13 months but the benchmark administrator has other ideas. One issue: legacy contracts.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/219926</guid>
      <pubDate>Thu, 03 Dec 2020 14:45:00 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/219926-libors-end-might-be-delayed-legacy-contracts-hang-in-the-balance</link>
    </item>
    <item>
      <title>GSE Fears Averted, Can the Street Rest Easy?</title>
      <author>pmuolo@imfpubs.com</author>
      <description>
        <![CDATA[Wall Street’s mind has been put to ease regarding an expedited conservatorship exit for Fannie and Freddie but concerns remain.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/219914</guid>
      <pubDate>Thu, 03 Dec 2020 13:45:00 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/219914-gse-fears-averted-can-the-street-rest-easy</link>
    </item>
    <item>
      <title>FHFA Getting Ready to Finalize GSE Capital Rule?</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[FHFA Director Mark Calabria hopes to finalize the GSE capital rule before yearend. But the proposal is so controversial that many industry watchers said it most likely won’t survive a change in administration.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/219471</guid>
      <pubDate>Thu, 15 Oct 2020 15:30:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/219471-calabria-touts-capital-rule-at-namb-conference</link>
    </item>
    <item>
      <title>Servicing-Advance Obligation Still a Concern for Nonbanks</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Nonbanks in the process of making their public debuts note that the refi boom (probably) won’t last forever, and they could eventually face financial difficulties making servicing-advance payments for loans in forbearance.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/219392</guid>
      <pubDate>Thu, 08 Oct 2020 14:45:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/219392-servicing-advance-requirements-remain-a-concern-for-nonbanks</link>
    </item>
    <item>
      <title>The Fed Takes Extraordinary Measures. Still Undecided: Nonbanks</title>
      <author>pmuolo@imfpubs.com</author>
      <description>
        <![CDATA[The coronavirus economic assistance package is signed, sealed and delivered but concerns remain over the ability of nonbanks to pay MBS holders in the event delinquencies spike over the short term. ]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/217563</guid>
      <pubDate>Thu, 26 Mar 2020 15:45:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/217563-the-fed-takes-extraordinary-measures-still-undecided-nonbanks</link>
    </item>
    <item>
      <title>Trade Groups Against Plan to Re-Propose GSE Capital Rule</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Trade groups are wary that any capital rule issued after May could be over-turned if Democrats win the White House and control of Congress in the next election. ]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/216758</guid>
      <pubDate>Thu, 02 Jan 2020 16:55:00 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/216758-mortgage-industry-groups-dont-re-propose-capital-rule</link>
    </item>
    <item>
      <title>Fixing the Ginnie Rule on VA Cash-Out Seasoning</title>
      <author>news@imfpubs.com</author>
      <description>
        <![CDATA[The inconsistency between the scope of Ginnie Mae’s loan seasoning guidance and VA’s cash-out interim final rule may require a legislative change, according to Ginnie Mae. 
]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/213888</guid>
      <pubDate>Fri, 08 Mar 2019 00:00:00 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/213888-fixing-the-ginnie-rule-on-va-cash-out-seasoning</link>
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