GSE Roundup

By: ameer@trustedteam.com

Freddie board member jumps to Fannie board; a week of CAS and STACR tender offers; and seller/servicer guidance for the shutdown.

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OIG Flags Weaknesses in FHFA’s Public-Facing Systems

By: ameer@trustedteam.com

OIG auditors identify critical weaknesses in the security of FHFA’s public-facing websites and inadequate coordination between the agency, the Federal Home Loan Banks and federal financial regulators.

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FHFA Scraps Biden-Era Rules

By: ameer@trustedteam.com

Under Director Pulte, FHFA has withdrawn proposed rules affecting enterprise liquidity requirements and the unsecured credit limits and boards of directors of the FHLBank System.

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Renewing the Debate on GSE Reform

By: ameer@trustedteam.com

Although behind the scenes conversations between the Trump administration and mortgage industry players have made some observers more optimistic about GSE reform, plenty of critics remain unconvinced.

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Trump Pushes GSEs to Jumpstart Big Homebuilder Production

By: ameer@trustedteam.com

FHFA Director Bill Pulte says he plans to meet with the big builders individually to find ways for them to accelerate their production. Industry insiders say it will be...

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Reviewing the Reverification Process for GSE Loans

By: ameer@trustedteam.com

Fannie Mae is allowing lenders more flexibility in how they reverify loan applications and appraisals. At the end of the day, Fannie just wants to make sure that the...

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GSEs Update Seller/Servicer Guides

By: ameer@trustedteam.com

Fannie modifies how it treats income from ADUs; Freddie requires large servicers to undergo annual AICPA security examinations.

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Smaller Lenders Gain GSE Market Share

By: ameer@trustedteam.com

While market share of small- and mid-sized nonbank lenders grew, there was some leakage at the large nonbank lenders. Large mortgage companies’ market share fell sequentially to 53.8% from...

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Amid looming layoffs, CFPB is hiring attorney-advisors

By: ameer@trustedteam.com

The Consumer Financial Protection Bureau has announced job openings for attorney-advisors to represent the agency in defensive and appellate litigation.

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Exclusive: Trump admin lays off Treasury CDFI staff

By: ameer@trustedteam.com

The Office of Management and Budget issued reduction in force notices to Treasury staff working in the Community Development Financial Institution office Friday, saying that the layoffs are necessary...

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