Critics argue the new second mortgage program is another attempt by Freddie Mac to expand its footprint. But GSE insiders say it’s already allowed under its charter.

The postponement comes just weeks after Congress passed a short-term extension of the flood insurance program’s authorization.

Industry trade groups as well as analysts believe the proposed waiver pilot is purely a political gesture and will, in fact, expose borrowers and lenders to financial risk.

Both Democrats and Republicans have little interest in GSE reform, according to discussions this week at the SFVegas conference.

The Homebuyers Privacy Protection Act has bipartisan support in the House. The bill, like its companion bill in the Senate, would amend the Fair Credit Reporting Act to prohibit the sale of consumers’ information without their approval.

Sen. Tim Scott, R-SC, called for stronger flood mitigation efforts by states, more reliable funding for NFIP and more accurate flood maps.

Katie Sweeney, CEO of the Association of Independent Mortgage Experts, is stepping down to lead AIME offshoot Broker Action Coalition.

A proposal from the Federal Communications Commission could sharply limit lead generation activity. Meanwhile, the CFPB apparently can’t do much about trigger leads and legislation in Congress hasn’t moved.

Beginning in 2024 cities and counties in California can adopt ordinances to let an accessory dwelling unit be sold or conveyed separately from the primary residence.

Income verification services provided by the IRS could continue to operate during a government shutdown; Rocket leads the way on raising loan limits; Redfin leaves NAR.