The concern centers on a clause that states beginning January 2022, the FHFA will cap the amount of mortgages any lender can deliver to the cash window at $1.5 billion over any four-quarter period.

The FHFA IG highlighted the agency’s failure to ensure the boards of the two GSEs are notified after its Division of Enterprise Regulation has identified serious deficiencies in management. The OIG said this has been the state of affairs since at least 2016.

The CFPB's year of discontent? Mortgage-related complaints declined 7.9% from the third to the fourth quarter but increased 9.2% overall in 2020.

Uejio first started at the bureau in 2012. He has held several positions with the agency, including lead for talent acquisition.

The government MI is waiving a section in the handbook that reads, “Non-US citizens without lawful residency in the U.S. are not eligible for FHA-insured mortgages.”

To the surprise of some, the program wasn’t heavily used by nonbank MBS issuers...

If approved by the Senate he would replace Kathy Kraninger, a business-friendly Trump-appointed official who has led the agency since 2018.

Rather than ending the net worth sweep outright and agreeing to write off some of its preferred shares, Treasury is essentially simply allowing Fannie Mae and Freddie Mac to continue their practice of retaining earnings.

Even though there was no official announcement, that policy expired on December 31.

However, details remain a closely guarded secret...