At the time, industry attorneys were concerned the review sought by All American could take the Supreme Court beyond the analysis and determination sought in the Seila Law case...
Other matters on the government’s priority list: setting a commitment fee, resolution of the QM patch, and “any other similar changes that could impact the GSE footprint.”
The bureau indicated it could grant “a limited extension of the expiration date only as necessary” to provide for an orderly transition away from the patch.
Then again, the concept remains untested. Letting nonbanks join the FHLB system was an idea recently floated by Federal Housing Finance Agency Director Mark Calabria…