RFI on pay at the enterprises gets scant attention.

In particular, one clause could rankle mortgage industry participants: HUD also agreed to notify FHFA of any Fair Housing Act complaints related to counterparties of Fannie and Freddie.

Fannie CEO Hugh Frater described the change to DU as “one important step in correcting the housing inequities of the past,” adding that it will create a more inclusive mortgage credit evaluation process.

The 10 bps is passed onto the borrower in the form of a higher note rate. Trade group officials argue that wealthy homeowners generally do not use GSE loans, so they're exempt from the fee.

Nevertheless, rumors are circulating that the Biden administration is preparing to test the legal waters by having the FHA and VA extend their REO eviction moratoriums to the end of the year. These were also scheduled to end on Saturday. If that were to happen, most observers believe FHFA would follow suit.

As rents and absorption rates rise, apartment sales and mortgage originations head north.

MBA's Bill Killmer said the goal is to prevent the g-fee tax from becoming a “zombie pay-for that roams the earth forever.”

The regulator noted that both Fannie and Freddie also exceeded their loan purchase targets for manufactured housing communities with tenant pad lease protections.

Vague and undefined language in the eligibility requirements of the GSEs make it difficult for lenders to determine the mortgage eligibility of projects that include units rented on a short-term basis.

But there's a catch. Fannie and Freddie now say they will allow PMIs to issue dividends without prior approval as soon as the third quarter, provided their excess PMIERS capital levels are greater than 50%. As of the fourth quarter, the excess capital threshold falls to just 15%.