One unintended consequence of the court ruling: The Biden administration got the greenlight to reform the GSEs without the help of Congress.

With the end of forbearance in sight for millions of borrowers, FHFA adds more protections for homeowners impacted by the pandemic.

Although most housing advocates applauded the Supreme Court’s Collins decision, shareholders argue the justices ignored key points. Nevertheless, legal experts say there’s little chance the plaintiffs will prevail when the case returns to circuit court.

Fannie and Freddie roll out deals that include green bonds, affordable housing offerings, and plain vanilla multifamily MBS.

A recent report from the Congressional Research Service suggests that it may be difficult to simultaneously raise the capital requirements for the GSEs and shrink their footprint, and still expect them to attract equity investors.

Veteran analyst Dick Bove says tapering by the Federal Reserve and meddling by the FHFA will eventually force the Biden administration to address housing-finance reform.

Small lenders believe the GSEs should offer special programs for small servicers and rural appraisals. And like their larger competitors, they don’t like the new PSPAs.

Freddie mixes up its capital offerings with social bonds in support of intellectually and developmentally challenged individuals.

Even though the GSEs actively support small lenders on the single-family side of the house, critics say their multifamily businesses continue to favor larger financial institutions.

Fannie and Freddie hope to repeat their success with green multifamily MBS on the single-family side of the business. They’re also expanding their ESG offerings into social and sustainable bonds.