To meet FHFA’s new mission-driven purchase volume requirements, Freddie Mac will modify its guarantee-fee discounts for low-, very-low- and moderate-income loans.
House Financial Services Committee Chair Maxine Waters, D-CA, wants various rules and regulations introduced during Trump’s presidency to be rescinded or replaced.
A federal judge found that the government’s failure to provide evidence in a timely manner violated the defendants’ constitutional right to a speedy trial. But the case was dismissed without prejudice.
A new rule proposed by the FHFA this week would ensure Fannie Mae and Freddie Mac “stay focused on their core mission and do not stray into business the market already serves well” after they exit conservatorship.
Industry watchers said a blue wave would stall GSEs’ recapitalization and exit from conservatorship and likely send FHFA Director Mark Calabria packing.
Under the Fed’s framework, which in many ways differs from the OCC’s final rule, a bank’s mortgage lending performance will be evaluated in two ways: a retail test and community development measurement.