Industry experts at a MISMO conference discussed the challenges of forecasting climate risk and its impact on mortgage performance.

While the GSE said in January that it planned to move its headquarters five years ahead of schedule, it will now remain in the property, but only occupy about half as much space.

The top three FHLBank borrowers at June 30: JPMorgan Chase, PNC Bank and Charles Schwab...

Qualifying income can only be determined by choosing the lesser of the stable monthly income from the borrower’s new business or from their previous income.

All but one of the regional banks experienced a sequential decline in net income, but most reported an increase in voluntary contributions to mission-related activities. (Includes data table.)

Although outstanding advances increased slightly in the second quarter, most large banks and thrifts cut FHLBank borrowing from first-quarter levels. (Includes two data tables.)

Even with the implementation of new asset haircuts and other restrictions into the private mortgage insurance eligibility requirements framework, GSE-approved insurers say they will still have large available asset buffers.

FHFA’s proposed rule responds to market trends that have made it difficult for the GSEs to meet their benchmark goals.

Freddie Mac bulletins clarify how single-family sellers should deal with self-employed income and the types of public records searches required for multifamily sellers.

OIG auditors were able to access the IT accounts of 179 agency employees, including one “privileged user,” who were still using the default passwords to protect their computers and accounts.