In a busy week at the Mortgage Bankers Association’s annual conference, Freddie Mac rolled out an expansion of its repurchase alternative pilot. Officials also defended the closed-end second-lien pilot.
The far-reaching impacts of shifting from Classic FICO to a combination of FICO 10 T and VantageScore 4.0 have lenders worried about customer relations and fair lending problems.
Housing advocates say weaker goals don’t give the GSEs enough incentive to support underserved communities; lenders say they give needed leeway when markets are unpredictable.
The FHLBank is extending the terms and reducing the haircut on collateral pledged by non-depository CDFIs and state-chartered HFAs (which technically aren’t even members).
A new advisory bulletin streamlines the application process for an affordable housing subsidy and makes the rules more compatible with those of other affordable housing funders.
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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