Supporters of the program say the expanded use of second mortgages is a less costly way for homeowners to access their home equity when interest rates are high. But they worry about the pilot’s restrictions.

Two of the new proposed rules are directed at Fannie Mae and Freddie Mac. The other three relate to the Federal Home Loan Banks.

The data release is a critical step in the enterprises’ long-awaited and controversial transition to a new credit score model.

A new advisory bulletin from FHFA spells out how the enterprises must respond to a “high-severity operational loss event.”

Ironically, providers of attorney opinion letters — an alternative to title insurance — may need insurance to compete with title insurers.

Researchers say Fannie’s new social index serves as a successful spec pool story, generating meaningful pay-ups for social bonds that can help subsidize mission-related activities.

Despite thousands of responses to its RFI, FHFA has settled on a list of protections that is unlikely to make tenants feel much safer.

The FHLBank of Chicago followed the FHLBank of San Francisco in accepting mortgage collateral that uses the new credit score model.

Patrice Ficklin is leaving the CFPB to return to Fannie after a 15-year absence.

Researchers find that the climate-related increase in flood damage will boost the cost of subsidizing federal mortgage programs by 44% over the next 30 years. That doesn’t include the costs to homeowners, lenders, insurers or MBS investors.