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.

In some parts of the country, the giant home builder shelled out incentives of as much as $81,700 per home delivered, most of that in the form of interest rate buydowns.

Fitch Ratings sees relatively smooth sailing for residential MBS this year while times are tough in the CMBS market, and the worst could be yet to come.

Fed researchers quantify the effect of BTFP’s use of par valuations for collateral during the 2023 banking crisis.

One issue: Because lenders don’t bear property insurance risks, they have little incentive to screen for counterparty quality...

FHFA Director Sandra Thompson said the first test of its recently instituted new products rule went well, despite the relatively short timelines. But critics of Freddie’s new pilot also asked the agency to find ways to stretch out the opportunity to comment.

FHFA issued an RFI on how to simplify and improve the efficiency of the competitive application process for the FHLBanks’ Affordable Housing Programs.

Researchers say strategic securitization by lenders exposes the GSEs to higher insurer counterparty risk, especially in regions with frequent climate-related disasters. The proposed cure: LLPAs and capital rules that compensate the GSEs for this risk.

Beginning July 1, the capital markets team at Freddie Mac will start offering multifamily giant PCs, products that will allow investors to pool larger securities and better manage their portfolios.

Brian Tomney told the House Financial Services Committee that FHFA has largely embraced OIG recommendations and has evolved from its start-up stage.