Bank trade groups raised concerns that a recent request for input from FHFA “appears to contemplate significant regulatory action not undertaken at Congress’ direction.”
Many mortgage industry trade groups believe changing the mission of the Federal Home Loan Bank system is Congress’ responsibility rather than that of the FHFA.
As soon as July, FHFA plans to issue a proposed rule that would establish standards for the GSEs related to returns on capital for new single-family mortgage acquisitions.
Nearly all of the top 30 GSE sellers managed to increase deliveries to the enterprises in the second quarter, helping drive a 33.1% sequential bump in sales. Even so, year-to-date deliveries were down slightly. (Includes two data tables.)
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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