In the first nine months of 2021, GSE sellers have repurchased $2.1 billion of defective loans from Fannie Mae and Freddie Mac, more than in any year since 2014. Soaring new MBS issuance is the reason.
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Mike Calhoun, CEO of the Center for Responsible Lending, was once thought to be Biden’s choice to run FHFA. Last week, he added his voice to the chorus of endorsements for Sandra Thompson’s nomination.
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The new goals don’t deviate dramatically from what the agency proposed in August, but the mulitfamily goals will only apply to 2022 instead of the usual three-year time span.
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Appraisers frequently use free-form text fields in their valuation reports to describe neighborhoods in ways that appear to violate fair lending regulations.
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