Purchase-mortgage business held steady in Fannie/Freddie MBS issuance in July while refinance volume continued to drop. (Includes two data charts.)
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Beginning in March 2023, GSE servicers will have to retain fair lending data. FHFA set the requirement, citing lessons learned during the pandemic.
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The GSEs earned a combined $20.5 billion in theoretical net income under the severely adverse economic scenario of the 2022 stress tests. But those returns would vanish if they had to reserve for deferred tax assets.
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The regulator of the GSEs rejiggers its leadership team, firming up supervision of its Divisions of Housing Mission and Goals and Bank Regulation.
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