October 21, 2022

Bank Share of GSE Servicing Up Slightly in Choppy 3Q22

Heavy buying and selling in the secondary servicing market played a significant role in the third quarter ranking of GSE servicers. Chase continued to climb closer to the top rung. Read More

Banks Seek Change in FHLBank Advance Capital Requirements

FHFA applies a capital treatment to banks that differs from those used by federal banking regulators. The differences could limit banks’ ability to access Federal Home Loan Bank advances. Read More

Freddie Adds Monthly Cash Flow Activity to Underwriting

Freddie’s underwriting will include a review of a borrower’s bank account data to identify a history of positive monthly cash flow activity. Read More

Models Suggest Multiple Credit Scores Increase Risk

If FHFA allows the GSEs to accept multiple credit scores, economists worry similar scores won’t indicate the same level of credit risk. Read More

Smaller Lenders Call for FHFA’s Help on Tech Fees

FHFA should address the fees charged by Intercontinental Exchange for use of the firm’s loan origination system, according to the CHLA. Read More

OIG Maps FHFA’s 2023 Challenges

FHFA must monitor model risk, people risk and resiliency risk at regulated entities, in particular at Fannie Mae and Freddie Mac. Read More

FHLB Support for Low-Income Households Down in 2021

Funding for affordable housing and community investment programs declined across the board as the FHLBanks’ profits waned in 2021. Read More

Climate Change, Fintech in FHFA’s Plans for Fiscal 2023

Work involving climate change and financial technology found mention in the FHFA report. Read More

GSE Servicing Guide Updates Include Loan Mod Changes

Freddie is working to move servicers to the new Resolve system while Fannie set new standards for use of mortgage assistance funds. Read More

Freddie to Implement Equitable Housing Finance Plan

FHFA has allowed for expanded use of forward commitments to facilitate the development of more affordable housing. Read More

GSEs to Publish Social Index Disclosures for Single-Family MBS

The disclosures are planned to begin in December. Read More

Inside The GSEs

View Archived Issues

Bank Share of GSE Servicing Up Slightly in Choppy 3Q22

Banks Seek Change in FHLBank Advance Capital Requirements

Freddie Adds Monthly Cash Flow Activity to Underwriting

Models Suggest Multiple Credit Scores Increase Risk

Smaller Lenders Call for FHFA’s Help on Tech Fees

OIG Maps FHFA’s 2023 Challenges

FHLB Support for Low-Income Households Down in 2021

Climate Change, Fintech in FHFA’s Plans for Fiscal 2023

GSE Servicing Guide Updates Include Loan Mod Changes

Freddie to Implement Equitable Housing Finance Plan

GSEs to Publish Social Index Disclosures for Single-Family MBS

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Featured Data

Refinance Volume in GSE MBS Jumps in October

Nonbank Earnings Pummeled by MSR Losses in 3Q

Correspondents Gain Agency Market Share in Third Quarter

Second-Level MBS Issuance Slows in 3Q, CMO Down

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Agency Seller-Issuer Profile: 3Q24 (PDF)

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Mortgage Profitability Report 2Q24 (PDF)

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Featured Poll

The mortgage industry has been shedding jobs for a while now, but some lenders — particularly ones that focus on non-QMs — are talking about staffing up in anticipation of increased originations. Is your shop planning to hire this year?

Inside The GSEs

October 21, 2022

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The mortgage industry has been shedding jobs for a while now, but some lenders — particularly ones that focus on non-QMs — are talking about staffing up in anticipation of increased originations. Is your shop planning to hire this year?