The 2022 book of GSE single-family business has a higher defect rate than earlier cohorts, and sellers are repurchasing loans with interest rates lower than current levels. (Includes three data charts.)
Read More
All House Republicans and 14 House Democrats voted to undo FHFA’s revision of GSE loan-level pricing adjustments. The bill would also require future changes to the grids to follow risk-based pricing.
Read More
Three providers of D&O insurance refuse to pay legal costs associated with a financial crisis-era SEC investigation into Freddie underwriting and risk-management controls for troubled MBS.
Read More
Changes to the models Fannie Mae uses for its Dodd-Frank Act stress tests increased the enterprise’s projected profits over the nine-quarter test period by $3.7 billion.
Read More
By declining to hear the case of Rop v. FHFA, the Supreme Court effectively shut down shareholder hopes of ending the net worth sweep based on the constitutionality of the appointment of FHFA’s director.
Read More
The FHFA either did not conduct, or could not document having conducted, 61% of its required parking permit inventory checks between 2019 and 2022.
Read More