All but one of the regional banks experienced a sequential decline in net income, but most reported an increase in voluntary contributions to mission-related activities. (Includes data table.)
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Although outstanding advances increased slightly in the second quarter, most large banks and thrifts cut FHLBank borrowing from first-quarter levels. (Includes two data tables.)
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Even with the implementation of new asset haircuts and other restrictions into the private mortgage insurance eligibility requirements framework, GSE-approved insurers say they will still have large available asset buffers.
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OIG auditors were able to access the IT accounts of 179 agency employees, including one “privileged user,” who were still using the default passwords to protect their computers and accounts.
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Freddie Mac bulletins clarify how single-family sellers should deal with self-employed income and the types of public records searches required for multifamily sellers.
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Rather than leave its digs in downtown DC, as announced earlier this year, Fannie Mae opted to renew its lease, albeit with a much smaller footprint.
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The FHFA watchdog said the Division of Home Loan Bank Regulation should provide more explicit guidance on how the FHLBanks coordinate with other regulators.
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