In executing its 11th Credit Insurance Risk Transfer transaction of 2022 for $343 million, the GSE continues its effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market.
Read More »Forbearance Volume Rises for First Time in 29 Months
The impact of Hurricane Ian in the Southeast U.S. forced the share of mortgage loans in forbearance slightly upward in October, as an approximately 350,000 U.S. homeowners are now in forbearance plans.
Read More »HUD Expands Flood Insurance Options for Homeowners
A recent announcement revealed HUD, through the Federal Housing Administration, will allow private flood insurance policies on insured single-family mortgages in special flood hazard areas.
Read More »CFPB Calls Out Servicers for Violations of the Fair Credit Reporting Act
In the Bureau’s Fall 2022 report, some mortgage servicers were cited for violations of federal law by charging sizable phone payment fees and for charging consumers fees while they were in CARES Act forbearances.
Read More »Analysis: GSE Report on Single-Family Guarantee Fees
Pursuant to the Housing and Economic Recovery Act of 2008, the FHFA has released its annual report on single-family guarantee fees charged by Fannie Mae and Freddie Mac.
Read More »Rep. Waters Addresses HUD’s Housing Assistance Payments
Rep. Maxine Waters, Chair of the Financial Services Committee, said HUD's draft solicitation could have a “negative impact” on the nation’s supply of affordable housing options.
Read More »HUD Accuses Oklahoma Housing Provider of Racial Discrimination
HUD has found an Oklahoma property management company in violation of the Fair Housing Act by failing to satisfactorily respond to cases of racial harassment.
Read More »Report Highlights the FHA’s Role in Affordable Financing
In its annual report, the FHA highlighted its role in supporting affordable home financing for first-time buyers and borrowers of color, as well as the assistance provided to struggling homeowners.
Read More »FHFA Announces 2023 GSE Multifamily Loan Purchase Caps
Looking to address the need for more affordable housing options, the FHFA will require that at least 50% of the GSE’s multifamily business be mission-driven affordable housing.
Read More »The Week Ahead: Increasing Regulatory Oversight on Main Street America
An upcoming Senate Banking Committee hearing will examine the state of Main Street, featuring testimony from top-ranking members of the FDIC, OCC, NCUA, and Federal Reserve.
Read More »