As noted in our in-depth analysis of Acting FHFA Director Thompson’s confirmation hearing, it’s clear that Democrats and Republicans are thinking hard about resurrecting statutory changes to the GSEs’ charters. They are, though, about as far apart as usual on the constructs they prefer, ….
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If At First You Don’t Succeed….
As noted in our in-depth analysis of Acting FHFA Director Thompson’s confirmation hearing, it’s clear that Democrats and Republicans are thinking hard about resurrecting statutory changes to the GSEs’ charters. They are, though, about as far apart as usual on the constructs they prefer, making the extent to which an already stressed and fractious Senate could turn to the hard bargaining needed to end the GSES’ conservatorships before FHFA is good and ready.
FHFA: Upfront G-Fee Decrease Leads Overall Decline
As required by law, FHFA today reported on Enterprise single-family g-fees in 2020, finding that these fell an average of 2bps points across all loan products compared to 2019.
CFPB Exercises All Its Might in New Enforcement Action
Continuing to strengthen its enforcement posture under Director Chopra, the CFPB today announced it is entering an order against LendUp Loans due to discriminatory lending and other illegal practices that will effectively shutter the company.
Twenty Years Long and What Do You Get?
According to a group of Senate Democrats, the answer to this question for a new class of federally-backed mortgages is “out of debt.” A new bill thus creates 20-year FRMs with 30-year FRM amortization schedules for low-income, first-generation borrowers. Treasury would then make up the difference to lenders and investors.