Setting Purpose Via Prices
With Republicans on the anti-LLPA warpath, FHFA is hoping to preserve as much of the current fee structure as possible without paying too high a political price, issuing a request for information (RFI) in hopes that letter-writing will keep everyone busy until Congress moves on to other matters. If FHFA does redefine the capital thresholds by which pricing is judged, it could well also redefine the products the GSEs will purchase.
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.