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The GSEs updated their rules for condo loans. Will they be helpful or harmful?

Fannie Mae, FHFA, Freddie Mac, GSEs, HWmember, LendingLife, Mortgage, NAMB, Regulatory /

Fannie Mae and Freddie Mac last week enacted updates to condominium project standards and property insurance rules for one- to four-unit properties and larger developments, aiming to lower costs for homeowners. The moves have been met with mixed opinions from mortgage professionals. The updates, which Fannie Mae and Freddie Mac announced on March 18, allow greater leeway […]

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Pulte makes new fraud allegations against New York AG James

FHFA, Fraud /

Federal Housing Finance Agency Director Bill Pulte has sent letters to the Department of Justice encouraging prosecutors to open new fraud investigations into New York Attorney General Letitia James related to real estate.  Processing Content Pulte wrote separately to the US attorneys for the Southern District of Florida and Northern District of Illinois in letters

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Fannie Mae, Freddie Mac revise condo insurance standards

Affordability, Fannie Mae, FHFA, Freddie Mac, GSEs, Homeowners insurance, HWmember, Mortgage, Regulatory /

Fannie Mae and Freddie Mac on Wednesday announced updates to condominium project standards and property insurance requirements for one- to four-unit properties and project developments, with a stated goal of reducing costs for homeowners. “We are replacing a disruptive and expensive Biden insurance mandate with commonsense policies for today’s market,” Bill Pulte, director of the

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FHFA loosens insurance rules targeting condos, rural loans

Condos and HOAs, FHFA, Homeowners insurance, Mortgages, Secondary markets, Servicing /

The Federal Housing Finance Agency and the government-sponsored enterprises have opened up some new insurance options for borrowers, departing from a strict coverage mandate for single-family homes. Processing Content Fannie Mae, Freddie Mac and the agency also known as US Federal Housing, partially relented on “replacement cost only” rules. Roofs no longer need to be

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FHFA plan renews its effort to grow counterparty oversight

FHFA, Politics and policy, Secondary markets, U.S. Fintech /

The Federal Housing Finance Agency’s latest performance review plan emphasizes interest in having more power to review Fannie Mae and Freddie Mac’s business partners. Processing Content “Currently, US Federal Housing does not have statutory authority to oversee third-party service providers. These third-party relationships can potentially pose risks,” the agency — which Director Bill Pulte alternately

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Trump executive orders target housing supply and mortgage credit

CFPB, Donald Trump, FHFA, Housing Market, HUD, HWmember, Mortgage, Regulatory, Trump administration /

President Donald Trump on Friday announced two executive orders that aim to increase the U.S. housing supply and consumer access to mortgage credit. One of the orders directs various federal agencies — including the U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) — to work together on reviewing

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Anthropic sues US government over supply chain risk label

Artificial Intelligence, FHFA, Mortgage technology /

Anthropic PBC sued the Defense Department for declaring that the artificial intelligence giant posed a risk to the US supply chain, further ramping up a high-stakes dispute with the Pentagon over safeguards on the company’s technology. Processing Content San Francisco-based Anthropic is challenging a decision by the department and other federal agencies like the Federal

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FHFA sued to release fraud investigation records

FHFA, Fraud, Politics and policy /

Nonprofits and journalists are suing the Federal Housing Finance Agency to gain access to records on its fraud investigations and enforcement activity. Processing Content The agency is facing four Freedom of Information Act lawsuits, for allegedly ignoring public records requests. While the FHFA has moved to defend itself in those cases, it has also hinted

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AI will ease the home-price crisis, if state lawmakers let it

AI will ease the home-price crisis, if state lawmakers let it

Artificial Intelligence, FHFA, Mortgages, Regulation and compliance, Trump administration /

The federal government should step in to prevent an emerging patchwork of state regulations from stifling the benefits of applying the tools of generative artificial intelligence to the mortgage market, writes Leah Price, of the Tinman AI Platform.Adobe Stock The federal government in December took the first steps toward steamrolling any potential bottlenecks that states

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FHFA goes ahead with repeal of Biden fair lending rule

FHFA goes ahead with repeal of Biden fair lending rule

Affordable housing, Fair Housing Act, FHFA, Regulation and compliance /

The Federal Housing Finance Agency is not making changes to its proposed repeal of the Biden Administration’s Fair Lending, Fair Housing and Equitable Housing Finance Plans regulation it first published for comment in July. Processing Content The rule is also identified as part 1293 and the current version was put into place in April 2024.

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