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FHFA clears Rocket’s $9.4B acquisition of Mr. Cooper, with safeguards

Fannie Mae, FHFA, Freddie Mac, HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Mr. Cooper, Mr. Cooper Group, Regulatory, Rocket Companies, Rocket Mortgage /

The Federal Housing Finance Agency (FHFA) said Tuesday it has allowed Fannie Mae and Freddie Mac to approve Rocket Companies’ planned acquisition of Mr. Cooper Group, noting the combined company should not exceed a 20% counterparty risk limit set for the government-sponsored enterprises (GSEs). Detroit-based Rocket announced in March that it would acquire Mr. Cooper […]

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Trump calls on Fed’s Cook to quit over mortgage probe

Federal Reserve, FHFA, Law and legal issues, Mortgage Fraud /

President Trump is demanding the resignation of Federal Reserve Governor Lisa Cook after his housing chief accused her of lying on mortgage applications. The allegations, if true, could force a shake-up at the central bank and hand Trump another appointment. “Cook must resign, now!!!” Trump wrote in a Truth Social post Wednesday, including a link

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Trump, Pulte spotlight ‘Great American Mortgage’ plan

Fannie Mae, FHFA, Freddie Mac, Politics and policy, Secondary markets /

Housing regulator Bill Pulte has posted a video that sheds a little more light on the Great American Mortgage Corporation, an entity President Trump has hinted earlier could be headed toward a public offering this year. The video Pulte posted on X promotes President Trump’s housing role and alludes to his criticism of other policymakers’

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Pulte calls on Bondi to probe Fed’s Cook over mortgages

FHFA, Law and legal issues /

The director of the Federal Housing Finance Agency is urging Attorney General Pam Bondi to investigate Federal Reserve Governor Lisa Cook over a pair of mortgages, the latest in a series of moves by the Trump administration to increase legal scrutiny of Democratic figures and appointees. FHFA Director Bill Pulte, a staunch ally of President

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The Florida Association of Mortgage Professionals pushes for condo guideline changes

Affordability, Bill Pulte, Fannie Mae, FHFA, Florida, Florida Association of Mortgage Professionals, Freddie Mac, HWmember, Mortgage, Origination, Regulatory /

Florida homebuyers are facing the same affordability challenges that other housing markets are grappling with, but with added regulatory hurdles if they want to buy a condo. The Florida Association of Mortgage Professionals (FAMP), which is hosting its annual convention this week in Orlando, is addressing those challenges head-on, looking to improve the Florida housing market

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Shareholder Edge One Capital proposes Fannie-Freddie exit without higher rates

Conservatorship, Fannie Mae, FHFA, Freddie Mac, GSE Reform, HWmember, LendingLife, Mortgage, Regulatory, Trump administration /

Edge One Capital has disclosed its stake in Fannie Mae and Freddie Mac, calling the government’s prolonged control of the mortgage giants the “largest shareholder rights violation in U.S. history.” It’s also proposing a road map to return them to private ownership without the consequence of higher mortgage rates. The Raleigh, North Carolina–based investment firm’s

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Senate bill would add unconverted crypto to mortgage underwriting equation

Bill Pulte, Cryptocurrency, FHFA, GSEs, HWmember, Legislation, Mortgage, Origination, Senate, Technology, U.S. Senate /

A new bill introduced in the Senate would require Fannie Mae and Freddie Mac to consider unconverted digital assets in mortgage underwriting. Sen. Cynthia Lummis (R-Wyo.) introduced the legislation, known as the 21st Century Mortgage Act, on Tuesday. S.B. 2471 is a response to a directive from Bill Pulte, the director of the Federal Housing

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Credit score competition reduces mortgage market risk

Credit scores, FHFA, Underwriting /

The opinions published in National Mortgage News (“Credit Scores Are Not the Issue” by Christopher Whalen; “Pulte’s hands credit bureaus an unfair edge” by Chi Chi Wu), are incorrect and misleading. Contrary to the views expressed in those pieces, competition and modernization in the mortgage credit scoring system are significantly enhanced by VantageScore being allowed to compete by the FHFA.

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FHFA plans to eliminate GSEs’ equitable housing finance plans

Fair Lending, Fannie Mae, FHFA, Freddie Mac, Government Lending, HWmember, Mortgage, Regulatory Compliance /

The Federal Housing Finance Agency (FHFA) is proposing to repeal its fair lending, fair housing and equitable housing finance rule, arguing that the regulation is duplicative that the repeal aligns with prior executive orders aimed at streamlining agency functions. The rule, finalized in May 2024 under the Biden administration, required Fannie Mae and Freddie Mac

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Barry Habib on his appointment to the Fannie Mae board

Career moves, Fannie Mae, FHFA, Politics and policy, Secondary markets /

Mortgage industry prognosticator Barry Habib was both surprised and honored that the Federal Housing Finance Agency approached him for a role on the Fannie Mae board. “I wasn’t expecting it, I didn’t solicit it, and it is an extreme honor,” Habib said in an interview with National Mortgage News. He was named to the Fannie

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