It's a DC news blitz

On Monday, Biden announced the nomination of Alanna McCargo, senior advisor at HUD and a veteran of the Urban Institute, for Ginnie Mae president.

Was this newsletter forwarded to you? Sign up here. Good afternoon —   There has been a flood of news affecting the mortgage industry out of D.C. this week!   On Monday, Biden announced the nomination of Alanna McCargo, senior advisor at HUD and a veteran of the Urban Institute, for Ginnie Mae president.   Then yesterday, the Treasury announced it was removing the PSPA restrictions on Fannie Mae and Freddie Mac that limited their buying of loans for investment properties. Those restrictions, which were made a week before the Trump administration left office, were poorly received by the mortgage industry.   And just today, the FHFA announced it is seeking comments on a proposed rulemaking that would amend the Enterprise Capital Framework by refining the leverage buffer amount and CRT framework for the GSEs. (That story is being written as we speak.)   Amid it all, we are still awaiting an announcement about the next FHFA director, which had been rumored to happen Monday. It is unclear if Mike Calhoun, whose name had been widely circulated, is still in the running.   We're covering it all to provide the most up-to-date information on the news that affects your business.    Stay tuned —   Sarah Wheeler HousingWire Editor in Chief Daryl Fairweather on the housing shortage, climate change    Today's episode features Redfin's Daryl Fairweather as she discusses the housing shortage, the current market, and climate change. Listen now Deconstructing Trump-era restrictions on Fannie & Freddie    The Biden administration has unwound much of Mnuchin and Calabria's parting gift to the industry, removing Fannie Mae and Freddie Mac caps on investment properties, "higher-risk" loans and more. HW+ Premium Content ServiceLink Report Shows How COVID-19 Spurred Homebuying & Refinance Trends Want to know how you can attract new customers? Read actionable takeaways in the ServiceLink State of Homebuying Report. Survey data from 1,000 homeowners nationwide showcases consumers' priorities and expectations for the mortgage process. Download the report. Sponsored by ServiceLink The purchase mortgage market continues to pick up steam    The increase in mortgage application volume was predominantly driven by purchase activity, which grew by 8% from the week prior, the MBA said. Keep Up With the Latest Third Party Origination News   Want to stay up to date with the latest on the third party origination front? We designed a specific news hub with lenders and brokers in mind, with Rocket Pro TPO leading the discussion. Presented by Rocket Pro TPO Homebot brings new meaning to past client relationships The award winning client-for-life portal is helping tens of thousands of lenders foster meaningful relationships with their clients. See how lenders across the nation are maximizing their repeat and referral business. Learn More. Sponsored by Homebot HousingWire, 433 East Las Colinas Blvd., Suite 830, Irving, TX 75039, (469) 893-1480 Manage preferences

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