The Lede

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Fannie, Freddie Will Retain $45B in Capital in First Step Toward Privatization
National Mortgage News, Sept. 30, 2019-Hannah Lang (subscription)Mortgage giants Fannie Mae and Freddie Mac will be permitted to retain a combined $45 billion worth of earnings, the Federal Housing Finance Agency announced Monday, after holding only small capital cushions of $3 billion each for seven years.
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Treasury Plan Keeps GSE Status Quo. For Now., Sept. 30, 2019--Paul FiorillaThe Trump administration's recently announced plan to reform Fannie Mae and Freddie Mac allows the agencies leeway to continue multifamily lending at recent record levels at least until the end of 2020. The plan comes as somewhat of a surprise since members of the administration--particularly Federal Housing Finance Administration Director Mark Calabria--talked during the runup to the announcement about reigning in the GSEs' market share.
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Mortgage Market Not Open to Risky Borrowers (Despite What Some Say)
HousingWire, Oct. 1, 2019--Kelsey RamirezMortgage lenders are increasingly entering the non-qualified mortgage market, but does this mean we are going back to the old subprime days? The short answer: no. (MBA mention)
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NFIP Extended Into November
National Mortgage Professional, Sept. 30, 2019--Phil HallPresident Trump has signed a continuing resolution that extends the National Flood Insurance Program until Nov 21.
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MBA Backs House Bill to Support Home Shortage and Affordability Hurdles
National Mortgage News, Sept. 30, 2019--Paul Centopani (subscription)As the affordable housing crisis comes to a head, the Mortgage Bankers Association put up opposition to the "not in my backyard" mindset by getting behind the Yes, In My Backyard bill introduced by the House.
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Data Aggregators Push Back Against Notion They Have a Fraud Problem
American Banker, Sept. 30, 2019--Penny Crosman (subscription)Data aggregators and fintechs have taken heat in recent days on the subject of cybersecurity--and they say the criticism is unfair.
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