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This year's assessment for Fannie Mae and Freddie Mac is the first to take into account a January agreement between the Federal Housing Finance Agency and the Treasury Department that allowed the companies to retain more earnings.

Robert Bennett, CPA, is the vice president of tax and legislation at Corvee, a software and solutions company serving tax and accounting firms, where he works as part of the team that develops and maintains the Corvee Tax Planning software.

The guarantor of mortgage-backed securities has been without a Senate-confirmed president for four and a half years. The vacancy makes it difficult for other government agencies to coordinate housing objectives, according to stakeholders.

The Department of Housing and Urban Development and Federal Housing Finance Agency, which supervises Fannie Mae and Freddie Mac, formed a pact to share information and coordinate investigations of potential fair-lending violations.

The new all-in-one brokerage aims to avoid the "one-size-fits-all approach,"Rocket Homes CEO Doug Seabolt said.

The companies are investing more in government-insured equity withdrawal products for borrowers ages 62 and up, which offer higher returns.

Peter Tufano is a professor of finance and former dean at Oxford University’s Saïd Business School as well as a visitor at Harvard Business School and Harvard Kennedy School.

Daniel Schneider is a professor of public policy and sociology at Harvard Kennedy School.

Bob Neuhaus is executive managing director at J.D. Power.

Jessica Perna is a Tax Partner in Private Client Services, Financial Services Organization at Ernst & Young LLP.