A look at stories across HousingWire’s weekend desk … with more coverage to come on bigger issues: The Federal Deposit Insurance Corp. is expected to unveil suggested guidelines for the new qualified residential mortgage rule on Tuesday. The rule, part of the Dodd-Frank reform act, will create a qualified residential mortgage standard for banks to follow when originating loans. Once the parameters of what classifies as a qualified residential mortgage are in play, mortgage lenders outside QRM guidelines will be forced to retain a 5% credit risk on those loans. The FDIC is expected to vote on the proposed rule Tuesday, according to Glen Corso, managing director of the Community Mortgage Banking Project.  “This means the substantive work on the rule has been completed, and that all of the regulators have signed off on the proposal,” Corso said. “It appears that the FDIC will move first on the rule, and we expect that the other agencies — OCC, the Fed, HUD, SEC and the FHFA — will be approving the rule in the days following the FDIC’s action.” After the rule is approved by all six agencies, it will be published in the Federal Register for a public comment period expected to last for at least 60 days. House Republicans serving on the Financial Services Committee will introduce six bills this week outlining their suggestions for overhauling Fannie Mae and Freddie Mac, MarketWatch reported. The House Financial Services Committee will discuss the proposed bills at a hearing on March 31. A vote on the proposed legislation will follow several days later on April 5. Homebuilder PulteGroup Inc. (PHM) is terminating a $250 million revolving credit facility on March 30, in a move that will reduce its overall operating costs. As part of the transaction, the homebuilder will record a $1.3-million charge on its balance sheet in the first quarter. “Over the past 36 months, PulteGroup has paid down more than $3.1 billion of senior debt and other bond obligations,” said Roger A. Cregg, executive vice president and CFO. “With $1.5 billion in cash on our balance sheet at year end, we have ample liquidity to fund current operations and near-term growth opportunities.” A former Fannie Mae executive who worked in the Clinton administration remains on President Obama’s short list of possible replacements for FBI Director Robert Mueller. Mueller’s term expires in September, The Wall Street Journal reported. What makes former Fannie Vice Chairman Jamie Gorelick’s presence on the list a hot topic is the fact that her name is mentioned in a 2006 special report on the pay and operating practices at Fannie Mae. In that report, government researchers accuse Fannie Mae’s “senior management” of promoting “an image of an enterprise as one of the lowest-risk institutions in the world” when in fact the findings “show that risks at Fannie Mae were greatly understated.” During that time period — 1998 to 2003 — Gorelick was vice chairman at Fannie and Franklin Raines was still CEO. The report also criticized executive compensation packages. According to the report, Gorelick received more than $26 million in compensation between 1998 and 2003. The Office of the Comptroller of the Currency is warning financial institutions about a new practice in which companies are marketing distressed real-estate owned assets through exchange programs with national banks. The OCC said the programs reportedly reduce a company’s nonperforming assets by allowing them to exchange distressed REO assets for interest in another asset that is performing. Generally, the performing asset in the trade is often equity interest in the entity acquiring the REO or a trade for a large volume of lines, including home equity lines of credit, the OCC said. “These programs can raise significant safety and soundness, legal, and accounting concerns and the Office of the Comptroller of the Currency strongly encourages national banks to consult with their supervisory offices before entering into any such agreements,” the regulatory agency said in a statement. The Illinois Department of Financial & Professional Regulation-Division of Banking and the FDIC shut down the Bank of Commerce in Wood Dale, Ill. on March 25. All deposits have been transferred to Advantage National Bank Group in Elk Grove Village, Ill., the FDIC said. The former Bank of Commerce location will remain open, but as a branch of the Advantage National Bank Group. Write to Kerri Panchuk.