FHFA to Require Race-Conscious Housing Plans from Fannie Mae, Freddie Mac
The Federal Housing Finance Agency today announced that Fannie Mae and Freddie Mac will be required to submit annual “equitable housing finance plans” by the end of the year.
The Federal Housing Finance Agency today announced that Fannie Mae and Freddie Mac will be required to submit annual “equitable housing finance plans” by the end of the year.
Questions and answers from the July/August 2021 ABA Regulatory Policy and Compliance Inbox.
As part of the Biden administration’s effort to increase the supply of affordable housing, the Federal Housing Finance Agency today announced that effective immediately, Fannie Mae and Freddie Mac will be permitted to invest up to $850 million annually in the Low-Income Housing Tax Credit market as equity investors.
The Supreme Court yesterday invalidated the Centers for Disease Control and Prevention’s new eviction moratorium, ruling that those challenging the moratorium are “virtually certain to succeed on the merits of their argument that the CDC has exceeded its authority.”
The Federal Housing Finance Agency today updated its guidelines for adverse and non-adverse classification of assets at Fannie Mae, Freddie Mac and the Federal Home Loan Banks.
Closed-end mortgage originations increased 65.2% in 2020, driven primarily by an increase in mortgage refinance loans, according to a new review of Home Mortgage Disclosure Act data released by the Consumer Financial Protection Bureau today.
The Federal Housing Finance Agency today proposed changes to Fannie Mae and Freddie Mac’s affordable housing goals for the 2022-2024 period.
The Department of Housing and Urban Development and the Federal Housing Finance Agency today announced a memorandum of understanding regarding fair housing and fair lending coordination.
To help expand access to credit for borrowers with limited credit histories, the Federal Housing Finance Agency today announced that beginning next month, Fannie Mae will consider rental payment history in its underwriting decision-making process.
The Consumer Financial Protection Bureau today released a report highlighting data collected from 16 bank and non-bank mortgage servicers between Dec. 2020 and April 2021.