The Federal Housing Finance Agency today proposed new metrics for assessing the performance of Fannie Mae and Freddie Mac. The new benchmarks will be used to assess the GSEs’ purchasing and refinancing of single- and multi-family homes for 2018-2020.
FHFA is inviting public comment on the proposal. Comments will be due 60 days after the rule is published in the Federal Register.
Housing starts decreased by 9.8% in January from the month prior to a seasonally adjusted annual rate of 1.36 million. The rate was 0.7% below the January 2024 level.
A federal court has lifted its nationwide injunction on beneficial ownership information collection, citing a U.S. Supreme Court ruling in a separate case on the constitutionality of the Corporate Transparency Act.
President Trump issued an executive order that limits the autonomy of so-called independent agencies — including the prudential bank regulators — to issue regulations. The order exempts the monetary policy functions of the Federal Reserve.
A new ABA survey of banks and core platform providers found that just over half (53%) of bankers are “extremely” or “somewhat” satisfied with their core platform providers.
The Kentucky Bankers Association has activated its Disaster Relief Fund to provide financial support to bank employees affected by recent flooding in the state.
Genesis Bank in Newport Beach, California, agreed to buy EH National Bank in Beverly Hills for an undisclosed amount of cash.
