In lender letters issued this week, Fannie Mae and Freddie Mac announced that any loans purchased by the GSEs after July 1, must conform to the requirements outlined in the Consumer Financial Protection Bureau’s recently finalized QM final rule—effectively signaling the end of the so-called “GSE-patch.”
In two comment letters to the Federal Housing Finance Agency last week, the American Bankers Association weighed in on proposed changes to liquidity requirements for Fannie Mae and Freddie Mac, as well as proposed changes to resolution planning requirements for the two GSEs.
In a letter to the Federal Housing Finance Agency today, the American Bankers Association cautioned against using housing goals for Fannie Mae and Freddie Mac as a proxy to reduce the GSEs’ purchase of certain loan types in an effort to shrink their overall footprint.
The American Bankers Association today offered feedback to the Federal Housing Finance Agency on appraisal-related policies and practices for Fannie Mae and Freddie Mac, noting that it “fully supports creating new alternatives to the traditional appraisals available in the market today.”
The Federal Housing Finance Agency announced yesterday that it would extend through March 31, a moratorium on foreclosures and real estate owned evictions for single-family mortgages backed by Fannie Mae or Freddie Mac. The current moratorium was set to expire on March 31.
The Federal Housing Finance Agency today issued the metrics on which it will assess the 2021 performance of Fannie Mae, Freddie Mac, and Common Securitization Solutions, their jointly owned securitization platform.
The Federal Housing Finance Agency today issued a request for input seeking feedback on how climate change and natural disasters could pose risks to the housing finance system, Fannie Mae and Freddie Mac and the Federal Home Loan Banks.
As part of the ongoing effort to remove Fannie Mae and Freddie Mac from government conservatorship, FHFA and the Treasury Department last night announced that it would allow the GSEs to retain earnings until they meet the capital requirements established in the 2020 GSE capital rule.
The American Bankers Association submitted a comment letter today supporting a proposed rule by the Federal Housing Finance Agency on the process of approving GSE enterprise products.
The Federal Housing Finance Agency today outlined how Fannie Mae and Freddie Mac will work to improve the distribution and availability of safe and sound residential mortgage financing in underserved markets in 2021.