Lawmakers must “determine the structure of [Fannie Mae and Freddie Mac] and the secondary mortgage market for the post-conservatorship world,” the Federal Housing Finance Agency emphasized today in its annual report to Congress.
Fannie Mae and Freddie Mac today released multiyear plans detailing how they will address systemic barriers faced by Black and Latino homeowners and renters, as required by the Federal Housing Finance Agency.
The Federal Housing Finance Agency today finalized additional public disclosure requirements for Fannie Mae and Freddie Mac.
As the Federal Housing Finance Agency considers how to transition to a new credit score model or models—as required by the 2018 S. 2155 law—ABA and several other financial trade groups urged FHFA to provide the industry with “additional data, a detailed transition plan that is subject to stakeholder input and ample time for any transition.”
The Federal Housing Finance Agency has become a member of the Network of Central Banks and Supervisors for Greening the Financial System. FHFA is highlighting the increasing risk to property from climate change, including severe structural damage caused by hurricanes, tornadoes, floods, droughts and wildfires.
In a letter to FHFA, ABA commented on the re-proposed update to standards that mortgage lenders would have to meet to sell loans to or service loans on behalf of Fannie Mae and Freddie Mac.
Fannie Mae and Freddie Mac will now require lenders to use the Supplemental Consumer Information Form, which collects information about the borrower’s language preference, if any, as well as information on any homebuyer education or housing counseling the borrower received, the Federal Housing Finance Agency announced.
The Federal Housing Finance Agency yesterday 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 between 2022 and 2024.
The Federal Housing Finance Agency has released its strategic plan for 2022-2026.
Mortgage servicers will be required to suspend foreclosure activities for up to 60 days if they are notified that a borrower has applied for mortgage assistance under the Treasury Department’s Homeowner Assistance Fund, the Federal Housing Finance Agency announced today.