FHFA issues 2022 performance, accountability report
The Federal Housing Finance Agency on Tuesday released its annual performance and accountability report for 2022.
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FHFA plans competitions to seek fintech housing finance solutions
The Federal Housing Finance Agency plans to hold a series of “tech sprints” to solicit input on financial technology solutions that could benefit the housing market, but will first seek public comment on maximizing the information gleaned from the events, according to a public notice
ABA cautions against opening FHLB System to nonbank entities
Allowing newer, nonbank entities access to the Federal Home Loan Bank system would introduce significant risk, given that they do not have comparable capital requirements, regulation or oversight to existing FHLB members, the American Bankers Association said in recent comments to the Federal Housing Finance Agency.
Fannie Mae, Freddie Mac to require new credit score models
The Federal Housing Finance Agency today announced the approval of the FICO 10T and the VantageScore 4.0 credit score models for use by Fannie Mae and Freddie Mac.
ABA, banking groups urge changes to FHLB advance qualifications
The American Bankers Association, Independent Community Bankers of America and more than 70 state banking associations today submitted a letter to the Federal Housing Finance Agency urging it to stop using tangible capital when deciding whether financial institutions qualify for Federal Home Loan Banks advances.
FHFA seeks to amend ‘colonia’ definition for duty to serve regulation
These changes would make activities by Fannie Mae and Freddie Mac in all colonia census tracts eligible for duty to serve credit.
FHLBs’ affordable housing funding decreased in 2021
The Federal Home Loan Banks awarded approximately $352.4 million in affordable housing program funds in 2021, a 10% decline from the year before, according to a report released today by the Federal Housing Finance Agency.
FHFA to review Federal Home Loan Bank System
The Federal Housing Finance Agency announced today it will conduct a “comprehensive review” of the Federal Home Loan Bank System beginning in September.
FHFA to create affordable housing advisory committee
The Federal Housing Finance Agency announced today it will establish a federal advisory committee on affordable, equitable and sustainable housing.
FHFA adds to scope of servicers’ fair lending data collection
The data collected will include borrowers’ age, race, ethnicity, gender and language preference, effective March 2023.