As the Obama administration today announced the Clean Energy Savings for All Initiative — a cross-government partnership aimed at promoting energy efficiency and increasing access to solar energy, particularly for low- and moderate-income families — several agencies released new guidance on Property-Assessed Clean Energy loans.
A bipartisan group of six senators last week cautioned FHFA Director Mel Watt that taking steps toward moving Fannie Mae and Freddie Mac out of conservatorship without comprehensive reform would “perpetuate the pre-crisis practice of socializing losses and privatizing gains.”
ABA and several trade associations today wrote to Federal Housing Finance Agency Director Mel Watt repeating concerns they had previously raised about the agency’s proposal to include a question on the Uniform Residential Loan Application that asks borrowers to indicate their language preference.
Fannie Mae and Freddie Mac have sold more than 41,600 nonperforming loans as of May 31, with a total unpaid balance of $8.5 billion, according to the first Non-Performing Loan Sales Report released by the Federal Housing Finance Agency today.
In testimony before the California legislature today, the Federal Housing Finance Agency reiterated that it cannot support first-lien property-assessed clean energy programs for participation by Fannie Mae and Freddie Mac.
ABA and several trade associations today wrote to FHFA Director Watt urging the agency to omit from the Uniform Residential Loan Application a proposed question that asks borrowers to indicate their language preference.
Several financial and housing groups — including ABA — today called for Congress to tackle comprehensive reform of Fannie Mae and Freddie Mac.
Borrowers who are seriously delinquent on loans owned or guaranteed by Fannie Mae or Freddie Mac may be eligible for a one-time principal reduction to help them avoid foreclosure and stay in their homes, the Federal Housing Finance Agency announced today.
In a comment letter to the Federal Housing Finance Agency yesterday, the American Bankers Association encouraged FHFA to add greater flexibility for federal home loan banks under a proposed rule amending the acquired member assets regulation.