Fannie Mae and Freddie Mac will allow borrowers facing hardships to defer up to six months of mortgage payments under newly enhanced payment deferral policies, the Federal Housing Finance Agency announced this week.
Revisit the critical days of March and April 2020 in Washington on the latest episode of the ABA Banking Journal Podcast.
With the Federal Housing Finance Agency working to replace the classic FICO credit score model with the FICO 10T and VantageScore 4.0 credit score models for use by Fannie Mae and Freddie Mac, the agency is seeking public feedback on its implementation plans.
The Federal Housing Finance Agency will delay the implementation of a new debt-to-income ratio-based fee until Aug. 1 to allow additional time for lenders to prepare to deploy it.
The notice is intended to communicate FHFA’s supervisory expectations for Fannie Mae and Freddie Mac “to establish and implement risk management policies and procedures for monitoring and valuing seller/servicers’ mortgage servicing rights.”
The goals use the new percentage-based methodology outlined in the proposed rule issued this summer.
These changes would make activities by Fannie Mae and Freddie Mac in all colonia census tracts eligible for duty to serve credit.
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.
Testifying before the House Financial Services Committee today, Federal Housing Finance Agency Director Sandra Thompson acknowledged the challenges currently facing the mortgage market as a result of inflation and rising interest rates.
The Federal Housing Finance Agency is seeking feedback on the role of financial technology in housing finance and the risks and challenges presented by technology throughout the mortgage lifecycle.