FHFA to Require Race-Conscious Housing Plans from Fannie Mae, Freddie Mac
The Federal Housing Finance Agency today announced that Fannie Mae and Freddie Mac will be required to submit annual “equitable housing finance plans” by the end of the year.
Browsing: GSEs
FHFA Announces Steps to Promote Affordable Housing
As part of the Biden administration’s effort to increase the supply of affordable housing, the Federal Housing Finance Agency today announced that effective immediately, Fannie Mae and Freddie Mac will be permitted to invest up to $850 million annually in the Low-Income Housing Tax Credit market as equity investors.
FHFA Updates Guidelines for Adverse Classification of Assets at GSEs, FHLBs
The Federal Housing Finance Agency today updated its guidelines for adverse and non-adverse classification of assets at Fannie Mae, Freddie Mac and the Federal Home Loan Banks.
FHFA Proposes Changes to Fannie, Freddie Housing Goals
The Federal Housing Finance Agency today proposed changes to Fannie Mae and Freddie Mac’s affordable housing goals for the 2022-2024 period.
HUD, FHFA Enter Into MOU on Fair Housing, Fair Lending
The Department of Housing and Urban Development and the Federal Housing Finance Agency today announced a memorandum of understanding regarding fair housing and fair lending coordination.
Fannie Mae to Include Rental Payment History in Underwriting
To help expand access to credit for borrowers with limited credit histories, the Federal Housing Finance Agency today announced that beginning next month, Fannie Mae will consider rental payment history in its underwriting decision-making process.
White House Announces New COVID-19 Relief Measures for Homeowners
As more borrowers exit COVID-19 forbearance programs, the Biden administration today announced several new relief measures designed to help mortgage borrowers with loans through the Department of Housing and Urban Development, Department of Veterans Affairs and the Department of Agriculture avoid foreclosure.
ABA to Lawmakers: Don’t Use G-Fees as Funding Offset
In a letter to Sens. Kyrsten Sinema (D-Ariz.) and Rob Portman (R-Ohio) today, the American Bankers Association and a broad coalition of financial and housing trade groups urged them not to use Fannie Mae and Freddie Mac guarantee fees as a source of funding offsets for government spending.
FHFA Eliminates Controversial ‘Adverse Market Refinance Fee’
The Federal Housing Finance Agency today announced that it will eliminate a widely panned “adverse market refinance fee” of 50 basis points for no-cash-out and cash-out refinance mortgages for loan deliveries effective Aug. 1.
FHFA: GSEs to Hold off on Certain GSE Foreclosures in Light of New CFPB Rule
Following a final rule issued by the Consumer Financial Protection yesterday establishing a temporary COVID-19 emergency pre-foreclosure period under Regulation X that prohibits servicers from making the first notice or filing required to initiate foreclosure until Dec. 31, the Federal Housing Finance Agency today said that Fannie Mae and Freddie Mac servicers may not make a first notice or filing for foreclosure that would be prohibited by the CFPB rule before it takes effect.