The Federal Housing Finance Agency today 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.
Recalibrating regulations is a key part of financial agencies’ role in promoting economic growth, the Financial Stability Oversight Council said today in its annual report.
The Federal Housing Finance Agency today issued an update to “plan and prepare” for the forthcoming implementation of the Common Securitization Platform and Single Security Initiative, part of FHFA’s 2018-22 strategic plan for its oversight of Fannie Mae, Freddie Mac and the Federal Home Loan Banks that takes effect in 2019.
Since the Federal Housing Finance Agency launched a credit risk transfer program for GSEs Fannie Mae and Freddie Mac in 2013, the enterprises have transferred $60.6 billion in credit risk to private investors, amounting to about 3.3 percent of $1.8 trillion in unpaid principal balance, the FHFA said today.
The Federal Housing Finance Agency announced today that Fannie Mae and Freddie Mac’s caps for multifamily lending will shrink to $35 billion each for 2018.
The Consumer Financial Protection Bureau yesterday officially approved the final redesigned Uniform Residential Loan Application, confirming that the revised form is in compliance with Regulation B, which implements the Equal Credit Opportunity Act.
Fannie Mae and Freddie Mac will be allowed “limited re-entry” as equity investors in the market for low-income housing tax credits, the Federal Housing Finance Agency said today.
Fannie Mae today said that it earned net income of $3 billion in the third quarter, down from $3.2 billion in the second quarter.
The Federal Housing Finance Agency in its Annual Housing Report today said that both Fannie Mae and Freddie Mac failed to meet their affordable housing goals for low and very-low income buyers purchasing single-family homes in 2016.
Testifying before the House Financial Services Committee today, ABA banker Brenda Hughes outlined ABA’s principles for GSE reform, highlighting the necessity of legislative action to ensure that lenders of all sizes across the country can continue meeting the needs of mortgage borrowers.