Browsing: GSEs

Mortgage

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.

Mortgage

Ensuring that Fannie Mae and Freddie Mac have bank-like resolution plans in place in the event the Federal Housing Finance Agency is appointed receiver “enhances the integrity of the entire Dodd-Frank orderly resolution system,” FHFA Director Mark Calabria said today during remarks at a Brookings Institution event today.

Mortgage

The Federal Housing Finance Agency today issued a request for information seeking feedback on Fannie Mae and Freddie Mac’s eligibility requirements for condominium, cooperative and planned unit development projects that have short-term rentals, operate with services and amenities similar in function to hotels and motels or may otherwise be considered transient housing.

Newsbytes

The Federal Housing Finance Agency today finalized a rule requiring Fannie Mae and Freddie Mac to develop resolution plans to facilitate their rapid and orderly resolution in the event that the FHFA is appointed receiver—similar to the resolution plans that the nation’s largest banks are required to develop.

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