The American Bankers Association today offered feedback to the Federal Housing Finance Agency on appraisal-related policies and practices for Fannie Mae and Freddie Mac, noting that it “fully supports creating new alternatives to the traditional appraisals available in the market today.”
The Federal Housing Finance Agency announced yesterday that it would extend through March 31, a moratorium on foreclosures and real estate owned evictions for single-family mortgages backed by Fannie Mae or Freddie Mac. The current moratorium was set to expire on March 31.
As the Consumer Financial Protection Bureau considers whether to revisit its recent final rules regarding the definition of Qualified Mortgage and the establishment of a “seasoned QM” category of loans, it issued a statement today addressing the compliance deadlines associated with these rules.
The Federal Housing Finance Agency today issued the metrics on which it will assess the 2021 performance of Fannie Mae, Freddie Mac, and Common Securitization Solutions, their jointly owned securitization platform.
Following an announcement from the Federal Housing Finance Agency this week extending forbearance on GSE-backed mortgages for up to an additional three months, Freddie Mac today issued guidance on how it will implement the extension.
The Federal Housing Finance Agency today issued a request for input seeking feedback on how climate change and natural disasters could pose risks to the housing finance system, Fannie Mae and Freddie Mac and the Federal Home Loan Banks.
As part of the ongoing effort to remove Fannie Mae and Freddie Mac from government conservatorship, FHFA and the Treasury Department last night announced that it would allow the GSEs to retain earnings until they meet the capital requirements established in the 2020 GSE capital rule.
The American Bankers Association submitted a comment letter today supporting a proposed rule by the Federal Housing Finance Agency on the process of approving GSE enterprise products.
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 in 2021.
The American Bankers Association submitted comments to the Conference of State Bank Supervisors last week urging that state regulators align prudential standards for nonbank mortgage servicers with those of the federal banking agencies.