In proposing changes to the Suspended Counterparty Program, the Federal Housing Finance Agency has failed to explain why drastically expanding the program is necessary and why the program’s administration is not meeting the relevant policy objectives, ABA and two other banking associations said.
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ABA offered recommendations to improve proposed interagency guidance for how financial institutions may incorporate reconsiderations of value, or ROV, processes for residential real estate valuations into established risk management functions.
Rebutting erroneous claims about the FHLBs and the failure of Silicon Valley Bank.
Homeowner equity in the U.S. remains high and the percentage of homeowners with negative equity is at its lowest level in a decade, according to a new analysis by FHFA.
ABA offered feedback on the Federal Housing Finance Agency’s recent request for comment on Fannie Mae’s and Freddie Mac’s single-family pricing framework, with the association recommending regular agency reviews and transparency surrounding the guarantee fees that are a key revenue source for both government-sponsored enterprises.
The Federal Housing Administration proposed making permanent a pandemic-related rule that waives the Department of Housing and Urban Development’s requirement for mortgagees to meet in person with borrowers who are in default on their mortgage payments.
The proposed rule would authorize the suspension of business between regulated FHFA entities and counterparties found to have committed misconduct in the context of civil enforcement actions or that have committed criminal or civil misconduct in connection with the management or ownership of real property.