Housing Finance

NAHB Working to Minimize COVID-19’s Impact on Rental Market

NAHB Working to Minimize COVID-19’s Impact on Rental Market

As the economic damage caused by the COVID-19 outbreak continues to spread, NAHB is leading the charge in calling on Congress to provide rental assistance to the nation’s renters and housing providers. Emergency rental assistance will keep tenants in their homes and ensure the financial viability and stability of the rental housing industry.

Continue Reading »

NAHB Commends Confirmation of Dana Wade as FHA Commissioner

Filed in Housing Finance by on July 29, 2020 0 Comments
NAHB Commends Confirmation of Dana Wade as FHA Commissioner

The Senate on July 28 voted to confirm Dana Wade as the Federal Housing Administration commissioner. She was the acting FHA commissioner from July 2017 to June 2018.

Continue Reading »

FHFA Issues Housing Goals for Fannie Mae and Freddie Mac

Filed in Housing Finance by on July 21, 2020 0 Comments
FHFA Issues Housing Goals for Fannie Mae and Freddie Mac

The Federal Housing Finance Agency (FHFA) has proposed its 2021 housing goals for Fannie Mae and Freddie Mac. Due to the economic uncertainty related to the COVID-19 national pandemic, FHFA is proposing benchmarks for calendar year 2021 only, and those levels will remain the same as they were for 2018-2020. Once finalized, the proposed benchmark levels would extend those benchmarks that are currently set to expire on Dec. 31, 2020.

Continue Reading »

FHFA Extends Loan Processing Flexibilities Through Aug. 31

Filed in Disaster Response, Housing Finance by on July 9, 2020 0 Comments
FHFA Extends Loan Processing Flexibilities Through Aug. 31

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will extend several loan origination flexibilities until Aug. 31, 2020, to ensure continued support for borrowers during the COVID-19 national emergency. The flexibilities were set to expire on July 31.

Continue Reading »

FHA Extends Appraisal Program Through Aug. 31

Filed in Housing Finance by on June 30, 2020 0 Comments
FHA Extends Appraisal Program Through Aug. 31

The Federal Housing Administration (FHA) has announced it will allow exterior-only and desktop appraisals on FHA single-family programs affected by COVID-19 to be extended through Aug. 31.

Continue Reading »

Fannie Mae and Freddie Mac Extend Forbearance for Multifamily Property Owners

Filed in Disaster Response, Housing Finance, Multifamily by on June 29, 2020 0 Comments
Fannie Mae and Freddie Mac Extend Forbearance for Multifamily Property Owners

The Federal Housing Finance Agency (FHFA) has announced that Fannie Mae and Freddie Mac (the Enterprises) are allowing servicers to extend forbearance agreements for multifamily property owners with existing forbearance agreements for up to three months, for a total forbearance of up to six months.

Continue Reading »

CFPB Proposes Two Rules to Address GSE Patch

Filed in Codes and Standards, Housing Finance by on June 22, 2020 0 Comments
CFPB Proposes Two Rules to Address GSE Patch

The Consumer Financial Protection Bureau (CFPB) issued two rulemaking proposals today to address the Government-Sponsored Enterprises patch (GSE Patch) for Fannie Mae and Freddie Mac that is set to expire in January 2021 or when Fannie and Freddie exit conservatorship, whichever comes first.

Continue Reading »

FHFA and FHA Extend Foreclosure and Eviction Moratoriums Through August

Filed in Disaster Response, Economics, Housing Finance by on June 17, 2020 7 Comments
FHFA and FHA Extend Foreclosure and Eviction Moratoriums Through August

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will extend their moratorium on single-family foreclosures and evictions until at least Aug. 31, 2020.  The foreclosure and eviction moratorium applies to Fannie Mae and Freddie Mac-backed single-family mortgages only. The Federal Housing Administration is also extending its foreclosure and eviction moratorium through the end of August for home owners with FHA-insured single-family mortgages.

Continue Reading »

FHFA Releases New Capital Rule for Fannie Mae, Freddie Mac

Filed in Codes and Standards, Housing Finance by on May 22, 2020 0 Comments
FHFA Releases New Capital Rule for Fannie Mae, Freddie Mac

The Federal Housing Finance Agency (FHFA) today re-proposed a 2018 plan to establish a new regulatory capital framework for Fannie Mae and Freddie Mac. The proposed rule is a critical step toward FHFA’s goal to release the two government-sponsored enterprises from conservatorship.

Continue Reading »

OCC Finalizes Rules to Update Community Reinvestment Act Regulations

Filed in Codes and Standards, Housing Finance by on May 20, 2020 0 Comments
OCC Finalizes Rules to Update Community Reinvestment Act Regulations

The Office of the Comptroller of the Currency (OCC) today announced final rules to update the agency’s regulations under the Community Reinvestment Act (CRA). NAHB submitted comments on the proposed rule issued by the Federal Deposit Insurance Corp. (FDIC) and OCC in April and we are currently examining the 372-page regulation to determine its impact on the housing community.

Continue Reading »