Housing Finance

FHFA Further Extends Support for Borrowers

Filed in Advocacy, Disaster Response, Housing Finance by on September 24, 2020 0 Comments
FHFA Further Extends Support for Borrowers

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will extend buying qualified loans in forbearance and several loan origination flexibilities until Oct. 31, 2020. 

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Federal Reserve Releases Plan to Reform Community Reinvestment Act

Filed in Housing Finance by on September 21, 2020 0 Comments
Federal Reserve Releases Plan to Reform Community Reinvestment Act

The Federal Reserve on Monday issued an Advance Notice of Proposed Rulemaking (ANPR) that invites public comment on an approach to modernize the regulations that implement the Community Reinvestment Act (CRA).

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NAHB Podcast: CDC Eviction Moratorium is Bad for Housing

Filed in Advocacy, Housing Finance, Multifamily by on September 11, 2020 2 Comments
NAHB Podcast: CDC Eviction Moratorium is Bad for Housing

On the latest episode of Housing Developments, NAHB CEO Jerry Howard and Chief Lobbyist Jim Tobin discuss the recently-announced eviction moratorium, enforced by the U.S. Centers for Disease Control, and discuss a key race in the Senate.

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FHFA and FHA Extend Single-Family Foreclosure and Eviction Moratoriums Through Dec. 31, 2020

Filed in Advocacy, Disaster Response, Housing Finance by on August 28, 2020 0 Comments
FHFA and FHA Extend Single-Family Foreclosure and Eviction Moratoriums Through Dec. 31, 2020

Both FHFA and FHA said these moves were made to protect borrowers and renters who are at risk of losing their home due to the COVID-19 pandemic. The Federal Housing Administration is also extending its foreclosure and eviction moratorium through the end of the year for home owners with FHA-insured single-family mortgages.

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FHFA Extends Purchases of Loans in Forbearance

Filed in Advocacy, Housing Finance by on August 26, 2020 0 Comments
FHFA Extends Purchases of Loans in Forbearance

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will extend buying qualified loans in forbearance until Sept. 30, 2020.

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Fannie, Freddie to Delay Mortgage Refinancing 0.5% Surcharge Until Dec. 1

Filed in Advocacy, Housing Affordability, Housing Finance by on August 25, 2020 1 Comment
Fannie, Freddie to Delay Mortgage Refinancing 0.5% Surcharge Until Dec. 1

After strong opposition from NAHB and many other housing, consumer advocacy, and banking groups, the FHFA said today that it has ordered Fannie Mae and Freddie Mac to delay until Dec. 1, 2020, the implementation of a new 0.5% surcharge on mortgage refinances.

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NAHB, Housing, Consumer Advocacy and Banking Groups Oppose Fannie Mae, Freddie Mac Action to Raise Refinancing Costs

Filed in Advocacy, Housing Affordability, Housing Finance by on August 13, 2020 3 Comments
NAHB, Housing, Consumer Advocacy and Banking Groups Oppose Fannie Mae, Freddie Mac Action to Raise Refinancing Costs

In a move strongly opposed by NAHB, housing, consumer advocacy and banking groups, Fannie Mae and Freddie Mac announced they will charge a 0.5% fee on refinance mortgages they purchase as of Sept. 1.

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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.

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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.

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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.

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