Tag: FHFA

FHFA Extends Support for Borrowers Through Nov. 30

Filed in Advocacy, Disaster Response, Housing Finance by on October 19, 2020 0 Comments
FHFA Extends Support for Borrowers Through Nov. 30

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will extend several loan origination flexibilities until Nov. 30, 2020.

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Financial Stability Oversight Council Supports FHFA Capital Proposal

Filed in Advocacy, Housing Finance by on September 28, 2020 0 Comments
Financial Stability Oversight Council Supports FHFA Capital Proposal

The Financial Stability Oversight Council voted unanimously on Sept. 25 to support a resolution in favor of the Federal Housing Finance Agency’s (FHFA) re-proposed capital framework for Fannie Mae and Freddie Mac that was issued this spring. Created by the Dodd-Frank Act of 2010, the Financial Stability Oversight Council is a committee responsible for monitoring the financial system in the United States.

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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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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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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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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.

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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.

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FHFA Issues Guidance on Home Purchases, Refinancing While in Forbearance

Filed in Disaster Response, Housing Finance by on May 19, 2020 1 Comment
FHFA Issues Guidance on Home Purchases, Refinancing While in Forbearance

The Federal Housing Finance Agency has issued temporary guidance for borrowers looking to buy a home or refinance who are in forbearance or recently ended their forbearance.

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Fannie, Freddie to Allow Desktop Appraisals on New Construction Loans

Filed in Disaster Response, Housing Finance by on March 31, 2020 0 Comments
Fannie, Freddie to Allow Desktop Appraisals on New Construction Loans

The Federal Housing Finance Agency announced several loan processing flexibilities for Fannie Mae and Freddie Mac, including allowing desktop appraisals on new construction loans.

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