Housing Finance
Biden Replaces FHFA Director Following Supreme Court Ruling
President Biden moved quickly to replace Federal Housing Finance Agency (FHFA) Director Mark Calabria after the U.S. Supreme Court ruled today that the FHFA director can be removed at will. This evening he named Sandra L. Thompson as Acting Director of FHFA.
FHA Acts to Remove Homeownership Barriers for Those With Student Loan Debt
At NAHB’s urging, the Federal Housing Administration (FHA) today announced updates to its student loan monthly payment calculations to take steps to remove barriers and provide more access to affordable single-family FHA-insured mortgage financing for creditworthy individuals with student loan debt.
FHFA Extends COVID-19 Multifamily Forbearance Through Sept. 30, 2021
The Federal Housing Finance Agency announced today that Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through Sept. 30, 2021, subject to the continued tenant protections FHFA has imposed during the pandemic. The programs were set to expire June 30.
NAHB’s Longtime Housing Finance Legend, David Ledford, Retires
After nearly four decades of service, David Ledford, NAHB executive vice president for Housing Finance and Regulatory Affairs, retired on May 7.
OCC May Rewrite Community Reinvestment Act Regulations
The Office of the Comptroller of the Currency (OCC) yesterday announced it would reconsider a rule finalized by the Trump administration to modernize the Community Reinvestment Act (CRA) regulations.
FHFA Seeks Input on Eligibility Requirements for Short-Term Rental Units
The Federal Housing Finance Agency (FHFA) yesterday issued a Request for Input on Fannie Mae and Freddie Mac’s eligibility requirements for mortgages in condominium, cooperative, and planned unit development projects where a large portion of units are offered for short-term rental (30 days or less) or are used primarily for the purpose of vacation or recreational lodging.
Collaboration Between Builders and Appraisers Key to Navigating Rising Lumber Prices, Freddie Mac Says
As lumber prices continue to rise, home builders face challenges selling homes that accurately reflect the increased costs of construction. Collaboration between builders and appraisers can help mitigate issues.
CFPB Delays Mandatory Compliance Date for General QM Rule
The Consumer Financial Protection Bureau (CFPB) has formally delayed the mandatory compliance date of the General Qualified Mortgage (QM) final rule from July 1, 2021 to Oct. 1, 2022.
Bringing Housing Home: Rising Lumber Prices Tops the Agenda
Bringing Housing Home®, the premier grassroots event of the year, will take place during the week of May 3. Every NAHB member is encouraged to meet with U.S. representatives and senators in their home districts.
FHFA Further Extends Some COVID-Related Loan Flexibilities
The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will extend some temporary loan origination flexibilities until May 31, 2021, including alternative appraisals on purchase and rate-term refinance loans.
