Housing Finance

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.

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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.

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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.

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CFPB Proposes Two Rules to Address GSE Patch

Filed in Codes and Regulations, 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.

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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 Regulations, 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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OCC Finalizes Rules to Update Community Reinvestment Act Regulations

Filed in Codes and Regulations, 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.

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FHFA Issues Guidance on Home Purchases, Refinancing While in Forbearance

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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Economic Hopes and Concerns as States Reopen

Economic Hopes and Concerns as States Reopen

As many states move to a phased reopening of local economies, this is a key moment to prove that economic activity can occur while also limiting the spread of the virus through less intense mitigation efforts.

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Builder Credit Tightens on Virus Concerns

Builder Credit Tightens on Virus Concerns

For the first time since 2012, builders and developers reported tighter credit conditions on loans for land acquisition, development and single-family construction (AD&C) in NAHB’s AD&C financing survey for the first quarter of 2020. Most builders reported that lenders are pulling back because of coronavirus concerns.

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