Housing Finance

FHFA Announces Equitable Housing Finance Plans for Fannie Mae, Freddie Mac

Filed in Advocacy, Housing Finance by on September 7, 2021 0 Comments
FHFA Announces Equitable Housing Finance Plans for Fannie Mae, Freddie Mac

The Federal Housing Finance Agency today announced that Fannie Mae and Freddie Mac will submit Equitable Housing Finance Plans to FHFA by the end of 2021. The plans will identify and address barriers to sustainable housing opportunities, including the Enterprises’ goals and action plans to advance equity in housing finance for the next three years.

Continue Reading »

FHFA Proposes New Housing Goals for Fannie Mae, Freddie Mac

Filed in Advocacy, Housing Affordability, Housing Finance by on August 18, 2021 0 Comments
FHFA Proposes New Housing Goals for Fannie Mae, Freddie Mac

The Federal Housing Finance Agency (FHFA) has proposed its housing goals for Fannie Mae and Freddie Mac for 2022 to 2024. This year, FHFA is proposing two new single-family home purchase subgoals to replace the existing low-income areas subgoal. One new subgoal targets minority communities; the other continues to target low-income neighborhoods.

Continue Reading »

HUD, FHFA Team to Advance Fair Housing and Fair Lending Enforcement

Filed in Housing Finance, Multifamily by on August 12, 2021 1 Comment
HUD, FHFA Team to Advance Fair Housing and Fair Lending Enforcement

The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) today entered into a first-of-its-kind collaborative agreement regarding fair housing and fair lending coordination.

Continue Reading »

Fannie Mae to Include Rent Payment History as Part of Mortgage Approval Process

Filed in Advocacy, Housing Finance by on August 11, 2021 4 Comments
Fannie Mae to Include Rent Payment History as Part of Mortgage Approval Process

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae will consider rent payment history as part of its underwriting process so that buyers with limited credit histories can more easily obtain home loans.

Continue Reading »

Fannie, Freddie, FHA Extend Single-Family Eviction Moratorium Through Sept. 30

Filed in Housing Finance by on July 30, 2021 0 Comments
Fannie, Freddie, FHA Extend Single-Family Eviction Moratorium Through Sept. 30

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac are extending the moratorium on single-family real estate owned (REO) evictions until Sept. 30, 2021. The REO eviction moratorium applies to properties that have been acquired by an Enterprise through foreclosure or deed-in-lieu of foreclosure transactions.

Continue Reading »

FHFA Announces Multifamily Tenant Protections

Filed in Disaster Response, Housing Finance, Multifamily by on July 28, 2021 4 Comments
FHFA Announces Multifamily Tenant Protections

The Federal Housing Finance Agency today announced that tenants of multifamily properties with mortgages backed by Fannie Mae or Freddie Mac who are subject to eviction for nonpayment of rent must be given 30 days’ notice to vacate before the tenant can be required to leave the unit.

Continue Reading »

Administration Unveils Plan to Cut Payments on Government-Backed Loans Up to 25%

Administration Unveils Plan to Cut Payments on Government-Backed Loans Up to 25%

The Biden administration has announced new loan modification options for borrowers who have government-backed home loans in order to help home owners who are still struggling to make their mortgage payments due to the COVID-19 pandemic.

Continue Reading »

Federal Reserve, FDIC and OCC to Develop Joint Community Reinvestment Act Rule

Filed in Advocacy, Housing Finance by on July 21, 2021 3 Comments
Federal Reserve, FDIC and OCC to Develop Joint Community Reinvestment Act Rule

The Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) have jointly announced that they will work together to modernize the regulations that implement the Community Reinvestment Act (CRA).

Continue Reading »

To Help Borrowers, FHFA Eliminates Adverse Market Refinance Fee

To Help Borrowers, FHFA Eliminates Adverse Market Refinance Fee

In a move to ease costs for borrowers who refinance, the Federal Housing Finance Agency (FHFA) announced today thatĀ Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries effective Aug. 1, 2021.

Continue Reading »

FHFA Issues Policy Statement on Fair Lending

Filed in Housing Finance by on July 1, 2021 0 Comments
FHFA Issues Policy Statement on Fair Lending

The Federal Housing Finance Agency (FHFA) today issued a policy statement on fair lending that communicates FHFA’s fair lending expectations for Fannie Mae, Freddie Mac and the Federal Home Loan Banks and outlines FHFA’s fair lending oversight and enforcement to ensure compliance with the law.

Continue Reading »