Tag: Fannie Mae
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.
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 that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries effective Aug. 1, 2021.
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.
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.
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.
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.
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.
CFPB Seeks to Delay Mandatory Compliance of General QM Rule
The Consumer Financial Protection Bureau (CFPB) today proposed to delay the mandatory compliance date of the General Qualified Mortgage (QM) final rule from July 1, 2021 to Oct. 1, 2022.
FHFA Authorizes More than $1 Billion for Affordable Housing Funds
The Federal Housing Finance Agency (FHFA) announced today a $1.09 billion disbursement for Fannie Mae and Freddie Mac affordable housing allocations for 2020. This is the largest amount ever disbursed and more than double what was provided last year.
Fannie Mae, Freddie Mac Extend Foreclosure, Eviction Moratoriums
The Federal Housing Finance Agency (FHFA) has announced that Fannie Mae and Freddie Mac will extend their moratorium on single-family foreclosures and evictions until June 30, 2021. The foreclosure moratorium applies to Fannie Mae and Freddie Mac-backed single-family mortgages only. The eviction moratorium applies to properties that have been acquired by Fannie and Freddie through foreclosure or deed-in-lieu of foreclosure transactions.
