Tag: Fannie Mae
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.
Fannie Mae and Freddie Mac Can Continue to Retain Earnings
The Federal Housing Finance Agency (FHFA) and the U.S. Department of the Treasury yesterday announced that Fannie Mae and Freddie Mac (the Enterprises) can continue to retain earnings until they satisfy the requirements of the 2020 Enterprise capital rule. Under the 2020 final capital rule, Fannie Mae and Freddie Mac’s combined risk-based capital requirements would have been $283 billion as of June 30, 2020.
Fannie Mae, Freddie Mac Conforming Loan Limits to Rise in 2021
The Federal Housing Finance Agency (FHFA) today announced that the maximum baseline conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2021 will increase to $548,250 from $510,400.
FHFA Announces New Capital Rules for Fannie Mae, Freddie Mac
The Federal Housing Finance Agency (FHFA) today sent a final rule to the Federal Register that establishes a new regulatory capital framework for Fannie Mae and Freddie Mac (the Enterprises).
FHFA Announces Fannie Mae, Freddie Mac Multifamily Loans Purchase Caps for 2021
The Federal Housing Finance Agency (FHFA) today announced that the 2021 multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) will be $70 billion for each Enterprise. The cap structure allows the Enterprises to offer a combined total of $140 billion in support to the multifamily market.
CFPB Issues Final Rule Extending GSE Patch
The Consumer Financial Protection Bureau (CFPB) today issued a final rule to extend the “government-sponsored enterprise (GSE) patch” that allows mortgage loans that are eligible for purchase by Fannie Mae and Freddie Mac to receive a safe harbor granted to qualified mortgages (QMs).
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.
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.
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.
