Tag: Freddie Mac

FHFA Seeks Input on Eligibility Requirements for Short-Term Rental Units

Filed in Advocacy, Housing Finance, Multifamily by on May 7, 2021 0 Comments
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.

Continue Reading »

CFPB Delays Mandatory Compliance Date for General QM Rule

Filed in Advocacy, Housing Finance by on April 28, 2021 0 Comments
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.

Continue Reading »

CFPB Seeks to Delay Mandatory Compliance of General QM Rule

Filed in Advocacy, Housing Finance by on March 3, 2021 0 Comments
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.

Continue Reading »

FHFA Authorizes More than $1 Billion for Affordable Housing Funds

Filed in Advocacy, Housing Affordability, Housing Finance by on March 1, 2021 1 Comment
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.

Continue Reading »

Fannie Mae, Freddie Mac Extend Foreclosure, Eviction Moratoriums

Filed in Advocacy, Housing Finance by on February 26, 2021 0 Comments
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.

Continue Reading »

Fannie Mae and Freddie Mac Can Continue to Retain Earnings

Filed in Advocacy, Housing Finance by on January 15, 2021 0 Comments
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.

Continue Reading »

Fannie Mae, Freddie Mac Conforming Loan Limits to Rise in 2021

Filed in Advocacy, Housing Finance by on November 24, 2020 1 Comment
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.

Continue Reading »

FHFA Announces New Capital Rules for Fannie Mae, Freddie Mac

Filed in Advocacy, Housing Finance by on November 18, 2020 0 Comments
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).

Continue Reading »

FHFA Announces Fannie Mae, Freddie Mac Multifamily Loans Purchase Caps for 2021

Filed in Advocacy, Housing Finance, Multifamily by on November 17, 2020 2 Comments
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.

Continue Reading »

CFPB Issues Final Rule Extending GSE Patch

Filed in Advocacy, Housing Finance by on October 20, 2020 0 Comments
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).

Continue Reading »