June 15, 2020

FHFA: Updated Minimum Financial Eligibility Requirements Re-Proposed for Fannie Mae & Freddie Mac Seller/Servicers

 Due to recent market events, the Federal Housing Finance Agency (FHFA) announced today that it will be re-proposing the updated minimum financial eligibility requirements for Fannie Mae and Freddie Mac Seller/Servicers. FHFA has determined that it is prudent to work with the Enterprises to reassess and re-propose these requirements, including incorporating lessons learned from the evolving COVID-19 national emergency. The original proposal was made on January 31, 2020 and will not be finalized and implemented this month as planned.

This post was originally published here.