FHFA: Report Shows Fannie Mae and Freddie Mac Foreclosure Preventions Surpass 4 Million
Hurricanes Impact Delinquency Rate The Federal Housing Finance Agency (FHFA) today released its fourth quarter Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 67,569 foreclosure prevention actions in the fourth quarter of 2017, bringing the total number of homeowners helped to 4,040,258 since the start of the conservatorships in…
FHFA: 2018-2020 Housing Goals for Fannie Mae and Freddie Mac Finalized
The Federal Housing Finance Agency (FHFA) today published a final rule that establishes new housing goals for Fannie Mae and Freddie Mac (the Enterprises) for 2018 through 2020 in accordance with the provisions of the Housing and Economic Recovery Act of 2008. The new goals replace the previous goals, which were in effect through the…
FHFA: Deadline Extended to March 30th for Request for Input on Fannie Mae and Freddie Mac Credit Score Requirements
The Federal Housing Finance Agency (FHFA) today announced that it will extend, from February 20, 2018 to March 30, 2018, the deadline for interested parties to provide input on potential changes to the credit score requirements of Fannie Mae and Freddie Mac (the Enterprises). FHFA is seeking input on all aspects of a potential change…
FHFA: Final Strategic Plan for FY 2018-2022 Released
The Federal Housing Finance Agency (FHFA) today released the FHFA Strategic Plan: Fiscal Years 2018-2022, which reflects the Agency’s priorities as regulator of the Federal Home Loan Banks (FHLBanks) and as regulator and conservator of Fannie Mae and Freddie Mac (the Enterprises). Last year FHFA requested input on the draft Agency strategic plan from Members…
FHFA: 2018 Scorecard Released for Fannie Mae, Freddie Mac and Common Securitization Solutions
The Federal Housing Finance Agency (FHFA) today released the 2018 Scorecard outlining specific conservatorship priorities for Fannie Mae, Freddie Mac (the Enterprises), and their joint venture, Common Securitization Solutions, LLC (CSS). These goals include: Maintain, in a safe and sound manner, credit availability and foreclosure prevention activities for new and refinanced mortgages to foster liquid,…
FHFA: Request Issued for Input on Fannie Mae and Freddie Mac Credit Score Requirements
The Federal Housing Finance Agency (FHFA) today issued a Request for Input (RFI) to obtain feedback about the operational and competition considerations of changing Fannie Mae and Freddie Mac’s (the Enterprises) current credit score requirements. The credit scores being evaluated by FHFA and the Enterprises are Classic FICO, FICO 9 and VantageScore 3.0. The Enterprises…
FHFA: Fannie Mae’s and Freddie Mac’s Underserved Markets Plans for Duty to Serve Program Published
The Federal Housing Finance Agency (FHFA) today published Fannie Mae’s and Freddie Mac’s (the Enterprises) Underserved Markets Plans for 2018-2020 under the Duty to Serve program. The Plans become effective January 1, 2018. FHFA issued a final rule on December 13, 2016 to implement the Duty to Serve provisions mandated by the Housing and Economic…