FHFA: COVID-Related Loan Flexibilites Extended Until February 28, 2021

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will extend several loan origination flexibilities until February 28, 2021. The changes are to ensure continued support for borrowers during the COVID-19 national emergency. The flexibilities were set to expire on January 31, 2021. Extended […]

FHFA and Treasury: Fannie Mae and Freddie Mac Allowed to Continue to Retain Earnings

The Federal Housing Finance Agency (FHFA) and the U.S. Department of the Treasury (Treasury) today announced amendments to the Preferred Stock Purchase Agreements (PSPAs). The amendments allow Fannie Mae and Freddie Mac​ (the Enterprises) to continue to retain earnings until they satisfy the requirements of the 2020 Enterprise capital rule.  “Today’s […]

FHFA: Fannie Mae’s and Freddie Mac’s Duty to Serve Underserved Markets Plans for 2021 Announced

The Federal Housing Finance Agency (FHFA) today published the 2021 Underserved Markets Plans for Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS) program.  The Plans became effective January 1, 2021. FHFA issued a final rule in 2016 that implemented the DTS provisions as mandated by the Housing […]

FHFA: Request for Input Issued on Appraisal-Related Policies, Practices and Processes

The Federal Housing Finance Agency (FHFA) today issued a Request for Input (RFI) on appraisal-related policies, practices, and processes. The input received in response to the RFI will be used by FHFA to determine the necessary modifications needed to ensure Fannie Mae and Freddie Mac (the Enterprises) operate in a […]

FHFA: House Price Index Up 1.5 Percent in October 2020; Up 10.2 Percent from Last Year

House prices rose nationwide in October, up 1.5 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®).  House prices rose 10.2 percent from October 2019 to October 2020. The previously reported 1.7 percent price change for September 2020 remained unchanged. For the nine census divisions, […]

FHFA: COVID-19 Multifamily Forbearance Extended through March 31, 2021

Multifamily property owners that enter in to a new or modified forbearance must offer tenant protections Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will continue to offer COVID-19 forbearance to qualifying multifamily property owners through March 31, 2021. The Enterprise programs […]

FHFA: Notice of Proposed Rulemaking Issued on Enterprise Resolution Plans

Proposed rule would require Enterprises to submit “living will” resolution plans The Federal Housing Finance Agency (FHFA) today announced that it is seeking comment on a notice of proposed rulemaking that would require Fannie Mae and Freddie Mac (the Enterprises) to develop credible resolution plans, also known as living wills. […]

FHFA: Third Quarter 2020 Foreclosure Prevention and Refinance Report Released

The Federal Housing Finance Agency (FHFA) today released its third quarter 2020 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 539,451 foreclosure prevention actions in the third quarter of 2020, bringing to 5.2 million the number of troubled homeowners who have […]

FHFA: Notice of Proposed Rulemaking Issued for Enterprise Liquidity Requirements

Today, the Federal Housing Finance Agency (FHFA) announced that it is seeking comments on a notice of proposed rulemaking regarding liquidity requirements for Fannie Mae and Freddie Mac (the Enterprises). The proposed rule builds on existing FHFA guidance and the experience gained from managing the Enterprises’ liquidity positions in conservatorship. […]

FHFA: 2021 Affordable Housing Goals for Fannie Mae and Freddie Mac Announced

Also publishing an advance notice of proposed rulemaking seeking input on future housing goals rulemaking Today, the Federal Housing Finance Agency (FHFA) announced its 2021 affordable housing goals for Fannie Mae and Freddie Mac (the Enterprises). Due to the economic uncertainty related to the COVID-19 national pandemic, FHFA is announcing […]