FHFA

Agencies Issue Proposal on Incentive-Based Compensation

The Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Federal Housing Finance Agency (FHFA), have adopted a Notice of Proposed Rulemaking (NPR) to address incentive-based compensation arrangements, as required under section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (section 956).  The National Credit…

FHFA: Report Issued on Enterprise Single-Family Guarantee Fees in 2022

he Federal Housing Finance Agency (FHFA) today issued its annual report on single-family guarantee fees charged by Fannie Mae and Freddie Mac (the Enterprises). Guarantee fees are intended to cover the expected credit losses, administrative costs, and cost of capital that the Enterprises incur when they acquire single-family loans from lenders. The report analyzes loans…

FHFA: Enterprise Reconsideration of Value Policies Announced

The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) published new Reconsideration of Value (ROV) policies after months of collaboration with FHFA and the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration. A Reconsideration of Value is a request to an appraiser to re-assess the…

FHFA: House Price Index Up 1.2 Percent in February 2024; Up 7.0 Percent from Last Year

U.S. house prices rose in February, up 1.2 percent from January, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 7.0 percent from February 2023 to February 2024. The previously reported 0.1 percent price decrease in January remained unchanged. For the nine census divisions, seasonally adjusted monthly price changes from…

FHFA: Fair Lending Final Rule Released

The Federal Housing Finance Agency (FHFA) today released its Fair Lending, Fair Housing, and Equitable Housing Finance Plans Final Rule, together with Fannie Mae and Freddie Mac’s (the Enterprises) Equitable Housing Finance Plan updates for 2024 and Performance Reports for 2023. The final rule codifies in regulation FHFA’s fair lending oversight requirements for the Enterprises…

FHFA: New Division of Public Interest Examination Announced

The Federal Housing Finance Agency (FHFA) today announced the creation of a new Division of Public Interest Examination (DPIE), which will be responsible for supervisory oversight of the Agency’s regulated entities in the areas of affordable housing, community development, diversity and inclusion, consumer protection, and fair lending. FHFA serves as regulator and conservator of Fannie Mae…

FHFA: Housing Mission Report for 2023 Released

The Federal Housing Finance Agency (FHFA) today released its annual Housing Mission Report, describing the activities taken by Fannie Mae and Freddie Mac (the Enterprises) and the Federal Home Loan Banks (FHLBanks) in 2023 to promote access to financing for affordable, sustainable, and equitable housing and targeted economic development. “FHFA maintains a keen focus on…

FHFA: FHLBank and CDFI Symposium Scheduled for June 20th in Washington, DC

The Federal Housing Finance Agency (FHFA) today announced that it will host a Federal Home Loan Bank (FHLBank) and Community Development Financial Institution (CDFI) Symposium in Washington, D.C., on Thursday, June 20, 2024.  “CDFIs have a relationship-focused approach that enables them to reach individuals who have limited housing options, in a safe and sound manner,”…

FHFA: New Product Notice Published for Freddie Mac Second Mortgage Proposal

Today, the Federal Housing Finance Agency (FHFA) sent to the Federal Register a notice of a proposed new product from Freddie Mac to begin purchasing certain single-family closed-end second mortgages.  “The proposed activity is intended to provide homeowners with a cost-effective alternative for accessing the equity in their homes,” said FHFA Director Sandra L. Thompson….

FHFA: State Financial Regulators and FHFA Enter Into Mortgage Market Information Sharing Agreement

The Conference of State Bank Supervisors (CSBS) and the Federal Housing Finance Agency (FHFA) yesterday entered into a formal agreement designed to facilitate information sharing with respect to nonbank mortgage companies. The memorandum of understanding establishes substantive information sharing protocols between state financial regulators and FHFA, improving the ability to coordinate on market developments, identify…