FHFA

FHFA: Final Rule Announced Requiring Fannie Mae and Freddie Mac to Submit Annual Capital Plans

The Federal Housing Finance Agency (FHFA) today published a final rule that supplements the Enterprise Regulatory Capital Framework (ERCF) by requiring Fannie Mae and Freddie Mac (the Enterprises) to submit annual capital plans to the Agency and provide prior notice for certain capital actions. The final rule also incorporates the stress capital buffer determination from…

FHFA: U.S. House Prices Rise 18.7 Percent over the Last Year; Up 4.6 Percent from the Fourth Quarter 2021

U.S. house prices rose 18.7 percent from the first quarter of 2021 to the first quarter of 2022 according to the Federal Housing Finance Agency House Price Index (FHFA HPI®).  House prices were up 4.6 percent compared to the fourth quarter of 2021.  FHFA’s seasonally adjusted monthly index for March was up 1.5 percent from February. “High appreciation rates continued across housing markets during…

FHFA: Final Rule Announced Introducing New Public Disclosure Requirements to the Enterprise Regulatory Capital Framework

The Federal Housing Finance Agency (FHFA) today published a final rule that amends the Enterprise Regulatory Capital Framework (ERCF) by introducing new public disclosure requirements for Fannie Mae and Freddie Mac (the Enterprises). The requirements include quarterly quantitative and annual qualitative disclosures related to risk management, corporate governance, capital structure, and capital requirements and buffers…

FHFA: Membership in the Network of Central Banks and Supervisors for Greening the Financial System Announced

The Federal Housing Finance Agency (FHFA) today announced its membership in the Network of Central Banks and Supervisors for Greening the Financial System (NGFS).   Recognizing the increasing risk to property from climate change, including severe structural damage caused by hurricanes, tornadoes, floods, droughts and wildfires, FHFA Acting Director Sandra L. Thompson issued a statement in December 2021 that…

FHFA: Mandatory Use of the Supplemental Consumer Information Form During Loan Application Process Announced

Data collected will help lenders facilitate communications with borrowers in their preferred language The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) will require lenders to use the Supplemental Consumer Information Form (SCIF) as part of the application process for loans that will be sold to the Enterprises….

FHFA: Fannie Mae and Freddie Mac Duty to Serve Underserved Markets Plans for 2022-2024 Announced

The Federal Housing Finance Agency (FHFA) today published the 2022-2024 Underserved Markets Plans for Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS) Program. The DTS Plans demonstrate a strengthened commitment to serving manufactured housing, affordable housing preservation, and rural housing. The targets and strategies in the Plans build on lessons…

FHFA: House Price Index Up 2.1 Percent in February 2022; Up 19.4 Percent from Last Year

House prices rose nationwide in February, up 2.1 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 19.4 percent from February 2021 to February 2022. The previously reported 1.6 percent price change for January 2022 remained unchanged. For the nine census divisions, seasonally adjusted monthly…

FHFA: Strategic Plan for Fiscal Years 2022 through 2026 Finalized

The Federal Housing Finance Agency (FHFA) today issued the FHFA Strategic Plan: Fiscal Years 2022-2026​ (Strategic Plan). The Strategic Plan provides a framework that outlines the Agency’s priorities for the coming years as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac (the Enterprises). The Strategic Plan continues existing priorities…

FHFA: Foreclosure Suspension Announced for Borrowers Applying for Relief through the Homeowner Assistance Fund

Servicers with mortgages backed by Fannie Mae and Freddie Mac must delay the foreclosure process for up to 60 days  The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will require servicers to suspend foreclosure activities for up to 60 days if the servicer has been notified that…

FHFA: House Price Index Up 1.6 Percent in January 2022; Up 18.2 Percent from Last Year

House prices rose nationwide in January, up 1.6 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 18.2 percent from January 2021 to January 2022. The previously reported 1.2 percent price change for December 2021 was revised upward to a 1.3 percent price change. For the…