FHFA: Enterprises Authorized to Support Additional Liquidity in the Secondary Mortgage Market
Today, to help support immediate needs for liquidity in the secondary mortgage market, the Federal Housing Finance Agency (FHFA) has authorized Fannie Mae and Freddie Mac (the Enterprises) to enter into additional dollar roll transactions (dollar roll transactions provide mortgage-backed securities investors with short-term financing of their positions, providing liquidity to these investors). Eligible collateral…
FHFA: Enterprises Directed to Grant Flexibilities for Appraisal and Employment Verifications
Today, to facilitate liquidity in the mortgage market during the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac (the Enterprises) to provide alternative flexibilities to satisfy appraisal requirements and employment verification requirements through May 17, 2020. To allow for homes to be bought, sold, and refinanced as our…
FHFA: Agency Moves to Provide Eviction Suspension Relief for Renters in Multifamily Properties
Today, to keep renters in multifamily properties in their home and to support multifamily property owners during the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) is announcing that Fannie Mae and Freddie Mac (the Enterprises) will offer multifamily property owners mortgage forbearance with the condition that they suspend all evictions for renters unable…
FHFA: Foreclosures and Evictions Suspended for Enterprise-Backed Mortgages
Today, to help borrowers who are at risk of losing their home, the Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac (the Enterprises) to suspend foreclosures and evictions for at least 60 days due to the coronavirus national emergency. The foreclosure and eviction suspension applies to homeowners with an Enterprise-backed single-family…
CFPB: Director Kraninger Statement on Joint HUD-FHFA Announcement on Foreclosure and Eviction Moratorium
Consumer Financial Protection Bureau Director Kathleen L. Kraninger made the following statement today after the U.S. Department of Housing and Urban Development and the Federal Housing Finance Agency announced a moratorium on foreclosures and evictions: “The actions taken today by HUD and FHFA are timely and an important step in providing assurance to consumers. I…
FHFA: Evaluation Criteria Strengthened for Duty To Serve Program
The Federal Housing Finance Agency (FHFA) today announced it is strengthening the evaluation criteria of the Duty to Serve (DTS) Underserved Markets program through the Evaluation Guidance for Fannie Mae and Freddie Mac (the Enterprises). The updated guidance will ensure the Enterprises’ DTS programs have a significant impact in underserved communities. See the updated Evaluation…
FHFA: House Prices Rose 1.3 Percent in Fourth Quarter 2019; Up 5.1 Percent from 2018
U.S. house prices rose in the fourth quarter of 2019, up 1.3 percent according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 5.1 percent from the fourth quarter of 2018 to the fourth quarter of 2019. FHFA’s seasonally adjusted monthly index for December was up 0.6 percent from November. “Growth in U.S. home prices stabilized at the end…
FHFA: Request for Input on Federal Home Loan Bank Membership Issued
Today, the Federal Housing Finance Agency (FHFA) issued a Request for Input (RFI) on Federal Home Loan Bank (FHLBank) membership. The RFI, part of a holistic review of FHLBank membership, seeks public input on whether FHFA’s existing regulation on FHLBank membership ensures the FHLBank System, consistent with statutory requirements, remains safe and sound, provides liquidity…
FHFA: CFPB and FHFA Release Additional Data from the National Survey of Mortgage Originations for Public Use
Details Borrower’s Experiences Obtaining a Mortgage The Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) today released additional loan-level data for public use collected through the National Survey of Mortgage Originations (NSMO). The data provide insights into borrowers’ experiences in getting a residential mortgage. The NSMO is a component of the National Mortgage…
FHFA: Fannie Mae and Freddie Mac Publish Joint Enterprise Credit Score Solicitation
The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) have published a Joint Credit Score Solicitation. “The publication of the solicitation is the first step in the process of evaluating new credit score models,” said FHFA Director Mark Calabria. “FHFA will ensure that the Enterprises validate and approve credit score…