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 […]

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 […]

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 […]

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 […]

FHFA: Final Rule Amending the Enterprise Regulatory Capital Framework Announced

Amendments to the capital framework for Fannie Mae and Freddie Mac refine the leverage buffer and risk-based capital treatment of Credit Risk Transfer The Federal Housing Finance Agency (FHFA) today published a final rule that amends the Enterprise Regulatory Capital Framework (ERCF) by refining the prescribed leverage buffer amount (leverage buffer) and […]

FHFA: Updated Eligiblity Requirements for Enterprise Single-Family Seller/Servicers Re-Proposed

FHFA will collect industry feedback for 60 days Today, the Federal Housing Finance Agency (FHFA) re-proposed minimum financial eligibility requirements​ for Fannie Mae and Freddie Mac (the Enterprises) seller/servicers. This update will strengthen, and provide transparency and consistency of, required capital and liquidity for seller/servicers with different business models.​ “In an […]

FHFA: 2022-2024 Single-Family and 2022 Multifamily Housing Goals for Fannie Mae and Freddie Mac Finalized

Today, the Federal Housing Finance Agency (FHFA) issued a final rule for Fannie Mae and Freddie Mac (the Enterprises) that establishes the benchmark levels for each of the single-family housing goals and subgoals for 2022 through 2024 and establishes the benchmark levels for the multifamily housing goals for 2022. The housing goals […]

FHFA: Report on Enterprise Single-Family Guarantee Fees in 2020 Issued

The 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 credit risk and other costs that the Enterprises incur when they acquire single-family loans from lenders. These costs include projected […]