FHFA: Public Input Sought on Fannie Mae’s and Freddie Mac’s Proposed Duty to Serve Underserved Market Plans for 2025-2027
The Federal Housing Finance Agency (FHFA) today issued a request for input (RFI) on the proposed 2025-2027 Underserved Markets Plans (Plans) submitted by Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS) program. The proposed Plans cover the period from January 1, 2025, to December 31, 2027. “Providing sustainable liquidity for affordable housing…
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: 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: 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: Latest Report on Non-Performing Loan Sales Released
The Federal Housing Finance Agency (FHFA) today released the latest report on the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac (the Enterprises). The Enterprise Non-Performing Loan Sales Report includes sales information about NPLs sold through June 30, 2023. Borrower outcomes reflect NPLs sold through December 31, 2022. The sale of NPLs…
FHFA: 2024 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions Released
Today, the Federal Housing Finance Agency (FHFA) released the 2024 Scorecard for Fannie Mae and Freddie Mac (together, the Enterprises) and their joint venture, Common Securitization Solutions, LLC (CSS). Annually, FHFA releases a Scorecard to communicate and provide public awareness of its priorities and expectations for the Enterprises and CSS. “The annual Scorecard requires that…
FHFA: Increase in the Enterprises’ LIHTC Cap Announced
Projects must remain affordable for 30 years. Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will each be allowed to invest up to $1 billion annually in the Low-Income Housing Tax Credit (LIHTC) market as equity investors, beginning in 2024. The Enterprises will also adjust their LIHTC…