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A New Approach to Housing Goals
When we say “housing goals," most people familiar with housing policy think of Fannie Mae and Freddie Mac (the Enterprises). However, the Federal Home Loan Banks (FHLBanks) have housing goals too. FHFA recently issued a proposed rule updating the FHLBank affordable housing goals regulation with the...
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Moving Forward on UMBS Implementation
Building a new securitization infrastructure is a core goal of FHFA's 2014 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac and a key element of this goal is the Single Security Initiative. The aim of the Single Security Initiative is to improve the liquidity of Fannie Mae's...
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Mortgage Translations Clearinghouse Aims to Assist Homebuyers in their Language
Navigating the home-buying process can seem overwhelming for many borrowers, but it may seem particularly challenging for those who have the added challenge of not being a native English language speaker. Language barriers can further complicate an already complex and highly-detailed transaction...
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FHFA Invites Comments on Proposed Rule on Enterprise Capital Requirements by November 16
On July 17, 2018, FHFA published a proposed regulation on capital requirements for Fannie Mae and Freddie Mac (the Enterprises). FHFA is seeking comments on all aspects of the proposed rule. The proposed rule would implement a new framework for risk-based capital requirements and a revised minimum...
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FHFA Hosts Workforce Housing Workshop
On June 27, the Federal Housing Finance Agency (FHFA) hosted nearly 100 stakeholders for a workshop focused on ways to create and preserve affordable housing for moderate-income households – also known as “workforce housing.” The term workforce housing is often used to describe households that earn...
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FHFA Publishes New "Snapshots" of Fannie Mae and Freddie Mac's Duty to Serve Plans to Help Stakeholders Identify Opportunities
Fannie Mae and Freddie Mac (the Enterprises) engaged extensively with stakeholders to develop their respective Duty to Serve Plans (DTS), which went into effect on January 1, 2018. The Plans provide detailed information on how the Enterprises will provide leadership and facilitate a secondary market...
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FHFA Convenes Workshop for HFA Community
On May 16, the Federal Housing Finance Agency (FHFA) hosted a workshop as a way to further engage the HFA lending community. More than 50 attendees were present at the event held at Fannie Mae headquarters, including lenders, state and local Housing Finance Agency (HFA) representatives, trade...
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Industry Preparedness is the Focus as UMBS Launch Approaches: Will You Be Ready?
One of the most exciting developments in the secondary mortgage market is happening behind the scenes as Fannie Mae, Freddie Mac (the Enterprises) and key market participants get ready to implement the new Uniform Mortgage-Backed Security (UMBS). The development of and transition to the UMBS...
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FHFA Needs Your Feedback on Credit Score Requirements
As the regulator and conservator of Fannie Mae and Freddie Mac (the Enterprises) and regulator of the Federal Home Loan Banks, FHFA staff regularly evaluate complex issues and answer hard questions. The questions about whether to require the Enterprises to update their credit score requirements, and...
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FHFA Hosts Appraisal Industry Workshop
On October 11, the Federal Housing Finance Agency (FHFA) hosted more than 40 appraisal and mortgage industry professionals – ranging from housing industry trade groups, appraiser associations, lenders, data vendors, and government agencies – for a day-long discussion about important appraisal...