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FHFA Further Extends COVID-Related Loan Flexibilities
Washington, D.C. – The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will extend several loan origination flexibilities until December 31, 2020. The changes are to ensure continued support for bor rowers during the COVID-19 national emergency...
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Temporary Policy Allowing Purchase of Qualified Loans in Forbearance Extended
Washington, D.C. – To support homeowners and mortgage lenders, the Federal Housing Finance Agency (FHFA) has approved an extension of the current temporary policy that allows for the purchase of certain single-family mortgages in forbearance that meet specific eligibility criteria as set by Fannie...
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FHFA Announces Validation of Classic FICO for Use by Fannie Mae and Freddie Mac
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the validation and approval of the Classic FICO credit score model for use by Fannie Mae and Freddie Mac (the Enterprises). The validation and approval of Classic FICO by the Enterprises allows them to continue supporting...
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FHFA Announces Deputy Director for the Division of Resolutions
Washington, D.C. -- The Federal Housing Finance Agency (FHFA) today announced that Jason Cave joins the Agency as Deputy Director for the Division of Resolutions (DOR). He replaces DOR head Robert Fishman, who is retiring in December after a distinguished 20-year career in federal service. “Robert's...
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FHFA House Price Index Up 1.5 Percent in August; Up 8.0 Percent from Last Year
Washington, D.C. – House prices rose nationwide in August, up 1.5 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI ®). House prices rose 8.0 percent from August 2019 to August 2020. FHFA also revised its previously reported 1.0...
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Temporary Policy Allowing Purchase of Qualified Loans in Forbearance Extended
Washington, D.C. – To support homeowners and mortgage lenders, the Federal Housing Finance Agency (FHFA) has approved an extension of the current temporary policy that allows for the purchase of certain single-family mortgages in forbearance that meet specific eligibility criteria as set by Fannie...
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FHFA Further Extends COVID-Related Loan Flexibilities
Washington, D.C. – The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will extend several loan origination flexibilities until November 30, 2020. The changes are to ensure continued support for borrowers during the COVID-19 national...
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FHFA Proposes Rule for New Enterprise Products and Activities
Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) announced that it is seeking comments on a notice of proposed rulemaking that requires Fannie Mae and Freddie Mac (the Enterprises) to provide advance notice to FHFA of new activities and obtain prior approval before launching new...
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Mortgage Translations Online Clearinghouse Now Includes Vietnamese, Korean, and Tagalog Languages
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the addition of Vietnamese, Korean, and Tagalog language resources to the Mortgage Translations clearinghouse. These additions to the online repository improve the ability of interested parties to navigate the mortgage...
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Director Calabria Commends FSOC’s Finding of the Enterprises’ Potential Stability Risk
Washington, DC – Today, the Director of the Federal Housing Finance Agency (FHFA), Mark Calabria, commended the Financial Stability Oversight Council (the Council) for its statement acknowledging that any distress that affected the secondary market activities of Fannie Mae and Freddie Mac (the...