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“No Lump Sum Required at the End of Forbearance” says FHFA’s Calabria
Washington, D.C. – To combat ongoing misinformation, the Federal Housing Finance Agency (FHFA) reiterated that borrowers in forbearance with a Fannie Mae or Freddie Mac (the Enterprises)-backed mortgage are not required to repay the missed payments in one lump sum. “During this national health...
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FHFA Announces New COO
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that Kate Fulton will join FHFA as Chief Operating Officer on May 26, 2020. Fulton comes to FHFA from the Consumer Financial Protection Bureau (CFPB) where she currently serves as COO under Director Kathy Kraninger. She...
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FHFA Supports Small Business by Allowing Federal Home Loan Banks to Accept Paycheck Protection Program Loans as Collateral
Washington, D.C. – To support small and community banks, the Federal Housing Finance Agency announced that Federal Home Loan Banks (FHLBanks) can accept Paycheck Protection Program (PPP) loans as collateral when making loans, called advances, to their members. FHLBanks can accept loans guaranteed...
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FHFA House Price Index Up 0.7 Percent in February; Up 5.7 Percent from Last Year
Washington, D.C. – U.S. house prices rose in February, up 0.7 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 5.7 percent from February 2019 to February 2020. The previously reported 0.3 percent increase for January...
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FHFA Announces that Enterprises will Purchase Qualified Loans in Forbearance to Keep Lending Flowing
Washington, D.C. – To support homeowners and mortgage lenders, the Federal Housing Finance Agency (FHFA) is approving the purchase of certain single-family mortgages in forbearance that meet specific eligibility criteria by Fannie Mae and Freddie Mac (the Enterprises). “We are focused on keeping...
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FHFA Addresses Servicer Liquidity Concerns, Announces Four Month Advance Obligation Limit for Loans in Forbearance
Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) announced the alignment of Fannie Mae's and Freddie Mac's (the Enterprises) policies regarding servicer obligations to advance scheduled monthly principal and interest payments for single-family mortgage loans. Once a servicer has...
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FHFA and CFPB Announce Borrower Protection Program
Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) announced the Borrower Protection Program (the Program), a new joint initiative that enables CFPB and FHFA to share servicing information to protect borrowers during the...
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FHFA Extends Comment Period on Proposed Minimum Financial Eligibility Requirements for Fannie Mae and Freddie Mac Seller/Servicers
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced a 30-day extension to the comment period for the proposed update to the minimum financial eligibility requirements for Fannie Mae and Freddie Mac Seller/Servicers. FHFA released the proposed update to the minimum...
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FHFA Authorizes Loan Processing Flexibilities for Fannie Mae and Freddie Mac Customers
Washington, DC – The Federal Housing Finance Agency (FHFA) today announced several loan processing flexibilities from Fannie Mae and Freddie Mac (The Enterprises) designed to help their customers. The flexibilities announced by the Enterprises include: Allowing desktop appraisals on new construction...
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FHFA House Price Index Up 0.3 Percent in January; Up 5.2 Percent from Last Year
Washington, D.C. – U.S. house prices rose in January, up 0.3 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 5.2 percent from January 2019 to January 2020. The previously reported 0.6 percent increase for December...