Search & Filter
-
FHFA Director Sandra L. Thompson’s Statement on Best Practices For Adverse Action Notices for Renters
Across the housing market, landlords increasingly rely on tenant screening reports as part of their selection criteria, but research shows that these reports too often contain imprecise information, including inaccuracies in criminal and eviction records and credit history. Today, FHFA joins several...
-
Setting the Record Straight on Mortgage Pricing: A Statement from FHFA Director Sandra L. Thompson
Recently, there has been increased focus on changes made by the Federal Housing Finance Agency (FHFA) to the pricing framework of Fannie Mae and Freddie Mac (the Enterprises). Unfortunately, much of what has been reported advances a fundamental misunderstanding about the fees charged by the...
-
FHFA Director Sandra L. Thompson’s Statement on Upfront Fees Based on Certain Borrowers’ Debt-To-Income (DTI) Ratio
The Federal Housing Finance Agency (FHFA) has taken a number of steps since January 2022 to update Fannie Mae and Freddie Mac’s (the Enterprises) single-family guarantee fee pricing framework with a special focus on upfront fees. In January 2023, FHFA announced redesigned and recalibrated grids for...
-
Statement from FHFA Director Sandra L. Thompson on Tenant Protections
The Federal Housing Finance Agency (FHFA) is committed to ensuring that Fannie Mae and Freddie Mac (the Enterprises) operate in a safe and sound manner while also promoting equitable access to affordable and sustainable housing. As part of our work on the White House Tenant Protection Interagency...
-
Statement from FHFA Director Sandra L. Thompson on Reduced Upfront Fee for Commingled Enterprise Securities
Today, Fannie Mae and Freddie Mac (the Enterprises) announced a reduction in the upfront fee for commingled securities to 9.375 basis points, effective April 1, 2023. This comes as the result of months-long analysis and stakeholder engagement by the Federal Housing Finance Agency (FHFA) to...
-
Statement from FHFA Director Sandra L. Thompson on Enterprise Replacement Rates for Legacy LIBOR-Indexed Products
The announcement of replacement rates for their LIBOR-indexed products today by Fannie Mae and Freddie Mac represents one of the closing milestones in the transition to more robust reference rates to replace LIBOR. FHFA and its regulated entities have worked closely with the Alternative Reference...
-
FHFA Follow-Up Statement on Upfront Fee for Commingled Securities and Review of the Enterprise Regulatory Capital Framework
On June 14, 2022, Fannie Mae and Freddie Mac (the “Enterprises”) both announced a new upfront fee on certain commingled securities, effective July 1, 2022. The Enterprises imposed the fee to partially address the cost of capital an Enterprise is required to hold to guarantee the other...
-
Statement from FHFA Director Sandra L. Thompson on FHFA's Ongoing Commitment to UMBS
On June 14, 2022 Fannie Mae and Freddie Mac (the “Enterprises") both announced an upfront fee for the guarantee each Enterprise provides covering the collateral of the other Enterprise in commingled securities effective July 1. The Enterprises instituted this fee to accommodate the increased capital...
-
Statement from FHFA Acting Director Sandra L. Thompson on the Leadership Transition at Fannie Mae
Fannie Mae will continue to thrive under the experienced leadership team of Mike Heid as Chairman of the Board...
-
FHFA Acting Director Sandra L. Thompson's Statement on Climate Change
The Federal Housing Finance Agency (FHFA) recognizes that climate change poses a serious threat to the U.S. housing finance system. As a member of the Financial Stability Oversight Council (FSOC), FHFA is committed to working collaboratively with other federal agencies to make tangible progress...