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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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FHFA Acting Director Sandra L. Thompson's Statement on Increased Conforming Loan Limits for 2022
PageContent "Earlier today, FHFA announced the Conforming Loan Limits for 2022. Compared to previous years, the 2022 Conforming Loan Limits represent a significant increase due to the historic house price appreciation over the last year. While 95 percent of U.S. counties will be subject to the new...
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FHFA Acting Director Sandra L. Thompson's Statement on Executive Branch Housing Supply Initiative
"The severe shortage of affordable housing in America requires coordinated government action. As part of the federal government's response, FHFA is instructing Fannie Mae and Freddie Mac to boost the housing supply in communities across the country by significantly increasing their Low-Income...