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FHFA Acting Director Sandra L. Thompson's Statement on Special Purpose Credit Programs as a Remedy for Disparities in Access to Homeownership
PageContent I applaud Secretary Marcia Fudge for issuing guidance clarifying that under the Equal Credit Opportunity Act, Special Purpose Credit Programs (SPCPs) are compliant with and generally do not violate the Fair Housing Act. SPCPs allow lenders to meet special social needs and benefit...
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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...
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Secretaries of USDA, HUD, VA, Treasury, and FHFA Acting Director Release Joint Statement on Agency Actions to Prevent Evictions
The Centers for Disease Control and Prevention's (CDC) eviction moratorium is in place until July 31st, but the Supreme Court's ruling made clear that CDC cannot extend the moratorium past its current expiration date. In light of that decision, the Biden-Harris Administration is taking steps to...
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FHFA Director Mark Calabria's Statement on the U.S. Supreme Court’s Collins v. Yellen Decision
PageContent I respect the Supreme Court's decision and the authority of the President to remove the Federal Housing Finance Agency Director. It has been the honor of a lifetime to serve as Director of the Federal Housing Finance Agency alongside world-class staff. During my tenure, FHFA has...
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FHFA Director Mark Calabria's Statement at the Financial Stability Oversight Council Principals Meeting on June 11, 2021
PageContent Public Remarks as Prepared for Delivery Dr. Mark A. Calabria Director, Federal Housing Finance Agency FINANCIAL STABILITY OVERSIGHT COUNCIL PRINCIPALS MEETING Friday, June 11, 2021 At today's Financial Stability Oversight Council Principals Meeting, FHFA Director Mark Calabria gave...
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FHFA Director Mark Calabria's Statement at The Brookings Institution on May 11, 2021
Public Remarks as Prepared for Delivery Dr. Mark A. Calabria Director, Federal Housing Finance Agency The Brookings Institution Living wills for housing government-sponsored enterprises: Implementation and impact Tuesday, May 11, 2021 Thank you, Aaron, for that introduction and for inviting me to...
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FHFA Director Mark Calabria's Statement at the Financial Stability Oversight Council Principals Meeting on March 31, 2021
Public Remarks as Prepared for Delivery Dr. Mark A. Calabria Director, Federal Housing Finance Agency FINANCIAL STABILITY OVERSIGHT COUNCIL PRINCIPALS MEETING Wednesday, March 31, 2021 Thank you, Madam Chair. And I want to welcome all of the Council’s new members. FHFA has recognized that our...
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FHFA Director Mark Calabria's Statement at the Financial Stability Oversight Council Principals Meeting on December 3, 2020
Statement by Dr. Mark A. Calabria, Director, Federal Housing Finance Agency FINANCIAL STABILITY OVERSIGHT COUNCIL PRINCIPALS MEETING DECEMBER 3, 2020 Thank you, Mr. Chairman. I want to thank the staff of each FSOC member agency for the hard work that went into producing this report. The FSOC...
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Statement from FHFA Director Mark Calabria on Coronavirus
Washington, D.C. – “To meet the needs of borrowers who may be impacted by the coronavirus, last week Fannie Mae and Freddie Mac (“the Enterprises”) reminded mortgage servicers that hardship forbearance is an option for borrowers who are unable to make their monthly mortgage payment. For borrowers...