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Federal Housing Finance Agency Statement on Recent Lawsuits Filed
Upon review of media coverage of the lawsuits FHFA filed on Friday, September 2, FHFA is providing this statement to clarify certain matters pertaining to these suits and to provide a fuller statement of purpose for these filings. FHFA has a statutory responsibility as conservator of Fannie Mae and...
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FHFA Action Regarding Court Consideration of Proposed Bank of America Settlement
The Federal Housing Finance Agency (FHFA), in its capacity as conservator of Fannie Mae and Freddie Mac (the Enterprises), today filed an Appearance and Conditional Objection regarding the proposed settlement between Bank of America and a consortium of 22 investors being considered by a court in New...
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Statement of FHFA Acting Director, Edward J. DeMarco, on Recent Standard & Poor’s Rating Action
PageContent "On August 5th and 8th, 2011, Standard & Poor’s rating agency announced its lowering of the rating of long-term securities issued by the U.S. government, federal agencies, and other entities, including Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, from AAA to AA+. With regard...
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Statement from FHFA Acting Director, Edward J. DeMarco, on the Administration's Housing Finance Reform Report
PageContent "I am pleased that the Administration today put forward a framework to strengthen the nation's housing finance system, restore the critical role of private capital, and identify options for the long-term structure of housing finance. The conservatorships of Fannie Mae and Freddie Mac...
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Statement by FHFA Acting Director, Edward J. DeMarco, on Servicer Financial Affidavit Issues
PageContent "On October 1, FHFA announced that Fannie Mae and Freddie Mac are working with their respective servicers to identify foreclosure process deficiencies and that where deficiencies are identified, will work together with FHFA to develop a consistent approach to address the problems. Since...
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Statement of FHFA Acting Director, Edward J. DeMarco, Regarding Foreclosure Processing
PageContent "Recent accounts of deficiencies in foreclosure documentation by two large mortgage servicers raise concerns for homeowners and mortgage investors alike. FHFA, as conservator for Fannie Mae and Freddie Mac, supports efforts by the Enterprises to remind servicers and other parties engaged...
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Statement of FHFA Acting Director, Edward J. DeMarco, on PACE Programs
"In keeping with our safety and soundness obligations, the Federal Housing Finance Agency will defend vigorously its actions that aim to protect taxpayers, lenders, Fannie Mae and Freddie Mac. Homeowners should not be placed at risk by programs that alter lien priorities and fail to operate with...
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FHFA Statement on Certain Energy Retrofit Loan Programs
After careful review and over a year of working with federal and state government agencies, the Federal Housing Finance Agency (FHFA) has determined that certain energy retrofit lending programs present significant safety and soundness concerns that must be addressed by Fannie Mae, Freddie Mac and...
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Statement of FHFA Acting Director Edward J. DeMarco
"The amendments announced today to the Preferred Stock Purchase Agreements (PSPAs) between the Department of Treasury and the Federal Housing Finance Agency (FHFA) as Conservator for Fannie Mae and for Freddie Mac (Enterprises) reaffirm the government's commitment to stability in the mortgage market...
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Statement Concerning the Possible Transfer of Fannie Mae Low-Income Housing Tax Credits to Investors
PageContent "Shortly after the establishment of the conservatorships for Fannie Mae and Freddie Mac, FHFA issued a statement emphasizing the importance of all aspects of the Enterprises’ multifamily businesses to a healthy secondary market and housing affordability—including the low-income housing...