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Prior Approval for Enterprise Products Proposed Rule

Publication Details
Type
Proposed Rulemaking
Document Number
FR Doc. 2020-23452
Federal Register Publish Date
11/09/2020
Federal Register Citation
85 FR 71276
PDF Format
Comment Open Date
10/19/2020
Comment End Date
01/08/2021
Comment Status
Closed
Rulemaking Details
Rulemaking

Prior Approval for Enterprise Products

02/24/2023
Number
RIN-2590-AA17
Group
Fannie Mae
Freddie Mac
CFR
12 CFR Part 1253
CFR Description
Prior Approval for Enterprise Products
Effective Date

Prior Approval for Enterprise Products Proposed Rule

Contact Information

​FOR FURTHER INFORMATION CONTACT: Susan Cooper (202) 649-3121, susan.cooper@fhfa.gov, Office of Housing and Regulatory Policy; or Miriam Smolen (202) 230-2987, miriam.smolen@fhfa.gov, Office of General Counsel, Federal Housing Finance Agency, 400 Seventh Street, SW, Washington, DC 20219. These are not toll-free numbers. If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.

Summary

SUMMARY: The Federal Housing Finance Agency (FHFA or Agency) is seeking comment on a proposed rule to implement section 1321 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by section 1123 of the Housing and Economic Recovery Act of 2008. This proposed rule, if adopted, would replace a 2009 interim final rule that established a process for the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (collectively, the Enterprises) to obtain prior approval from the FHFA Director for a new product and provide prior notice to the Director of a new activity.

DATES: FHFA invites interested parties to submit comments on the notice of proposed rulemaking by January 8, 2021

Public Comments people-icon

Below are a compilation of public comments made on this publication.

17 items
CSV
Date First Name Last Name Organization Comment
Melissa Stegman Center for Responsible Lending Please see attached comment.View Comment Email: melissa.stegman@responsiblelending.org
Attachment: View Attachment
Mitria Spotser Consumer Federation of America Please see the attached comment letter.View Comment Email: mitriawil@yahoo.com
Attachment: View Attachment
Terry Theologides Fannie Mae Please see attached comments.View Comment Email: N/A
Attachment: View Attachment
Bob Walters Quicken Loans Please see the attached commentsView Comment Email: N/A
Attachment: View Attachment
Tim Roy Independent Community Bankers of America Please see attached documentView Comment Email: tim.roy@icba.org
Attachment: View Attachment
Edward DeMarco Housing Policy Council Attached please find the input of the Housing Policy Council.View Comment Email: meg.burns@housingpolicycouncil.org
Attachment: View Attachment
Brendan Kihn U.S. Mortgage Insurers Please find attached USMI's comment letter for the "Prior Approval for…View Comment
Email: N/A
Attachment: View Attachment
Kenneth Fears NAR REALTORS® thank the FHFA for their efforts to refine and simplify the…View Comment
Email: kfears@realtors.org
Attachment: View Attachment
Wendell Chambliss Freddie Mac Attached please find Freddie Mac's comment letter on Notice of Propose…View Comment
Email: wendell_chambliss@freddiemac.com
Attachment: View Attachment
Sasha Hewlett Mortgage Bankers Association Please find our comments attached.View Comment Email: shewlett@mba.org
Attachment: View Attachment
Lesli Gooch Manufactured Housing Institute Please see attached document.View Comment Email: lgooch@mfghome.org
Attachment: View Attachment
Aminah Moore National Association of Federal Credit Unions Attached please find NAFCU's comment letter on Notice of Proposed Rule…View Comment
Email: amoore@nafcu.org
Attachment: View Attachment
Joseph Pigg American Bankers Association Attached, please find comments from the American Bankers Association o…View Comment
Email: JPigg@aba.com
Attachment: View Attachment
Craig Thomas Community Home Lenders Association Please find attached CHLA’s comments on the proposed prior approval ru…View Comment
Email: Craigthomas@communitylender.org
Attachment: View Attachment
Thomas Aiello National Taxpayers Union Please see attached document.View Comment Email: thomas.aiello@ntu.org
Attachment: View Attachment
Edward Pinto American Enterprise Institute Dear Sir/Madam: Thank you for the opportunity to comment on FHFA’s pr…View Comment
Email: pintoedward1@gmail.com
Attachment: View Attachment
Rebecca Froass National Association of Home Builders NAHB thanks you for the opportunity to comment on Prior Approval for E…View Comment
Email: rfroass@nahb.org
Attachment: View Attachment