fhfa

The Federal Housing Finance Agency (FHFA) announced its conditional approval for Freddie Mac to engage in a limited pilot to purchase certain single-family closed-end second mortgages. America’s Credit Unions Regulatory Advocacy Senior Counsel Amanda Smith wrote in support of the pilot in a May comment letter, noting it is in the public interest and advances …

FHFA announces conditional approval of Freddie Mac second mortgage purchase pilot Read More »

Fannie Mae and Freddie Mac’s definitions and policies regarding first-generation homebuyers are concerning, America’s Credit Unions joined the Housing Policy Council and other trades in writing to the Federal Housing Finance Agency (FHFA) Friday. Comments were sent in response to FHFA’s request for input on Fannie and Freddie’s Housing Finance Plans. Concerns include: The organizations …

‘First-generation homebuyer’ policies need changes to improve effectiveness Read More »

America’s Credit Unions supports the introduction of a new Freddie Mac product to purchase closed-end second mortgages as an alternative to cash out refinances. The Federal Housing Finance Agency (FHFA) proposed the new product in April. “America’s Credit Unions believes the proposal is in the public interest and advances Freddie Mac’s public mission. We wish …

Freddie Mac closed-end second mortgage proposal is in public interest Read More »

The Federal Housing Finance Agency (FHFA) this week released an update on implementation of recommendations for the Federal Home Loan Bank (FHLBank) system from its FHLBank report published in November. According to the FHFA, the recommendations in the report are designed to ensure that the FHLBanks are well-positioned to continue delivering on their mission priorities. …

FHFA advances implementation of FHLBank report recommendations Read More »

The Federal Housing Finance Agency (FHFA) Thursday announced updates to the implementation schedule of new credit score requirements for single-family loans acquired by Fannie Mae and Freddie Mac – the government sponsored enterprises (GSEs). After robust stakeholder engagement, FHFA is aligning the implementation date of the bi-merge credit reporting requirement with the transition from the …

FHFA updates implementation of GSE credit score requirements Read More »