FHFA Director Directs Fannie and Freddie to Consider Crypto Assets to Qualify for Mortgages
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Blog Posts January 9, 2025FHFA Announces UDAP Compliance Expectations
What Happened? On November 29, 2024, the Federal Housing Finance Agency (“FHFA”) released Advisory Bulletin AB 2024-06 (the “Advisory Bulletin”), which sets forth FHFA’s expectations and guidance for Fannie Mae and Freddie Mac (the “GSEs”) and the Federal Home Loan Banks (collectively, the “Regulated Entities”) regarding compliance with the prohibition against unfair and deceptive acts or […]
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Blog Posts April 24, 2020FHFA Limits Servicer Advancing Obligations for Loans in COVID-19 Forbearance
A&B ABstract: A new Federal Housing Finance Agency policy brings clarity for mortgage servicers’ liquidity needs and provides a cap on servicer advancing obligations during the coronavirus pandemic. FHFA Clarification On April 21, 2020, the Federal Housing Finance Agency (FHFA) announced that it was aligning Fannie Mae’s and Freddie Mac’s policies so that servicers of Fannie […]
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Finance Advisory April 22, 2020Finance Advisory: FHFA Limits Servicer Advancing Obligations for Loans in COVID-19 ForbearanceOur Finance Group explains how a new Federal Housing Finance Agency policy brings clarity for mortgage servicers’ liquidity needs and provides a cap on servicer advancing obligations during the coronavirus pandemic.
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Blog Posts August 16, 2022GSEs to Require Mortgage Servicers to Obtain and Maintain Fair Lending Data
A&B Abstract: On August 10, 2022, the Federal Housing Finance Agency (“FHFA”) announced that Fannie Mae and Freddie Mac (the “GSEs”) will require mortgage servicers to obtain and maintain fair lending data on their loans, beginning March 1, 2023. That same day, Fannie Mae and Freddie Mac (the “GSEs”) each issued guidance implementing the FHFA […]
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Advisories June 9, 2021Financial Services & Products Advisory: The QM Patch Is Down for the CountSomehow, the qualified mortgage (QM) rules have become even more complicated. Our Financial Services & Products Group parses how the death of the QM Patch will affect creditors seeking to originate residential mortgage loans under Fannie Mae, Freddie Mac, or Consumer Financial Protection Bureau regulations.