News & Analysis as of

Freddie Mac

Orrick, Herrington & Sutcliffe LLP

FHFA releases NPRM on housing goals for 2025-2027

On August 22, FHFA released a proposed rule on its housing goals for Fannie Mae and Freddie Mac (the GSEs) for 2025-2027 as required by the Federal Housing Enterprises Financial Safety and Soundness Act of 1992. FHFA is...more

Orrick, Herrington & Sutcliffe LLP

Fannie and Freddie announce tenant protection policy framework

On August 28, Fannie Mae and Freddie Mac (GSEs) each published a multifamily tenant protection policy framework to require minimum lease standards at multifamily properties financed by new enterprise-backed loans. Introduced...more

Ballard Spahr LLP

HUD, Fannie Mae and Freddie Mac Delay Implementation of Reconsideration of Value Guidance

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As previously reported, the U.S. Department of Housing and Urban Development (HUD) in connection with single-family residential mortgage loans insured by the Federal Housing Administration (FHA), and Fannie Mae and Freddie...more

Alston & Bird

Structured Finance Spectrum - Summer 2024

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Welcome to the latest edition of the Spectrum, covering hot-topic issues in the structured finance markets in the U.S. and UK. This edition features the new UK securitization regime, eHELOCs, and climate risk disclosures....more

Paul Hastings LLP

Daily Financial Regulation Update -- Tuesday July 16, 2024

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July 15, 2024 - The Conference of State Bank Supervisors and the National Association of State Credit Union Supervisors submitted a joint comment letter stating that the Federal Housing Finance Agency should not make any...more

Orrick, Herrington & Sutcliffe LLP

FHFA approves Freddie Mac's second mortgage pilot

On June 20, FHFA conditionally approved a limited pilot program for Freddie Mac to begin purchasing certain single-family closed-end second mortgages. This decision came after implementing a new approval process for products...more

Paul Hastings LLP

Daily Financial Regulation Update -- Wednesday June 26, 2024

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June 25, 2024- The Federal Reserve Board published a working paper entitled, “Sexual Orientation and Financial Well-Being in the United States.” June 25, 2024- Federal Reserve Board Governor Lisa D. Cook gave a speech...more

Bradley Arant Boult Cummings LLP

A Commentary On the Viability of Insured Attorney Opinion Letters as an Alternative To Title Insurance

With Fannie Mae, Freddie Mac and others embracing attorney opinion letters (AOLs) as an alternative to title insurance for residential mortgages, Bradley’s Title Insurance Claims & Title Defect Curative Practice Group took a...more

Paul Hastings LLP

Daily Financial Regulation Update -- Tuesday June 25, 2024

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June 24, 2024 - U.S. Secretary of the Treasury Janet L. Yellen gave remarks on housing policy and announcing new efforts by the Treasury Department using its existing authorities to increase the supply of housing....more

Orrick, Herrington & Sutcliffe LLP

FHFA issues 2023 annual report and noted challenges in housing market

On June 14, the FHFA released its annual report to Congress, as required under the Housing and Economic Recovery Act of 2008, detailing FHFA’s activities and the state of the housing finance industry in 2023. The report...more

Paul Hastings LLP

Daily Financial Regulation Update -- Tuesday June 18, 2024

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June 17, 2024 - The U.S. Department of the Treasury today announced that the United States has provided formal notice to the Russian Federation to confirm the suspension of the operation of Paragraph 4 of Article 1 and...more

Orrick, Herrington & Sutcliffe LLP

FHFA enhances Fannie and Freddie flex modification policies

Recently, the FHFA announced that Fannie Mae and Freddie Mac will update their Flex Modification policies to help struggling borrowers reduce their mortgage payments. Flex Modification would be for eligible borrowers...more

Paul Hastings LLP

Daily Financial Regulation Update -- Friday June 14, 2024

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June 13, 2024- President Joe Biden nominated current Commodity Futures Trading Commission Commissioner Christy Goldsmith Romero to be Chair and Member of the Federal Deposit Insurance Corporation. June 13, 2024 - ...more

Fox Rothschild LLP

Zombie Mortgages: It’s the Time of the Season When Debt Gets High.

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As Spring came this year, the news was filled with reports that we would see an especially large crop of ciccadas this year as the 13 year brood is coming at the same time as their 17 year cousins. But it isn’t just insects...more

Paul Hastings LLP

Daily Financial Regulation Update -- Tuesday May 21, 2024

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May 20, 2024- Federal Deposit Insurance Corporation Chair Martin J. Gruenberg issued a statement announcing he is prepared to step down as Chair once a successor is confirmed. May 20, 2024 - Senator Sherrod Brown...more

Ballard Spahr LLP

HUD, Fannie Mae and Freddie Mac Issue Reconsideration of Value Guidance to Combat Appraisal Bias

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The U.S. Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), recently issued Mortgagee Letter 2024-07 addressing reconsideration of value (ROV) policies in connection with...more

Davis Wright Tremaine LLP

Banking and Consumer Regulatory Digest - April 2024 - 2

Federal Reserve Board. Extended comment period. On April 24, 2024, FRB and the Office of the Comptroller of the Currency said they would continue to accept comments on Capital One's proposed acquisition of Discover Financial...more

Troutman Pepper

New Policies From FHA and FHFA Allow Borrowers to Challenge Property Appraisals

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On May 1, the Federal Housing Administration (FHA), and the Federal Housing Finance Agency (FHFA) announced new policies that will allow borrowers to challenge property appraisals they believe to be inaccurate or biased....more

Paul Hastings LLP

Daily Financial Regulation Update -- Thursday May 2, 2024

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May 1, 2024 - The U.S. House Committee on Financial Services Subcommittee on Financial Institutions and Monetary Policy held a hearing entitled, “Merger Policies of the Federal Banking Agencies.” The Committee heard...more

Orrick, Herrington & Sutcliffe LLP

Director Thompson outlines FHFA’s efforts to promote housing access and affordability

On April 18, Sandra L. Thompson, Director of the FHFA, addressed the U.S. Senate Committee on Banking, Housing, and Urban Affairs, emphasizing FHFA’s role in promoting access to affordable housing for homebuyers and renters...more

Orrick, Herrington & Sutcliffe LLP

FHFA seeks public input on new closed-end second mortgage product

On April 22, the FHFA sent to the Federal Register a notice of a proposed new product from Freddie Mac to begin purchasing certain single-family closed-end second mortgages. According to the proposal, Freddie Mac would...more

Paul Hastings LLP

Daily Financial Regulation Update -- Tuesday April 16, 2024

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April 15, 2024 - The Federal Reserve Bank of New York published the April 2024 Empire State Manufacturing Survey. April 15, 2024- The Federal Reserve Bank of New York released the SCE Labor Market Survey results for...more

Ballard Spahr LLP

CFPB Addresses ASC Appraisal Bias Hearings and Structure of The Appraisal Foundation

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The CFPB published a blog discussing a few key takeaways from a series of public hearings addressing appraisal bias....more

Orrick, Herrington & Sutcliffe LLP

FHFA eliminates household income restriction on PTFCs

On March 12, the FHFA published a final rule in the Federal Register titled “Exception to Restrictions on Private Transfer Fee Covenants (PFTCs) for Loans Meeting Certain Duty to Serve Shared Equity Loan Program...more

Paul Hastings LLP

Daily Financial Regulation Update -- Monday, March 11, 2024

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March 11, 2024- Federal Deposit Insurance Corporation Vice Chair Travis Hill gave remarks at the Mercatus Center entitled, "Banking's Next Chapter? Remarks on Tokenization and Other Issues."...more

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