FHFA

The Federal Housing Finance Agency announced that Freddie Mac and Fannie Mae will require servicers to suspend foreclosure activities for up to 60 days if the servicer has been notified the borrower has applied for assistance under the Homeowner Assistance Fund.

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A report from the Federal Housing Finance Agency showed a notable decline in the number of loans in serious delinquency in the fourth quarter 2021.

The Foreclosure Prevention and Refinance Report also showed declines in the number of loans in forbearance and a decline in the number of foreclosures during the fourth quarter of 2021.

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Following weeks of protest and standoffs from the Republican members of the Senate Committee on Banking, Housing, and Urban Affairs, committee Democrats led by Chair Sherrod Brown (D-Ohio) cleared President [Joe] Biden’s nominees for the Federal Reserve Bank and the Federal Housing Finance Agency.

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In the ongoing saga of Collins v. Yellen, the Fifth Circuit has remanded the case back to the Southern District of Texas following last year’s Supreme Court decision on the issues of the Federal Housing Finance Agency’s constitutionality and the scope of its authority as conservator of Fannie Mae and Freddie Mac.

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The Federal Housing Finance Agency (FHFA) re-proposed minimum financial eligibility requirements for Fannie Mae and Freddie Mac seller/servicers. This is a renewal of the eligibility requirements established in 2015.

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The Federal Housing Finance Agency (FHFA) is requesting input on its strategic plan for 2022-2026.

The draft outlines the agencies priorities for the coming years as regulator of the Federal Home Loan Bank system and conservator of Fannie Mae and Freddie Mac. It focuses on securing the regulated entities’ safety and soundness; fostering housing finance markets by promoting equitable access to affordable and sustainable housing; and responsibly stewarding the FHFA’s structure.

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The Federal Housing Finance Agency’s house price index showed an increase in prices both month-over-month and year-over-year.

“House price levels remained elevated in November, but the data indicate a pivot,” FHFA Division of Research and Statistics Supervisory Economist Will Doerner said.

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An Atlanta real estate agent was sentenced to two years, six months in prison after pleading guilty to participating in a mortgage-fraud scheme.

The conspiracy netted more than $21 million in fraudulent mortgage loans, many insured by the Federal Housing Administration (FHA). The case was investigated by the Department of Housing and Urban Development Office of the Inspector General, the Federal Bureau of Investigation, and Federal Housing Finance Agency Office of Inspector General.

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Freddie Mac Multifamily hit the 2021 volume cap established for the company by the Federal Housing Finance Agency.

“Freddie Mac Multifamily had an outstanding year, exceeding all our mission-driven benchmarks and providing liquidity throughout the multifamily markets in 2021,” Freddie Mac Senior Vice President for Production and Sales Richard Martinez said.

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The Senate Committee on Banking, Housing, and Urban Affairs heard testimony from Sandra Thompson, the current acting director of the Federal Housing Finance Agency, during her confirmation hearing to install her as the agency’s permanent leader.

Thompson is a career public servant and is the first African American woman to be nominated for the position.

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