The Federal Housing Finance Agency (FHFA) issued a Request for Input on Government-sponsored Enterprises (GSE) Fannie Mae and Freddie Mac’s single-family pricing framework, seeking feedback on the goals and policy priorities that FHFA should pursue in its oversight of the pricing framework.
CUNA supports the Federal Housing Finance Agency’s proposed amendments to its Enterprise Regulatory Capital Framework, but is concerned validations of these methods are based on Classic FICO credit scores instead of newly approved scores friendlier to lower-income borrowers.
The FHFA announced it has rescinded the upfront fees based on borrowers’ debt-to-income (DTI) ratios acquired by Fannie Mae and Freddie Mac. The FHFA announced in January a new upfront fee for certain borrowers with a DTI above 40%.
CUNA welcomes the FHFA’s efforts to conduct a comprehensive review of the FHLBanks’ operations and mission, it wrote to the FHFA, as credit union members continue to derive significant benefits from credit union membership in the FHLBank system.
CUNA strongly supports the goal of facilitating responsible innovation and FHFA’s efforts to identify barriers and challenges in implementing fintech in the housing finance ecosystem. CUNA sent comments in response to an FHFA request for information on fintech in housing finance.
Credit unions are integral to achieving the Federal Housing Finance Agency’s (FHFA) housing mission and goals, CUNA wrote to House Financial Services leadership prior to its semiannual hearing on FHFA oversight hearing and FHFA Director Sandra Thompson's testimony.
The Federal Housing Finance Agency (FHFA) issued a final rule requiring Fannie Mae and Freddie Mac to submit annual capital plans to the FHFA for review and approval, a step toward capitalization and reform of Fannie and Freddie.
The Senate confirmed Sandra Thompson as director of the Federal Housing Finance Agency Wednesday by a 49-46 vote. Thompson has served as acting director since June 2021, and has met with CUNA leaders while at the agency.
Proposed amendments to the FHFA's Enterprise Regulatory Capital Framework would allow or more accurate assessments of capital requirements for the government-sponsored enterprises, and better facilitate their ability to meet their missions.
CUNA applauds the Federal Housing Finance Agency for setting ambitious goals for Fannie Mae and Freddie Mac, it wrote to the FHFA Monday. The FHFA is required by statute to establish annual housing goals for Fannie and Freddie.
Credit Union Magazine’s Summer 2023 issue highlights the lending outlook for the rest of the year, how credit unions leverage fintech companies to boost digital lending, the power of lending partnerships, common Bank Secrecy Act violations, and the shift board members must make when becoming chair.