CUNA urges the Federal Housing Finance Agency to provide more data to the public on how the application of its Enterprise Regulatory Capital Framework (ECRF) will affect guarantee fees before making any policy decisions. CUNA’s comments were sent in response to FHFA’s Fannie Mae and Freddie Mac single-family mortgage pricing framework Request for Input (RFI).

CUNA filed comments Monday in response to the Federal Housing Finance Agency’s request for information on tenant protections for Government-Sponsored Enterprise-backed multifamily properties. FHFA issued the RFI to collect data and information from multifamily stakeholders about the challenges tenants experience at multifamily properties.

CUNA supports the intent of the Federal Housing Finance Agency’s proposal on requirements governing its fair lending oversight and Enterprise Equitable Housing Finance plans, but offered several changes in comments filed Monday.

The Federal Housing Finance Agency’s recalibration of the credit scoring framework, including implementing a “bi-merge” credit reporting policy, does not adequately address impacts of the changes, CUNA and other organizations wrote to the FHFA Thursday

CUNA filed comments with the Federal Housing Finance Agency Tuesday with suggestions on how the housing finance system can ensure access to lenders of all sizes in response to the agency's review on how its regulations can be made more effective and less burdensome.

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The FHFA announced it has rescinded the upfront fees based on borrowers’ debt-to-income (DTI) ratios acquired by Fannie Mae and Freddie Mac.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.