FHFA to Re-Propose Updated Minimum Financial Eligibility Requirements for GSE Sellers/Servicers

The Federal Housing Finance Agency, citing “recent market events,” announced it will re-propose updated minimum financial eligibility requirements for Fannie Mae and Freddie Mac Seller/Servicers.

“FHFA has determined that it is prudent to work with the Enterprises to reassess and re-propose these requirements, including incorporating lessons learned from the evolving COVID-19 national emergency.” FHFA said in a press release.

FHFA said the original proposal was made on January 31 and will not be finalized and implemented this month as planned. More can be found at https://www.fhfa.gov//Media/PublicAffairs/Pages/FHFA-to-Re-Propose-Updated-Minimum-Financial-Eligibility-Requirements-for-Fannie-Mae-and-Freddie-Mac-Seller-Servicers.aspx.